Stocks closed lower after a volatile day of trading, with automakers and banks among big losers, after President Trump hit Mexico, Canada and China with tariffs, prompting pushback from all three countries.

Beijing, Mexico City and Ottawa reply in kind to Washington, Minnesota’s agricultural exports will likely become more expensive and thus less competitive on the world market," John Rash writes. (Glen

China and Canada are fighting back as new U.S. tariffs take effect against those countries and Mexico. Beijing swiftly announced 15% retaliatory tariffs on some American goods. Canada says Ottawa will immediately respond with tariffs on $30 billion of U.

The federal government has put together a $6.5 billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses through the trade war with the United States.

Effective Friday, Ottawa introduced temporary flexibilities to an existing employment insurance (EI) scheme called the “Work-Sharing Program” which provides partial EI benefits to employees who agree to work reduced hours due to a decrease in business activity beyond their employer’s control.

The federal government has put together a $6.5-billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses and workers through the trade war with the United States.