A last-ditch effort to reach a new trade deal before a midnight tariff deadline failed Friday, as Prime Minister Mark Carney suspended talks with the United States and summoned his negotiators back to Ottawa.
The decision meant new 50 per cent tariffs on billions of dollars in Canadian exports to the U.S. took effect at 12:01 a.m., and Carney vowed Canada would retaliate with equal measures of its own. (TorontoStar)