U-S President Donald Trump says he’s “very pleased” with the initial outcome of his tariff threat following a phone conversation Monday afternoon with the Prime Minister.
Justin Trudeau and Trump worked out a 30-day pause on 25 per cent tariffs that would have been slapped on most Canadian goods crossing the border into the U-S.
In a post on his own social media platform Truth Social, Trump copied and pasted Trudeau’s statement summarizing Canada’s efforts on the border and fighting fentanyl.
Canada will be expected to list drug cartels as terrorist entities, and appoint a “fentanyl czar.”
Trump added that over the next 30 days, the two countries will see whether a “final Economic deal” can be reached
Premier Tim Houston says the province is relieved there will be a pause on tariffs imposed on Canada by the United States. He says President Trump’s tax would have had a very real, immediate negative impact. Because of the pause, Nova Scotia’s retaliatory measures will not take effect. Houston says the threat of tariffs does remain, and he reaffirms his commitment that as things unfold over the next weeks, Nova Scotia stands in solidarity with its provincial and territorial colleagues.
Even as Canada gained an 11th-hour reprieve from U-S plans to impose punishing tariffs on its goods, the loonie dipped to its lowest levels in more than 20 years on Monday.
The Bank of Canada’s end-of-day exchange rate on Monday had the loonie trading at 68.48 cents U-S.
The dollar rebounded to 70 cents in the minutes after Prime Minister Justin Trudeau said the planned tariffs would be paused for at least 30 days.
A 2.4-per-cent drop in the country’s G-D-P for the year is forecast if tariffs are implemented, compared with its 1.8 per cent growth in a no-tariff scenario.
The Nova Scotia government is accepting applications for its highest award for bravery.
The province’s Medal of Bravery is awarded to residents who, when faced with immediate danger, show remarkable courage.
Acts of bravery that occurred on or after January 1, 2022, are eligible for nomination.
The deadline for nominations is May 1st.
Hike Nova Scotia is inviting MLAs across Nova Scotia to help show some love for hiking trails.
As part of the group’s annual Love Our Trails Nova Scotia challenge, it is asking MLAs in particular, but also all Nova Scotians, to get out on a local trail this February, snap a photo and share it on social media with the #LoveOurTrailsNS hashtag.
Hike Nova Scotia is hoping the fun challenge will highlight to residents the importance of trails, and also nudge government to better support trails and hiking.
