Canada's economy added nearly quadruple the number of jobs forecasted for December and the unemployment rate surprisingly ticked down to 6.7%, data showed on Friday, giving the central bank breathing room to determine the pace of further rate cuts.

Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

Canada imported $320 billion in U.S. goods in the first 11 months of 2024, nearly equaling the European Union’s $341 billion. A U.S. 25% tariff could reduce Canada’s GDP by up to 3.8%, with retaliatory tariffs amplifying the impact to as much as 5.

Canada on Friday imposed sanctions on 14 current and former senior officials of the Venezuelan government, alleging that they had engaged in activities that have supported human rights violations in Venezuela.

Canada is looking at putting retaliatory tariffs if President-elect Donald Trump follows through with his threat to impose 25 percent tariffs on all Canadian products.

In response, Justin Trudeau, who is reportedly stepping down as Canada's prime minister, recently wrote on X: "There isn't a snowball's chance in hell that Canada would become part of the United States." Trump-ally Elon Musk then responded: "Girl, you're not the governor of Canada anymore, so doesn't matter what you say."

Podcaster Joe Rogan suggested that America may as well take over Mexico if so many of its people are immigrating illegally, bringing safety to both countries.

Canada's finance minister says U.S. President-elect Donald Trump’s comments that Canada should become the 51st state are no longer a joke and are meant to undermine America’s closest ally and major trading partner.

The president-elect’s comments about the U.S. annexing its northern neighbor were rejected by Canadians of all political stripes.

Canadian Foreign Minister Melanie Joly on Friday announced she would not run in the race to replace Prime Minister Justin Trudeau, saying she wanted to focus on the threat posed by potential U.S. tariffs.

Canada's economy added nearly four times the number of jobs forecasted for December and reached its highest number in almost two years, shrinking bets for a rate cut later this month though one is still expected by the majority of economists.