Under the new policy, Canada will apply a 25 percent tariff on steel imports from any country — except the U.S. — if the original steel was melted and poured in China.

Prime Minister Mark Carney says a fundamental shift in global steel markets will affect Canada more than many other countries because we rely more heavily on imports. He says there will be new tariffs on foreign imports over set quotas,

Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.

The pace of inflation sped up slightly in Canada to 1.9 per cent in the month of June, Statistics Canada said Tuesday. This comes after Statistics Canada said the pace of inflation held steady in May at 1.

According to Statistics Canada data released on Tuesday, Canada’s inflation rate increased to 1.9% per year in June, up from 1.7% in May. The increase was primarily driven by rising prices for durable goods,