Trump's tariffs caused market volatility and production pauses in North America

U.S. President Trump implemented new tariffs on several trading partners, including the European Union and China. These measures have led to market volatility and a decrease in stock values. The TSX experienced significant losses. Automaker Stellantis is temporarily halting production at its Windsor and Mexico plants due to the new tariffs' impact. Canada is responding with its own tariffs on U.S.-made automobiles that do not meet USMCA standards. Hudson's Bay is halting pension payments to former senior executives as it liquidates stores. Rogers Communications finalized an $11-billion deal to broadcast NHL games, a significantly higher amount than its previous contract.