Finance Minister Dominic LeBlanc says Donald Trump's suggestion that he will impose sweeping tariffs on Canada on Feb. 1 is "nothing new," and insists Canada has plans ready for several possible scenarios.

Finance Minister Dominic LeBlanc said Canada is "absolutely" prepared if President Donald Trump levies 25 per cent tariffs against Canada next month. Ottawa has potential response scenarios at the ready,

On the second floor of the Château Montebello’s lobby, there are framed photographs commemorating the visits of Ronald Reagan in 1981 for a G7 summit and George W. Bush for a meeting of North American leaders in 2007.

Ford says the actual number of Ontario jobs affected by the tariffs will depend on what sectors are targeted, but the ministries have told him it could be between 450,000-500,000.

Canada is prepared to impose retaliatory tariffs on the U.S. if Trump eventually moves ahead with any trade action. Officials have already drawn up a plan that will levy immediate tariffs on $37-billion worth of American goods if Trump moves against Canada.

Outgoing Canadian Prime Minister Justin Trudeau has announced the formation of a Canada-U.S. relations council to support the federal government as it deals with incoming U.S.

President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.

Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump's presidency, but Trump later said he could impose a 25% tariff on Canada and Mexico on Feb.

Several chafed at his plans as President Trump enacted immigration measures affecting their countries and vowed to impose tariffs on Mexico and Canada.

Canadian leaders expressed relief that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency.

Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump's presidency and that he did not mention America's major trading partner during his inaugural speech.