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 is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Trump follows through with his plans to add a steep 25% import tax on Canadian exports, people familiar with the matter told CNN.

Montreal: Canada's unemployment rate ticked down in December, the national statistics agency said Friday, ending 2024 with signs of strength as the country readies for potential economic upheaval triggered by incoming US president Donald Trump.