Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.

Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

Canadian border crossings into New York decreased by over 21% in June 2025 compared to June 2024, as new tariffs on Canadian goods loom, affecting local tourism, employment, and businesses upstate.