Canada retaliates, steel town reacts to U.S. tariffs, waiting for Putin, and more

Ottawa is putting reciprocal tariffs on U.S. goods after another 25 per cent tariff came into effect on steel and aluminum. Prime minister-designate Mark Carney says he is waiting until he is sworn in before speaking to U.S. president Donald Trump.

People in Ontario’s steel town, Hamilton, say they are worried about their jobs. And the effect will trickle down to the whole local economy. U.S. Commerce Secretary Howard Lutnick says the tariffs will stay in place until the country’s manufacturing catches up.

Also: The Bank of Canada cuts its trend-setting rate by a quarter of a percentage point. It also signalled an economic slowdown has started — spurred in part by the uncertainty brought on by tariff chaos.

And: The world is waiting to hear what Russian President Vladimir Putin will say about a proposed ceasefire in Ukraine. Trump says it’s a good deal; Ukrainian President Volodymyr Zelenskyy has signed on. But it will fall apart if Putin rejects it.

Plus: Demonstrators in New York City support a Palestinian activist arrested for on-campus demonstrations at Columbia University, the Canadian Navy's top commander is in Antarctica, and more.