Canada-US trade tensions escalate over tariffs

Trade tensions between Canada and the United States have escalated, with Ontario Premier Doug Ford denying he was told to tone down his 'loser' rhetoric about Donald Trump.

Talks between the two countries fell apart on Friday, leading to 50 per cent tariffs on billions of dollars of Canadian goods.

Prime Minister Mark Carney will address the European Union next month in a push to deepen ties with the bloc as the trade dispute continues.

The escalating conflict has raised concerns about the economic impact on both sides of the border.