News of the day: Trump tariff shake-up, automatic tax

It’s Tuesday, June 2. Here are the top stories we’re following today.

Trump shakes up tariff regime for steel, aluminum and copper

United States President Donald Trump says he’s relaxing tariffs on certain products that use steel, aluminum and copper, such as agricultural machinery and HVAC equipment, to 15 per cent from 25 to provide economic relief for sectors that use these products.

Automatic tax filing is coming, but the government’s plan still misses the mark

The new automatic filing legislation is a start, but until we have comprehensive tax reform, it’s just automating the symptom, writes Kim Moody.

David Rosenberg: Is Canada back in a recession? Tiff Macklem better be watching either way

Bank of Canada governor Tiff Macklem would be well-advised to start going easy on even hinting at any rate increase, because all he does with that sort of rhetoric is make the bond market jitter and cause an unnecessary tightening in financial conditions.

Robinhood trading comes to Canada, but what does that mean for investors?

California-based financial services company Robinhood Markets Inc. completed its purchase of Toronto-based cryptocurrency trading platform WonderFi Technologies Inc. for $250 million this week, but that doesn’t mean Canadians will be able to trade stocks on its popular platform anytime soon.

Metro CEO Eric La Flèche to retire in September

Metro Inc. chief executive Eric La Flèche will retire from his role in late September after more than 18 years at the helm of the grocery giant, the company announced on Tuesday.