News of the day: Auto tariff threats, TFSA as education fund, Unifor-GM labour deal, BDC expands into defence sector, settlement negotiations and more

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On Monday, the U.S. president threatened higher tariffs against Canada's auto industry. Photo by Mike Kropf/Getty ImagesIt’s Monday, August 24. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountUnited States President Donald Trump on Monday announced that he plans to raise tariffs on Canadian autos and auto parts to 50 per cent starting in January, marking the latest escalation of trade tensions between the two countries. Although programs like the Canada Learning Bond offers some support, the reality is many Canadians will need money from other sources, such as a tax free savings account, to fund a child’s post-secondary education. Photo by Seb Ra/Getty ImagesGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againIf your child is starting high school next month, you may think you have time to start planning financially for their post-secondary education. The truth is, you are already late. Approximately 30 per cent of Unifor members at General Motors in Canada were on layoffs when talks opened earlier this month. Photo by LARS HAGBERG/AFP via Getty ImagesUnifor and General Motors Co. reached tentative labour agreements over the weekend just as trade tensions were heating up between Canada and the United States, the union said. Isabelle Hudon said a model for Business Development Bank of Canada is the KfW Development Bank in Germany, which serves sectors that are aligned with country strengths as identified by the government. Photo by TIM KROCHAK/PostmediaThe Business Development Bank of Canada expects to launch new initiatives aimed at bolstering Canada’s economic sovereignty following the roll-out of a $6 billion defence platform over the past year, says the head of the arm’s-length Crown corporation. The best negotiators understand that every meeting has two audiences: the people sitting across from you, and the people they become once you’re no longer in the room. Photo by Getty Images/iStockphotoThe mistake many employers make in workplace settlements is believing they are negotiating only with the other lawyer, writes Howard Levitt.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.