News of the day: Macklem’s tariff warning, what ‘associate member’ means, whey tariff backfires, oil and gas dealmaking boom, Chinese oil imports and more

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Photo by HYUNGCHEOL PARK/PostmediaIt’s Monday, Sept. 21. 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 AccountBank of Canada governor Tiff Macklem says the persistent trade war with the United States and conflict in the Middle East could unravel the recent rebound in the Canadian economy and significantly slow economic growth. European Commission President Ursula von der Leyen, left, greeting Prime Minister Mark Carney during her annual keynote address to the European Parliament in Strasbourg, eastern France. Photo by Christophe Licoppe/EUROPEAN UNION/AFP via 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 againThe Financial Post spoke to international business professors and experts to determine what Canada’s new partnership with the European Union could mean for its economy, how it fits with our existing trade agreement with the EU and what Canadian businesses can expect moving forward. The whey trade will also soon be squeezed in the other direction as well, as beginning Sept. 29, the U.S. will prohibit imports of specified Canadian whey products. Photo by Annabelle GORDON/AFP via Getty ImagesCanadian manufacturers of protein shakes, bars and other high-protein foods are scrambling to find new sources of a key ingredient after Canada’s latest retaliatory tariffs slapped a 50 per cent levy on whey protein from the United States. An oil well in a field between Cochrane and Cremona, Alta. Photo by NurPhoto via Getty Images filesCanada’s oilpatch is barrelling toward its biggest year of dealmaking in a decade, fuelled by war-inflated crude prices and Prime Minister Mark Carney‘s support for building new pipelines. China is ramping up imports again at a time when tanker crossings dropped to one on Monday from 80 a day prior due to the renewed eruption of the conflict between the U.S. and Iran. Photo by CN-STR/AFP via Getty ImagesChina could once again wield its hand in the crude oil market after the world’s largest importer of the fossil fuel helped keep prices from rising more than they did, say oil market analysts.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.