The Trump administration’s announcement of punitive tariffs on Canadian steel and aluminum means we’re into a full-blown economic and political war with the Americans.

Prime Minister Justin Trudeau’s tough statement Thursday afternoon that these tariffs are unacceptable and an affront to all Canadians is unprecedented for its direct and unrestrained criticism of an American president and his administration by any Canadian leader. In answering the press, Mr. Trudeau said that President Donald Trump’s actions represent a “turning point” in Canada-U.S. relations.

Which is the most innovative city in Canada?

You might be surprised to know that Calgary has now taken the lead on that front, as measured by one of the most common ways of gauging innovation — patents.

Calgary has now surpassed the likes of Ottawa and Waterloo in terms of patents per capita. And yet, the Alberta city's rise has happened without the fanfare that accompanied the ascent of the country's previous tech hubs in Ontario.

Bank of Canada Governor Stephen Poloz punted the “Will He or Won’t He” rate watch to July when the Bank of Canada left its target overnight rate unchanged on Wednesday. Markets had factored in only a 17 per cent chance of a hike, so there was little surprise. Looking ahead, there is a lot to get excited about for the Canadian economy, but in the near term, a few worrying signs justify leaving rates alone.

The aging of the population has accelerated in Canada during the past decade, but not all provinces evenly bear the brunt of an aging labour force and growing share of seniors. The four Atlantic provinces are facing significant challenges while Alberta is less vulnerable and more prepared.