Canada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks.

WBUR's Anthony Brooks reports that the political leaders shared how the president's actions have damaged economies on both sides of the border.

“I don’t think it’s a crisis,” Canadian Imperial Bank of Commerce chief executive Victor Dodig said at an automotive industry event in greater Toronto. But the economy needs the salve of lower interest rates, pro-growth policies and more certainty on trade policy, he said.

As the Group of Seven (G7) summit gets underway in Alberta, Canada, trade issues loom large in the discussions, with leaders from the European Union (EU), Japan and Canada once again pressing the US to roll back its broad tariff measures before the July 9 exemption deadline to prevent a full-blown tariff war.

World leaders at the Group of Seven summit in Canada yesterday pushed US President Donald Trump to back away from his punishing trade war,

Five Canadian premiers, including Ontario's Doug Ford, are in Boston on Monday to forge alliances with some U.S. governors against Donald Trump's tariffs. But with only one Republican governor attending,

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff.

President Trump kicked off three days of meetings in Canada, saying 'our primary focus will be trade,' but with minimal evidence of progress to offer on long-promised deals.

Trump told reporters that he and Carney still have differences over policy but that trade deal was 'achievable' in the coming weeks.