|  Will some electric cars soon cost less? Prime Minister Mark Carney struck a deal with his Chinese counterpart on Friday to reduce tariff measures on some Canadian products like canola seed and seafood. In exchange, Carney agreed to ease Canada’s tariffs on Chinese-made electric vehicles. Carney said tariffs on those cars will be reduced from 100 per cent to 6.1 per cent with up to 49,000 allowed in per year, and that the vehicles may cost Canadians about $35,000 by 2030. The average price for a new EV in Canada is roughly $70,682, while used options averaged $42,045. Although they may be cheaper, they may come with other costs. This includes the potential security risks associated with the technology in these vehicles, Ontario Premier Doug Ford said on Friday, as well as the broader impact their sales may have on Canada’s automotive sector. Read more about Carney’s deal with China and what his critics think.  Trump’s interest in the Federal Reserve A group of central banks from around the world, including the Bank of Canada, rallied to support the U.S. Federal Reserve and its chair, Jerome Powell, after the U.S. Department of Justice (DOJ) served Powell with subpoenas and threat of criminal indictment. In a video statement, Powell said he believes the Trump administration was weaponizing the DOJ in an effort to have more control over interest rates in the United States. The European Central Bank released a written statement, which was co-signed by Governor Tiff Macklem at the Bank of Canada, among other central bankers, which says it’s “critical to preserve” the independence of central banks. The Federal Reserve, like many other central banks, have a mandate to support their economies. This sometimes means adjusting interest rates as needed, but those decisions are based on expert analysis and data, and is strictly opposed to government influence based on political agendas. Read more about why Trump is honing in on the Fed, and what could happen next.  How Canadians feel about the economy in 2026 2025 was a challenging year for Canadians, and the latest survey data suggest most are expecting a similar year in 2026 — with six in 10 expecting it to be worse than last year. That’s according to an Ipsos survey by consumer insolvency firm MNP Ltd., which also shows almost three in four (71 per cent) of Canadians expect the cost of living to increase, and more than half (54 per cent) said higher interest rates and inflation are likely to add financial strain on their finances. This also comes as the trade war and tariffs have led to heightened uncertainty about the economy and job market in Canada. There is some good news though. Despite the challenging landscape, Canadians are taking steps to stay afloat, including reducing their insolvency risk. Two in five Canadians (41 per cent) report being $200 or less away from financial insolvency each month. This is down seven per cent from last quarter, the report said, adding that it is at the lowest-levels measured in the post-pandemic period. Read more about what the report showed, and how Canadians are handling their financial challenges. | 
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