Prime Minister Justin Trudeau and the premiers of Canada’s provinces are in high-stakes talks over how far to go in using oil and other commodities as a weapon if the US starts a regional trade war.

The premiers will gather in Ottawa Wednesday to meet with Prime Minister Justin Trudeau and discuss the looming threat that has the potential to throw the economy into a tailspin: president-elect Donald Trump's promised tariffs on all Canadian goods.

Canada's premiers are set to meet with Prime Minister Justin Trudeau and members of his cabinet today to talk about U.S. president-elect Donald Trump's vow to impose steep tariffs.

Canada on Tuesday approved with conditions U.S. grains merchant Bunge's $34 billion merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is unprecedented in dollar value.

Canada has approved Bunge’s $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.

Canada's government said late Tuesday it approved Bunge's (NYSE:BG) proposed acquisition of Glencore-backed (OTCPK:GLCNF) (OTCPK:GLNCY) Viterra after the companies agreed to concessions to address antitrust concerns.