Morning Update: Of sovereignty and separatism

Good morning. The prospect of another Liberal government is fuelling Alberta’s separatist angst, and U.S. tariffs aren’t helping. We’ll have more on sovereignty and separatism below, along with news of a pipeline spill and a lookahead to the Masters tournament.Today’s headlines

• China’s Xi calls for regional co-operation as Trump’s 104% tariffs hit, global markets continue to plunge and U.S. Treasuries crater
• Canada’s retaliatory tariffs on vehicles imported from the United States will take effect today
• How the ‘Buy Canadian’ movement is inspiring France’s ’Le Boycott’