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Bankrupt DNA testing company 23andMe to be bought by Regeneron
Regeneron’s acquisition of the financially troubled DNA testing firm could impact the handling of extensive genetic data, while addressing concerns about privacy and potential misu...
Read Full Article →MEC back under Canadian ownership after 5 years of U.S. management
The transition to Canadian investors led by Tim Gu marks a strategic shift that could influence MEC’s financial direction and strengthen its position within the domestic outdoor re...
Read Full Article →China emerging as top customer for Canadian oil shipped via Trans Mountain Pipeline
The increased demand from China for Canadian oil transported through the Trans Mountain Pipeline reflects changing trade patterns and has notable implications for Canada's energy e...
Read Full Article →Strathcona Resources makes stock-and-cash takeover offer for MEG Energy
Strathcona Resources’ proposed acquisition of MEG Energy involves a combination of shares and cash, reflecting a total valuation of nearly $5.9 billion for the oilsands producer.
Read Full Article →The condo market is slowing down. Where are all the buyers?
The recent shift in Canada's major urban housing sector reflects increased availability of units alongside a noticeable decline in purchaser interest, impacting overall market acti...
Read Full Article →Tariffs hitting shoppers in Canada and U.S., with some prices set to rise at Loblaw stores, Walmart
Both Canadian and U.S. retailers are adjusting prices upward on certain products as increased costs from trade restrictions impact supply chains and inventory levels in major store...
Read Full Article →Enbridge sells stake in Westcoast pipeline to First Nations group
Enbridge Inc. has transferred a partial ownership interest in its Westcoast pipeline to a coalition of 36 First Nations in British Columbia, marking a notable transaction with pote...
Read Full Article →Will the Liberals' campaign promises help fix the housing crisis?
The Liberals’ proposed housing initiatives could potentially influence market stability, affordability, and investment patterns, affecting various economic sectors and stakeholders...
Read Full Article →Ontario, Manitoba agree to boost interprovincial trade, facing U.S. tariff crunch
The decision by Ontario and Manitoba to reduce restrictions on commerce and labor movement aims to strengthen regional economic resilience amid increasing challenges posed by exter...
Read Full Article →GM, LG Energy Solution to make new, lower-cost battery cells for future EVs
General Motors and LG Energy Solution plan to develop innovative battery cells with reduced expenses, aiming to make electric vehicles more competitively priced compared to traditi...
Read Full Article →Honda to postpone plans for EV plant in Canada for at least 2 years
Honda's decision to delay the establishment of an electric vehicle manufacturing facility in Ontario reflects financial caution due to potential impacts from anticipated United Sta...
Read Full Article →U.S. car prices, consumer demand surge in April after tariffs hit
April saw a notable increase in new vehicle costs and buyer interest in the United States, reflecting the broader economic impact of recently implemented trade restrictions on the...
Read Full Article →U.S. and China reach deal to slash tariffs for 90 days
The agreement to temporarily reduce tariffs between the U.S. and China aims to ease trade tensions and potentially improve economic conditions by encouraging increased cross-border...
Read Full Article →Enbridge CEO 'completely enthused' by conversation around energy in Canada, U.S.
The leader of Enbridge Inc. highlighted the growing support from Canadian and U.S. authorities for accelerating oil and gas infrastructure development, which could positively impac...
Read Full Article →Enbridge reports $2.3B first-quarter profit up from $1.4B last year
Enbridge’s latest quarterly earnings demonstrated a substantial increase in profitability, with net income and earnings per share both showing significant growth compared to the sa...
Read Full Article →Canada's unemployment rate ticked up to 6.9% in April, matching pre-pandemic high
The recent rise in Canada's jobless rate to 6.9% highlights ongoing challenges in the labor market, potentially influencing economic growth and government policy decisions.
Read Full Article →Oil prices are down. It means something different in Canada vs. the U.S
The recent decline in crude oil costs has impacted economic strategies differently in Canada and the U.S., affecting investment decisions and revenue projections within their respe...
Read Full Article →U.S. trade war risks Canadian progress on financial stability, says Bank of Canada
The Bank of Canada indicated that escalating trade tensions with the United States could undermine recent improvements in economic conditions for Canadian consumers and companies.
Read Full Article →Trump agrees to cut tariffs on U.K. autos, steel and aluminum in planned trade deal
The reduction of import taxes on British vehicles and metals as part of the upcoming agreement is expected to enhance trade efficiency and increase American agricultural exports to...
Read Full Article →WeightWatchers files for bankruptcy after weight-loss drugs capsized industry
WW International sought Chapter 11 bankruptcy to restructure its debt following industry changes caused by the rapid rise of new obesity medications impacting its traditional reven...
Read Full Article →China beefs up economic safeguards ahead of U.S. trade talks in Switzerland
In preparation for upcoming discussions with the United States, China is implementing various economic measures to mitigate potential negative impacts and stabilize its financial e...
Read Full Article →Is CUSMA the best path out of the trade war with the U.S.?
The Canada-US-Mexico Free Trade Agreement could potentially influence economic relations by providing a structured framework that encourages trade stability and may help reduce tar...
Read Full Article →Canada's trade deficit narrows to $506M in March, driven by slump in U.S. imports
In March, Canada experienced a smaller gap between its imports and exports, primarily due to a sharper decline in goods purchased from the United States compared to what it sold in...
Read Full Article →After Trump vows tariffs on foreign movies, the Canadian film industry says he's lost the plot
Imposing steep tariffs on international films could disrupt revenue streams and trade relationships, potentially causing significant economic challenges for the Canadian movie mark...
Read Full Article →Competition Bureau takes Canada's Wonderland to court over alleged 'deceptive marketing practices'
The legal action against Canada's Wonderland could result in financial penalties and impact the company’s revenue due to potential changes in marketing strategies and loss of consu...
Read Full Article →Hudson's Bay backtracks on cutting workers' commission pay, but still won't offer severance
Hudson's Bay reversed its plan to reduce commission earnings for numerous sales staff amid store closures, yet continues to withhold severance compensation from employees who are b...
Read Full Article →Dissident to fight board vote delay in court after Parkland, Sunoco ink $9.1B US deal
The $9.1 billion acquisition of Parkland Corp. by Sunoco LP, combining cash and stock, reflects a major consolidation in the energy sector with substantial financial and strategic...
Read Full Article →Warren Buffet announces intention to retire from Berkshire at the end of the year
Warren Buffett's planned retirement from Berkshire Hathaway marks the conclusion of his influential six-decade leadership, during which he significantly expanded the company into a...
Read Full Article →Greg Abel named CEO of Berkshire following Buffett's retirement announcement
The appointment of Greg Abel as CEO marks a key leadership transition at Berkshire Hathaway, potentially influencing investor confidence and the company’s financial strategy moving...
Read Full Article →One year after the Trans Mountain Pipeline expansion, why isn't it full?
Despite the recent expansion of the Trans Mountain Pipeline aimed at enhancing oil exports, capacity utilization remains below expectations, prompting questions about its impact on...
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