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Aritzia plans to move some of its production away from China amid tariff threats
Aritzia intends to reduce its clothing production in China to 20 percent this fall-winter season and plans to further decrease reliance on the country by spring, amid tariff concer...
Read Full Article →GM to lay off 750 workers at Oshawa plant, citing U.S. tariffs: union president
General Motors is reducing its workforce at the Oshawa Assembly plant as a response to U.S. tariffs, which could impact operational efficiency and local economic conditions.
Read Full Article →Are U.S. ports ‘ghost towns’ thanks to Trump’s tariffs?
Recent analyses using satellite imagery and trade data investigate the claim that U.S. ports have become less active due to tariffs on Chinese goods imposed during Trump's administ...
Read Full Article →CUSMA-compliant auto parts won't be hit with tariffs
According to recent guidance from U.S. Customs and Border Protection, auto parts that meet CUSMA standards will remain exempt from tariffs imposed by the Trump administration on im...
Read Full Article →Canadian Tire is bidding on Hudson's Bay assets, according to sources
Canadian Tire has submitted a bid for the assets of Hudson's Bay, with the deadline for interested parties to make their offers having recently passed in connection with a court ca...
Read Full Article →Tesla board chair denies reports company was looking to replace Elon Musk
The Tesla board's assertion about not seeking a replacement for Elon Musk comes amid declining sales and stock performance, potentially impacting investor confidence and the compan...
Read Full Article →'Don't shut up': Canadian auto sector's strategy to fight Trump tariffs
Canadian automotive leaders emphasize the importance of vocal advocacy in response to U.S. tariffs, highlighting the potential financial impacts on the industry and the need for co...
Read Full Article →68,000 job losses possible in Ontario this year due to U.S. trade war: report
A recent report estimates that U.S. tariffs and Canada's retaliatory measures may lead to significant job losses in Ontario, potentially affecting over 137,000 positions by 2029.
Read Full Article →China draws up list of U.S.-made goods exempt from 125% tariffs, sources say
China has begun informing companies about a list of U.S.-made goods that will not be subject to its steep 125% tariffs, potentially impacting trade relations and market dynamics.
Read Full Article →Canada's economy shrank 0.2% in February, but signs point to growth in March: StatsCan
Statistics Canada reports a 0.2% decline in Canada's economy for February, although initial indicators for March suggest the potential for moderate growth in gross domestic product...
Read Full Article →An energy superpower? Oilpatch skeptical of Carney's support for the sector
Despite promises to enhance the economy and energy sector, many industry stakeholders remain doubtful about the likelihood of substantial policy changes from the re-elected Liberal...
Read Full Article →Trump says order to soften auto tariffs' impact will give a 'little relief' to industry
U.S. President Donald Trump's recent orders aimed at alleviating the effects of auto tariffs may improve conditions for the industry and reduce investor concerns over trade policy...
Read Full Article →China exempts some U.S. imports from 125% tariff rate
China has decided to exempt certain U.S. imports from a high tariff rate, though both countries remain at odds regarding discussions about trade negotiations and their ongoing tari...
Read Full Article →Tariff fears are driving a boost in auto sales in Detroit
Concerns over impending tariffs are motivating an increase in auto sales in Detroit, with consumers and dealers expressing both enthusiasm and apprehension about the future of the...
Read Full Article →Trump says he might lower tariffs on China. Unless the number comes way down, experts say it won't m...
President Trump suggested a potential reduction in tariffs on China; however, experts believe significant decreases to levels of 10 or 20 percent are necessary for meaningful econo...
Read Full Article →Dow delays plans for $8.9B net-zero project in Alberta's Industrial Heartland
Dow has postponed the construction of its $8.9 billion net-zero petrochemical project in Alberta, citing the need for improved market conditions, according to company CEO Jim Fitte...
Read Full Article →A 'madman' penalty: Are Trump's actions eroding U.S. economic power?
Recent observations indicate a decline in U.S. stocks, dollar value, and bond demand, raising concerns about the potential impact of political actions on the nation's economic stan...
Read Full Article →EU fines Apple 500M euros, Meta 200M euros for breaking competition rules
The European Union has imposed significant fines on Apple and Meta for violating competition regulations, reflecting its commitment to reinforcing the Digital Markets Act and maint...
Read Full Article →These charts reveal a Canada-U.S. bond forged in steel and aluminum
The data highlights the strong financial connection between Canada and the U.S., showing that a significant portion of Canadian steel and aluminum production depends on exports to...
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