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Canadian home sales rose 6.6% in July compared to same time last year
The increase in Canadian home sales during July reflects a strengthening housing market, which may positively influence related sectors such as construction, mortgage lending, and...
Read Full Article →Why natural gas prices have yet to see a boost after LNG Canada startup
Despite the launch of LNG Canada, Canadian natural gas prices have remained relatively stable, as increased export capacity has not yet translated into higher domestic market value...
Read Full Article →Is the stock market in an AI bubble?
Investors are heavily backing AI-related companies, causing substantial market growth despite many firms currently spending more on AI development than generating profits, raising...
Read Full Article →BoC officials considered whether interest rate already low enough to weather tariffs
Recent internal discussions revealed that some Bank of Canada members assessed if the current benchmark interest rate sufficiently supports economic stability amidst the impact of...
Read Full Article →China to set preliminary duty on Canadian canola after anti-dumping probe
The introduction of a provisional tariff on Canadian canola by China may impact trade relations and affect market prices for agricultural products between the two countries amid on...
Read Full Article →Automaker Ford hits pedal on EV production with $2B US overhaul of U.S. plant
Ford is investing $2 billion to modernize a long-standing Louisville factory, transitioning its focus from traditional gasoline cars to electric vehicle manufacturing, reflecting a...
Read Full Article →Paramount gets UFC streaming rights in U.S. with $7.7B deal
The $7.7 billion agreement marks a substantial investment by Paramount, securing exclusive U.S. streaming access to a leading sports franchise for seven years and highlighting the...
Read Full Article →Nvidia, AMD to pay 15% of China chip sale revenue to U.S. government
Nvidia and AMD will allocate a portion of their earnings from semiconductor sales in China to the U.S. government, highlighting a new financial arrangement impacting their internat...
Read Full Article →B.C. mushroom picking robots get $40M boost to fill growing agricultural labour shortage
The additional $40 million investment aims to support the development of automated mushroom harvesting technology, addressing workforce gaps and advancing technological solutions w...
Read Full Article →Sour news for pickle lovers: Bick's pickles no longer stocked at some Canadian retailers
The removal of Bick’s pickles from certain Canadian stores may affect sales revenue and market presence for the brand amid continuing trade tensions between Canada and the United S...
Read Full Article →Canada's economy shed over 40,000 jobs in July, partly offsetting earlier growth
The reduction in employment during July contributed to a notable decline in labor market participation, indicating a potential slowdown in economic momentum following previous job...
Read Full Article →After walkbacks and confusion, U.S. tariffs kick in for dozens of countries
The implementation of increased import taxes on multiple nations marks a critical shift in trade policy, potentially impacting international relations and contributing to emerging...
Read Full Article →Bank of Canada holds interest rate at 2.75% as economy shows resilience in the face of tariffs
The Bank of Canada’s decision to maintain the interest rate at 2.75% reflects confidence in economic stability amid challenges posed by international trade tensions.
Read Full Article →Stellantis vows to reconnect with customers as it flags $2.4B Cdn tariff hit for 2025
Stellantis faces a substantial $2.4 billion Canadian tariff impact next year, prompting leadership to focus on improving customer relationships and revitalizing its performance in...
Read Full Article →Canadian Tire reducing corporate roles, but declines to detail cuts
The company’s decision to decrease administrative positions is expected to impact operating expenses and reflect its efforts to improve efficiency amid evolving industry demands.
Read Full Article →Survey suggests employees 'upset' about return to office, prefer flexible work
The trend of requiring employees to come back to physical offices could impact company costs and productivity, as many workers express a preference for the financial and lifestyle...
Read Full Article →The U.S. economy is thriving in spite of tariffs. Will it last?
Despite the implementation of trade restrictions, the U.S. economy has demonstrated unexpected strength, limiting negative impacts to certain industries and providing insight into...
Read Full Article →Big Bank upsell update; more Buy Canadian complaints investigated: CBC's Marketplace cheat sheet
An increase in additional product offerings by a major financial institution, coupled with a rise in inquiries about domestic purchasing concerns, highlights ongoing issues affecti...
Read Full Article →LG Energy Solution warns of slowing EV battery demand due to U.S. tariffs, policy headwinds
LG Energy Solution indicated that increasing U.S. trade barriers and regulatory challenges could negatively impact its revenue growth by reducing the demand for electric vehicle ba...
Read Full Article →U.S. and Canada might not reach trade deal, Trump says
The uncertainty surrounding a potential agreement between the U.S. and Canada raises concerns about increased tariffs, which could impact trade flows and economic relations between...
Read Full Article →Canada's trade team downplays chances of deal with Trump by Aug. 1
The potential failure to finalize an agreement before early August could lead to increased tariffs on Canadian goods, significantly impacting export revenues and economic relations...
Read Full Article →Tesla's profits fall again as Musk hopes robotaxis will offset declining sales
Tesla experienced another decline in earnings this quarter, with decreased vehicle sales contributing to lower revenue, while future autonomous taxi services are anticipated to hel...
Read Full Article →Detroit Three lobbying group criticizes deal favouring Japanese imports
The recent trade agreement has generated optimism among American investors while creating concerns for automakers impacted by increased tariffs on vehicles imported from Mexico and...
Read Full Article →Many Canadian exports can avoid Trump tariffs if CUSMA-compliant. Here's what that means
Canadian exporters who meet the requirements outlined in the Canada-U.S.-Mexico Agreement can potentially reduce or eliminate additional costs imposed by U.S. tariffs, impacting th...
Read Full Article →Carney tells premiers he's 'only going to accept the best deal for Canada' in U.S. trade talks
Prime Minister Mark Carney emphasized his commitment to securing a favorable agreement in negotiations with the United States, highlighting the potential impact on Canada’s economi...
Read Full Article →U.S. commerce secretary dismisses question that free trade with Canada is dead
Despite ongoing tariffs, significant tariff-free imports from Canada continue to support trade volumes, reflecting the ongoing economic importance of the North American free trade...
Read Full Article →'Surprised and disappointed': Diamond mine layoffs reverberate across N.W.T.
The recent workforce reductions at the Ekati mine underscore the broader economic pressures affecting diamond production, potentially impacting local economies and supply chains in...
Read Full Article →Trump signs law to create regulatory regime for stablecoins, a huge win for crypto backers
The new legislation establishes guidelines for U.S. dollar–linked digital currencies, potentially enhancing their use in everyday transactions and impacting the broader financial t...
Read Full Article →Canned cocktail hitting you hard? As ready-to-drink cans grow in popularity, some are getting strong...
The increasing demand for pre-mixed beverages with elevated alcohol content is influencing sales trends and consumer spending patterns within the alcoholic drinks industry.
Read Full Article →Oil industry continues focus on returning cash to investors over new big projects
Despite generating substantial profits, Alberta's oil sector is prioritizing distributing earnings to shareholders instead of investing heavily in large-scale development or expans...
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