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Inflation unchanged at 1.7% in May as rental price growth slowed
Canada’s steady inflation rate of 1.7 percent in May reflects a moderation in housing costs, which plays a key role in overall consumer price trends and economic stability.
Read Full Article →What is the Strait of Hormuz and what could happen to oil prices if Iran shuts it down?
The potential closure of the Strait of Hormuz by Iran could disrupt a significant portion of global energy supply, leading to increased uncertainty and volatility in oil markets wo...
Read Full Article →VIA Rail and Unifor reach tentative agreement, avoiding a strike
The agreement between the national passenger rail service and its unionized employees potentially prevents costly disruptions and financial losses associated with work stoppages af...
Read Full Article →As the U.S. trade war drags, calls grow for Canada to cautiously improve ties with China
Amid ongoing tensions between major global economies, Canadian policymakers are urged to develop strategies that enhance trade opportunities with China to support domestic business...
Read Full Article →Lululemon cutting 150 corporate jobs as athleisure brand braces for tariff impact
Lululemon Athletica Inc. is reducing its corporate workforce by approximately 150 positions to adjust its operations in response to expected increased costs from new trade tariffs.
Read Full Article →Wheat and corn crops in Canada's Prairies, U.S. Midwest could see biggest losses due to climate chan...
Changes in climate are projected to substantially reduce yields of key staple crops in North America, potentially impacting market supply and influencing global food costs unless e...
Read Full Article →B.C. mining company cuts 140 positions due to 'challenging market conditions'
Elk Valley Resources, a Glencore subsidiary managing multiple coal mines in southeastern British Columbia, is reducing its workforce by 140 employees in response to difficult econo...
Read Full Article →How Canada emerged as the safest port in a storm of global trade
Canada's ability to maintain favorable tariff conditions amid escalating international trade tensions has helped stabilize its economic position compared to other key trading natio...
Read Full Article →Manufacturing sales fall 2.8 per cent in April, biggest monthly drop since 2023
The decline in manufacturing sales during April highlights a notable economic impact, reflecting challenges faced by the industry amid ongoing trade tensions with the United States...
Read Full Article →Oil prices surge after Israel's strike on Iran
The recent military action has heightened geopolitical tensions, leading to increased energy costs, declining equity markets, and a shift toward safer assets such as the U.S. dolla...
Read Full Article →Gen Z is facing the worst youth unemployment rate in decades. Here is how it's different
Economic challenges such as rising inflation, increased competition from a growing population, and trade tensions with the U.S. are contributing to significant employment difficult...
Read Full Article →OPEC boss slams net-zero targets, promotes big future for oil in Calgary speech
The leader of OPEC emphasized the ongoing global demand for oil, suggesting that sustained financial investments in the industry will be crucial to support energy markets over the...
Read Full Article →DHL Express workers on strike after company locks them out, adding to parcel sector turmoil
The lockout of DHL Express employees following unsuccessful contract negotiations may disrupt operations and impact revenue within Canada’s parcel delivery industry amid ongoing se...
Read Full Article →Customs brokers are cross-border trade gurus. With tariff whiplash, they're facing 'toxic uncertaint...
Customs brokers play a crucial role in managing the costs associated with international trade by accurately determining duties, which has become increasingly challenging due to fre...
Read Full Article →Canada's unemployment rate ticks up to 7% in May, highest in 9 years outside of pandemic
The recent increase in Canada's jobless rate to seven percent may impact economic growth and influence government policy decisions regarding labor markets and social support progra...
Read Full Article →B.C. government approves new LNG pipeline with terminus near Prince Rupert
The approved pipeline project is expected to enhance natural gas transportation capacity, potentially boosting regional energy exports and generating economic activity in British C...
Read Full Article →April's $7.1B merchandise trade deficit was the largest on record
In April, Canada experienced an unprecedented merchandise trade shortfall totaling $7.1 billion, largely due to a significant decline in exports influenced by increased U.S. tariff...
Read Full Article →Bank of Canada must get comfortable with the unknown as long as Trump is in charge
The Bank of Canada faces uncertainty in setting monetary policy as unclear U.S. trade decisions may delay critical interest rate adjustments, potentially impacting economic stabili...
Read Full Article →As Bank of Canada holds rates, experts say a cut alone won't stop an economic slowdown
Maintaining the current interest rate reflects cautious economic management, as professionals believe that reducing rates may not sufficiently counteract the ongoing challenges aff...
Read Full Article →Swift reaction but little action so far from Canada in response to Trump's steel and aluminum tariff...
Canada faces potential economic challenges as it considers how to address the recently increased U.S. duties on steel and aluminum, with the government acknowledging the impact but...
Read Full Article →RECAP | Bank of Canada holds interest rate at 2.75% amid 'unusual uncertainty'
The Bank of Canada maintained its interest rate at 2.75% due to economic unpredictability and fluctuating inflation, reflecting cautious monetary policy amid unclear financial cond...
Read Full Article →Ford, Hyundai post higher U.S. sales in May on strong SUV, truck demand
In May, increased demand for SUVs and trucks contributed to higher U.S. sales for several automakers, despite challenges from tariff-related cost increases impacting overall profit...
Read Full Article →Doubled tariffs raise concerns Canadian steel could be shut out of U.S., but some companies say they...
The increased duties on steel imports may significantly impact Canadian producers' access to the U.S. market, prompting certain firms to explore strategies to adapt to the evolving...
Read Full Article →Trump signs order to double steel and aluminum tariffs at midnight
The decision to increase tariffs on imported steel and aluminum to 50 percent is expected to significantly impact trade dynamics and could lead to increased costs for industries re...
Read Full Article →Court OK's Hudson's Bay selling trademarks, like iconic stripes, to Canadian Tire
The court approval allows Hudson's Bay to transfer valuable branding assets to Canadian Tire, generating $30 million and potentially impacting both companies’ market positions and...
Read Full Article →Time is running out on Trump’s trade deal promises
The approaching deadlines highlight the urgency for tangible progress in trade agreements, as commitments made by the administration have yet to result in finalized economic partne...
Read Full Article →Canadian economy will be among those hit hardest by global slowdown, says OECD
The anticipated global economic deceleration is expected to significantly impact Canada’s financial performance, reflecting heightened vulnerabilities compared to many other nation...
Read Full Article →ETFs are outpacing mutual funds despite market volatility. Are rookie retail investors at risk?
Recent data shows Canadians increasingly favor exchange-traded funds over mutual funds, highlighting a shift in investment preferences amid global market instability and potential...
Read Full Article →Canada had big EV battery recycling plans, but without regulations it's the 'Wild West,' expert warn...
The growth of electric vehicles in Canada presents a substantial opportunity for recovering valuable minerals through battery recycling, but the lack of clear policies may hinder t...
Read Full Article →Oil companies sued over heat dome 'wrongful' death
The lawsuit against multiple oil and gas firms could result in substantial financial liabilities if courts determine their operations significantly influenced extreme weather condi...
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