Latest in Business
Bank of Canada Rate Hike Odds Jump Sharply
The likelihood of the Bank of Canada increasing its key interest rate this year has significantly risen, according to recent market indicators. This potential shift signals a new phase in monetary policy as inflation concerns persist.
Carney Pitches Canada to Global Investors in Toronto Summit
Prime Minister Mark Carney is spearheading Canada's bid to attract trillions in global investment, hosting a high-stakes summit in Toronto. The event aims to showcase the nation's strengths and opportunities to some of the world's largest asset managers.
Oil Windfall May Offset Canadian Tariff Losses
Rising global oil prices, fueled by geopolitical tensions, are showing signs of compensating for losses Canada has incurred due to U.S. tariffs. The unexpected economic boost from oil revenues could potentially outweigh the negative impact of trade restrictions, offering a surprising turn of fortune for the Canadian economy.
BC Business Lost Customers Amid Tariff Uncertainty
Mounting uncertainty over tariffs has led to customer losses for a British Columbia metal fabrication company, forcing some clients to relocate operations. The company is struggling with fluctuating material costs and unpredictable investment decisions.
Trump's Trade War Escalates: Tariffs Threaten Canadian Auto Sector
The ongoing trade dispute between the United States and Canada has intensified, with President Trump threatening significant tariffs on auto parts. This move has Canadian Prime Minister Mark Carney vowing to retaliate, raising concerns about the impact on the vital Canadian auto industry.
Trump Tariffs May Hike Prices on AI, Games, Phones
New proposed tariffs by former U.S. President Donald Trump could lead to increased costs for Canadians on a range of popular consumer goods, including artificial intelligence products, video games, and cellphones. Experts warn these measures could impact household budgets and the tech sector.
Golf Trolley Seller Faces $183K Bill from Chinese EV Tariff
A Pickering, Ontario-based business owner selling golf trolleys is caught in the crossfire of federal trade policy, facing a substantial $183,000 bill under a tariff initially aimed at Chinese electric vehicles. This unexpected financial burden highlights the complex and sometimes unintended consequences of international trade measures on Canadian small businesses.
Canada's VC industry seeks opportunity in US trade dispute
Canada's venture capital industry is hopeful that the ongoing trade dispute with the United States could lead to positive changes within the country's startup ecosystem. The industry is looking for Ottawa to unlock more funding and support for Canadian innovators amidst the escalating trade tensions.
Tariffs Hit Canadian Businesses After Failed Trade Talks
Canadian businesses are bracing for significant impacts as new 50 per cent U.S. tariffs take effect following the collapse of trade negotiations. Industries from publishing to manufacturing are facing uncertainty and increased costs.
Canada Hits US With 50% Tariffs After Trade Talks Collapse
A significant escalation in the ongoing trade dispute between Canada and the United States has occurred, with both nations imposing substantial tariffs on each other's goods. The tit-for-tat measures follow the breakdown of last-minute trade negotiations.
B.C. Chamber Warns of Inevitable Job Losses Due to Trump Tariffs
The head of the B.C. Chamber of Commerce has issued a stark warning, stating that job losses are "inevitable" following the imposition of new U.S. tariffs on Canadian goods. Small and medium-sized businesses are particularly vulnerable to the substantial new levies.
Trump Imposes 50% Tariffs on Canadian Goods After Talks Collapse
U.S. President Donald Trump has enacted steep 50% tariffs on a wide array of Canadian goods, following the abrupt collapse of last-minute trade negotiations. The move escalates an already tense trade dispute between the two North American allies.
Canada-US Trade Deal Collapses Amid 72-Hour Crisis
A last-minute breakdown in negotiations has caused the collapse of a critical trade deal between Canada and the United States. Tensions are escalating as both countries prepare to impose retaliatory tariffs.
US Imposes 50% Tariffs on Canadian Goods; Retaliation Expected
Canadian businesses are facing significant new challenges as the United States has imposed a 50% tariff on a wide range of Canadian imports. Prime Minister Mark Carney has vowed a dollar-for-dollar retaliatory response.
Trump Responds to Canada's Retaliatory Tariffs Announcement
The trade war between the United States and Canada has intensified following the announcement of retaliatory tariffs by Prime Minister Mark Carney. President Donald Trump has fired back, accusing Canada of seeking benefits without full commitment.
Canada to Strike Back with Retaliatory Tariffs on US Goods Sept. 8
Hours after the United States imposed new tariffs, Canada has announced its intention to retaliate with its own set of tariffs. Prime Minister Mark Carney stated that these measures will take effect on September 8th, escalating a burgeoning trade dispute between the two North American neighbours.
Canada-U.S. Trade War Escalates With New Section 338 Tariffs
The latest chapter in the ongoing trade dispute between Canada and the United States has begun with the implementation of new Section 338 tariffs. These tariffs, targeting a range of Canadian goods, come after trade negotiations failed to yield an agreement.
Canada retaliates with dollar-for-dollar tariffs after US trade talks collapse
Trade negotiations between Canada and the United States have broken down, leading to the immediate imposition of 50% U.S. tariffs on Canadian goods. Prime Minister Mark Carney has vowed retaliatory measures, escalating economic tensions between the two North American neighbours.
US Slaps 50% Tariffs on $20 Billion Canadian Goods; Canada Retaliates
The United States has imposed significant 50% tariffs on approximately $20 billion worth of Canadian products, escalating trade tensions between the two nations. Canada has vowed to retaliate with matching tariffs in a move that could have widespread economic implications.
Canada Vows Retaliation Amid New US Tariffs
Canada is poised to respond with dollar-for-dollar tariffs on American goods as the United States implements a steep 50 per cent tariff. The move signals a significant escalation in trade tensions between the two North American neighbours.
US Tariffs Escalate as Canada-US Trade Talks Collapse
Trade talks between the United States and Canada have broken down, leading to the imposition of significant 50% tariffs on a wide range of Canadian goods. Prime Minister Mark Carney has vowed retaliatory measures, escalating economic tensions between the two nations.
N.B. Businesses Await U.S. Trade Clarity Amidst Uncertainty
New Brunswick businesses are expressing growing concern as they await specific details regarding upcoming trade agreements with the United States. The lack of clarity is creating a ripple of anxiety across the provincial economy, impacting planning and investment decisions.
Canadian Retail Sales Climb 0.6% in June
Canadians continued to spend in June, with retail sales seeing a notable increase. Statistics Canada data reveals a robust performance across various sectors, offering a glimpse into the economic landscape.
Canada's Oil Boom: Sustained Growth or Looming Decline?
Canada's oil industry is experiencing a period of robust growth, with production reaching record highs and projected further increases for 2026. However, questions are mounting about the long-term sustainability of this boom amidst global energy transitions and shifting market demands.