42 h. ago Ontario fast food chain scraps U.S. expansion plans amid trade war

Amid rising tensions from the trade wars, many in Ontario are opting to buy local products when it comes to their everyday purchases. Even Ontario-owned businesses are considering this when it comes to talks about expansion.Recently, Ontario-based vegan fast food chain Odd Burger put out a press release stating that it would be halting its U.S. expansion plans due to "escalating political tensions between Canada and the U.S.""Given the global tariff uncertainty, we are putting the brakes on our U.S. expansion until pricing metrics can be formulated with certainty," said James McInnes, CEO and co-founder of Odd Burger. "We are also seeing increased demand for our products in Canada, and as a Canadian Company, we want to make sure that we focus on our core market at this time."Additionally, the company added that it believes it can help other Canadian companies transition to plant-based products made in Canada and sees a significant growth opportunity in supporting the Canadian market...

Economics

7 d. ago Why fixing the housing crisis is key to mitigating economic fallout from the current tariff uncertainty 

As provincial and federal governments work to mitigate the impacts and economic uncertainty caused by the present trade dispute and resulting tariffs, there are three factors that they need to keep in mind.  First, the GTA desperately needs more housing. Second, building more housing for Canadians creates domestic jobs, economic activity and supports industries from […]

Economics

7 d. ago Bank of Canada signals shift in how it sets rates amid tariff uncertainty

OTTAWA — The head of the Bank of Canada has signalled a shift in how the central bank sets its benchmark interest rate at a time when tariff uncertainty with the United States has made long-term forecasting much more difficult.  Governor Tiff Macklem was in Calgary on Thursday speaking to the city’s economic development group.  […]

Economics

7 d. ago Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news

LONDON (AP) — The Bank of England is set to keep U.K. interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The nine-member Monetary Policy Committee is expected to keep the bank’s main […]

Other

9 d. ago Tariff uncertainty is affecting Canadian real estate and Ontario is hardest hit

While spring is typically the busiest time of the year to buy a home as more properties become available and competition increases, the housing market this season appears to be in a bit of a decline in Canada —and especially in Ontario — amid the ongoing trade war with the United States. According to a new report from the Canadian Real Estate Association (CREA), home sales in the country fell sharply from January to February, as many prospective home buyers chose to remain on the sidelines due to the threat of U.S. President Donald Trump's tariffs. Sales activity recorded over Canadian MLS Systems dropped 9.8 per cent month over month in February, marking the lowest level for home sales since November 2023, and the largest month-over-month decline in activity since May 2022. "The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leadin...

Economics

1 week ago Canada’s home sales fell in February amid tariff uncertainty: CREA

While most pronounced in the Greater Toronto Area, the fall in sales was fairly broad-based

Economics

1 week ago Trump Set to Meet Oil Titans on Energy Production Amid Trade War

President Donald Trump is set to meet with top oil executives at the White House next week as he charts plans to stoke domestic energy production, even as the industry grows uneasy about falling crude prices and tariff uncertainty.

Economics

2 w. ago Premier Danielle Smith ‘inclined’ to keep Alberta’s sanctions in place amid U.S. tariff uncertainty

Premier Danielle Smith has said Alberta needs to take action, but she won't curtail or impose financial payments on oil and gas shipments.

Economics

2 w. ago Canada’s unemployment rate remains steady amid tariff uncertainty

February was the first full month since the inauguration of Donald Trump, a period which has seen great uncertainty on the Canada-U.S. trade relationship.

Economics

2 w. ago European Stocks Drop as Tariff Jitters Trigger Broad Retreat

European equities retreated on Friday as the quickly-evolving tariff backdrop and uncertainty over interest rates prompted investors to lock in profits.

Economics

3 w. ago Wall Street Banks Say Markets Are Flashing Rising Recession Risk

Financial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street.

Other

3 w. ago Oil Extends Decline as Signs of Tariff Relief Spark Uncertainty

US oil pushed lower after Commerce Secretary Howard Lutnick said the Trump administration could walk back some tariffs on Mexico and Canada, injecting more uncertainty into global markets.

Economics

3 w. ago B.C. government’s budget prioritizes tariff threat and strengthens, diversifies and responds to uncertainty: United Steelworkers

VICTORIA, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) acknowledges the difficult position facing the B.C. government in its 2025 budget and applauds the thoughtful, diligent focus on priorities by Minister of Finance Brenda Bailey. U.S. President Donald Trump’s threats and the imposition of tariffs have created uncertainty for important […]

Politics

3 w. ago B.C. to table budget amid ‘uncertainty and disorder’ of Trump tariff threat

The budget and fiscal plan will be about 'setting us up to succeed' regardless of the tariff situation, Finance Minister Brenda Bailey told reporters on Monday.

Economics

4 w. ago Tax cuts, increases, tariff uncertainty highlight 2025 Alberta budget

The Alberta government's 2025/26 budget includes an income tax break for Albertans, but also increases in some other taxes and fees amid uncertainty over U.S. tariffs.

Economics

4 w. ago European Stocks Fall From Record as Trump Ramps Up Tariff Threat

European stocks fell from a record high, with declines led by automakers on renewed tariff uncertainty from the US.

Economics

4 w. ago 'Challenging': Alberta Budget 2025 to come tomorrow amid continued tariff, energy uncertainty

"It's going to be more challenging with the threat of tariffs and the uncertainty that we see," Finance Minister Nate Horner said of building Thursday's budget

Economics

4 w. ago Trudeau to meet premiers as Trump tariff uncertainty continues

Preparing for Donald Trump’s tariffs will be top of mind for Canadian government leaders as Prime Minister Justin Trudeau is set to meet the premiers on Wednesday.

Politics