28 h. ago U.S. wholesalers saw higher costs than expected in July amid tariffs

U.S. producer inflation increased more than expected in July, signalling President Donald Trump's tariff policies are leading to higher prices, and consumers could be hit next.

Economics

3 d. ago US Core CPI Picks Up on Services; Goods Inflation More Subdued

Underlying US inflation accelerated in July by the most since the start of the year, though a tepid rise in the costs of goods tempered concerns about tariff-driven price pressures.

Economics

3 d. ago New Korean spot in Toronto is such a hit that it's had to impose a daily customer limit

A recently opened Korean restaurant in Toronto has gotten so popular so quickly that they’re already having to turn guests away.North York's Nakwon Kisa Restaurant at 4895 Yonge Street is so new to the neighbourhood that you may not have even known it was there. For those in the know, however, it's already become one of the city's hottest (and hardest to get) meals in the short month that it's been open.The latest location in a three-and-a-half restaurant chain called Nakwon, which also has haunts in Markham, North York, and Richmond Hill, Nakwon Kisa is not only a new concept for the chain, but quite possibly also its most popular.While the elder three locations operate as full-service Korean restaurants replete with bibimbap, pork bone soup, all-you-can-eat Korean barbecue and hot plate offerings, Nakwon Kisa is something of an outlier.Inspired by quick-service gisa sikdang restaurants in Korea, Nikwan Kisa serves up a ...

Economics

3 d. ago Calgary coffee costs: Are tariffs hitting your daily cup of joe?

What is affecting coffee prices and coffee bean sourcing

Economics

3 d. ago Upscale Toronto restaurant lowers menu prices amid economic pressures

A Toronto restaurant known for its elevated dining offerings is slashing its prices to better fit customers' shrinking budgets.For many Toronto residents, their wallets are feeling increasingly light amid skyrocketing inflation, cost of living, and tariffs. No matter what your job pays you, you're likely feeling the pinch these days, and often, a shrinking budget means that eating out at restaurants is among the first expenses on the chopping block.It's a reality that former Top Chef Canada winner and current owner of the Financial District's Richmond Station, Carl Heinrich, knows all too well.For the past 13 years, Richmond Station has stood as a neighbourhood staple at 1 Richmond St. W, emphatic in its assertion that it isn't a fine dining restaurant, per se, but rather a restaurant that cooks and serves its food properly. It's an undeniably upscale restaurant, with dinner entrées in the $30 to $50 ra...

Economics

7 d. ago Calgary’s Scotia Place arena project continues to dodge costly tariff consequences

The bigger unknown is how Canada may react to the latest increase in tariffs, which took effect last week

Economics

8 d. ago Trump says he plans to put 100% tariff on computer chips, likely pushing up cost of electronics

WASHINGTON — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. “We’ll be putting a tariff on of approximately 100% on chips and semiconductors,” Trump said in the Oval Office while […]

Economics

8 d. ago Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics

WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. “We’ll be putting a tariff on of approximately 100% on chips and semiconductors,” Trump said in the Oval Office […]

Economics

9 d. ago Thai Consumer Prices Fall Most in 17 Months Before Rate Meeting

Thailand’s consumer price index fell the most since early 2024 as energy costs remained subdued and utility tariffs dropped, providing the central bank more room to weigh monetary easing at its meeting next week.

Economics

1 week ago LeBlanc says tariff talks with U.S. ‘constructive’ but deal out of reach

Dominic LeBlanc says U.S.-Canada tariff talks are 'constructive' but unresolved, urging a deal to cut costs and protect integrated industries like autos and steel.

Economics

4 w. ago Porsche Plans More Cost Cuts To Counter Tariffs, China Slump

Porsche AG warned its employees to brace for further cost reductions as the luxury-car maker seeks ways to offset declining sales in China and the escalating cost of US tariffs.

Economics

4 w. ago Alcoa Says Trump Tariff Added $115 Million in Aluminum Costs

Alcoa Corp., the largest US aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the industry.

Economics

last month How Canada’s oil sands transformed into one of North America’s lowest

As world oil prices continue their wild ride, energy experts say technology and cost-cutting have made Canadian oil sands amongst the lowest cost producers of oil in North America.

Other

last month Rio Says Trump Tariffs Added $300 Million in Costs for Aluminum

Mining giant Rio Tinto Group said US tariffs on its Canada-made aluminum generated gross costs of more than $300 million in the first half, in another sign of how President Donald Trump’s trade agenda is shaking up metals supply chains.

Economics