14 h. ago Canadians pare their spending for second straight month amid trade turmoil

First back-to-back declines in two years points to mounting pressures from the U.S. trade war

Economics

1 week ago Ontario's trade war retaliation will drive up U.S. electricity bills by $100 per month

Ontario Premier Doug Ford has just taken another bold step in Canada's counter-attack in the face of the steep tariffs U.S. President Donald Trump enacted on goods imported from the north last week.On Monday, Ford and his minister of energy and electrification formally introduced a new 25 per cent surcharge on all electricity the province sends south of the border, which will add approximately $100 to the monthly power bills of some 1.5 million residents in neighbouring New York, Michigan and Minnesota, effective immediately.It's a measure that the premier has been threatening since Trump started mounting his tariff actions in earnest in recent weeks, turning the blustering prattle the former reality TV star is notorious for into serious, debilitating action against his nation's closest ally.Ford added in his press conference about the new surcharge this morning that he will escalate restrictions on Ontario-produced energy further if...

Economics

2 w. ago Bank of Canada interest rate change is coming next week and here's what to expect

The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025's first update in January.At the time, 25 per cent tariffs from the U.S. were a threat, and expert speculation took them into account.The tariffs became a reality earlier this week. Days into tariffs taking effect, U.S. officials hinted at pausing tariffs for another month and removing certain agricultural products from the list of tariffed items.On Thursday afternoon, U.S. President Donald Trump partially reversed sweeping tariffs on some items for another month. The White House said goods compliant with the North American trade agreement will be exempt until April 2.Overall, there is growing uncertainty, and tariffs remain a swinging pendulum.This year's second BoC interest rate update is scheduled for Wednesday, March 12. This time, industry experts have more tariff-related concerns, including the U.S.'s game of will-they-won't-they. Once again, many predict a consecut...

Other

2 w. ago Howard Lutnick tells CNBC more tariffs exemptions likely coming soon

One-month exemption likely for goods and services covered by USMCA trade deal

Economics

2 w. ago Mets have spent more in 4 years than Marlins, Pirates and Rays have over the past 21

The New York Mets led the major leagues in spending for the third straight season in 2024 and have totaled $1.36 billion in payroll and luxury tax over four years under owner Steve Cohen, exceeding what the Marlins, Pirates and Rays each have spent on players in the past 21 seasons. The Mets established a […]

Other

3 w. ago It’s been a month since rebels seized an eastern Congo city. Goma residents say they are struggling

GOMA, Congo (AP) — Rwanda-backed rebels captured a key eastern Congo city a month ago Friday. Residents in Goma, which was once a critical trade and humanitarian hub, say they are struggling on various fronts even as the rebels try to consolidate their administration and restart normal life. On the streets of Goma, which is […]

Other

3 w. ago Europe Gas Ends Month With Biggest Loss in Year and Record Trade

European natural gas is ending February with the biggest decline in a year and record trading volumes as market players adjust their outlooks after a tumultuous month.

Economics