5 h. ago Shale Driller Diamondback Trims Output, Says US Oil Has Peaked

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, is trimming its crude production guidance amid sinking oil prices brought on by President Donald Trump’s trade war and looming OPEC supply increases.

Other

11 h. ago States sue Trump administration for blocking the development of wind energy

A coalition of state attorneys general filed a lawsuit Monday against President Donald Trump’s attempt to stop the development of wind energy. Attorneys general from 17 states and Washington, D.C., are challenging an e xecutive order Trump signed during his first day in office, pausing approvals, permits and loans for all wind energy projects both […]

Politics

15 h. ago Restaurant sales projected to contract in 2025 amid trade war with U.S., despite a strong start to the year thanks to the GST/HST holiday

Toronto, May 05, 2025 (GLOBE NEWSWIRE) — While the GST/HST holiday prevented foodservice bankruptcies and boosted sales and employment in the first two months of 2025, the tariff war has thrown the industry into uncharted waters, finds Restaurants Canada’s latest Quarterly Report. Restaurants Canada’s updated 2025 commercial foodservice sales forecast is now in negative territory. […]

Society

28 h. ago Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market

Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time when demand is challenged by the drag from the trade war.

Other

37 h. ago ‘Time to put emotions aside’: Alberta’s case against retaliatory tariffs

We’re in a trade war and agriculture is a pawn. 'Retaliating is only going to result in what we saw with China,' Alberta's agriculture minister says

Economics

60 h. ago Berkshire’s Warren Buffett Says Trade Can Be an ‘Act of War’

Berkshire Hathaway Chief Executive Officer Warren Buffett addressed US President Donald Trump’s tariff policies at the company’s annual meeting in Omaha, saying trade “should not be a weapon.”

Economics

62 h. ago Answer to a fractured economy: A northern corridor for trade, energy, and reconciliation

The ground is shifting beneath Canada. The emerging trade war with the United States — marked by tariffs, economic coercion and political brinkmanship — is forcing a long-overdue reckoning. Canada’s dependence on a single export corridor to the U.S. has made our economy vulnerable, leaving our industries exposed. A response is required, not through defensive […]

Economics

3 d. ago 'Disproportionately punish Canadians': Book industry worries about the possibility of tariffs in trade war

Thousands of Canadian authors have dreamed of the success of blockbuster Canadian author Louise Penny, whose internationally beloved Inspector Gamache books are indisputably Canadian content, set in the made-up, quirky Quebec hamlet of Three Pines. But where a Canadian story is imagined, written, agented, printed, published, and promoted for maximum international market impact — these […]

Economics

3 d. ago Mark Mobius says his fund holds 95% in cash on trade war risks

Mobius expects India to benefit, as Trump looks to reshape supply chains away from Asia’s largest economy

Economics

3 d. ago Prime Minister Carney to meet with President Trump on Tuesday

Prime Minister Mark Carney says he will travel to Washington on Tuesday to meet with U.S. President Donald Trump for the first time since the April 28 election. The two are set to discuss Trump’s trade war on Canada, and the talks could set the stage for negotiation of a new trade and security pact […]

Politics

3 d. ago Auto Workers Welcome Trump’s Tariffs – No Matter What’s Happening on Wall Street

Some auto workers like James Benson Jr. are all-in on President Donald Trump’s trade war — and they don’t mind if it causes some short-term pain for both Wall Street and Main Street.

Society

3 d. ago Asia’s Factories Suffer Major Blow as Trump’s Tariffs Hit Demand

Manufacturing activity across most of Asia contracted in April, with companies struggling with weaker demand and pausing new orders in the face of US President Donald Trump’s baseline 10% tariff.

Politics

4 d. ago Oil Renews Slide Before OPEC+ Meeting That May Agree Supply Hike

Oil declined at the end of a volatile week as traders weighed a potential supply hike from OPEC+ and the trade war’s risks to demand, against a fresh threat of US sanctions against Iranian flows.

Other

4 d. ago ‘Battle of Ontario’ has NHL fans louder, more united amid Trump attacks

The NHL 'Battle of Ontario' may provide a newfound sense of Canadian pride amid U.S. President Donald Trump's tariffs and threats of annexation.

Events

4 d. ago Trade war injects note of uncertainty into CN Rail outlook, as profits climb

MONTREAL — Canadian National Railway Co. saw a rise in both profits and uncertainty in its latest quarter as the country’s biggest railroad operator worked through a trade war set off by U.S. President Donald Trump. Despite the tariff turmoil, the company stood by its financial forecast for the year even as other companies have […]

Economics

4 d. ago Trade war injects note of uncertainty into CN Rail outlook, as profits inch up

MONTREAL — Canadian National Railway Co. saw profits rise five per cent in its latest quarter as the country’s biggest railway operator worked through a trade war set off by U.S. President Donald Trump. Despite the tariff turmoil, the company stood by its financial forecast for the year even as other companies have lowered their […]

Economics

4 d. ago Canadians searching how to move to the U.S. after federal election results

Some Canadians are expressing dissatisfaction with the federal election results, saying they want to move to the United States.Monday night saw Prime Minister Mark Carney and the Liberal Party live to see another term in Ottawa.The final election results are Liberals with 169 seats in the House of Commons, Conservatives with 144 seats, Bloc Québécois with 22 seats, NDP with seven seats, and the Green Party with one seat.Carney will continue to lead a minority government amid a trade war with the U.S. and the ongoing cost-of-living crisis in Canada.Some Canadians who are unhappy with the election results are taking to social media, threatening to move to the U.S."Thank you, Canada, for ruining every young 20-year-old's dreams. So, who's running to the states with me?" said one TikTok.The video has close to two million views and thousands of comments in agreement with the sentiment."I just don't understand how...

Politics

4 d. ago How fast could Carney rework Canada’s supply chains amid trade war?

The U.S. trade war has forced Canada to rethink how it trades goods and services within the country as well as internationally, which comes with significant challenges.

Economics

4 d. ago CPABC: Incentivizing growth in B.C. a top priority as trade war kicks off

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) — The Chartered Professional Accountants of British Columbia (CPABC) released BC Check-Up: Invest, an annual report on investment trends across the province. The report highlights some of the challenges facing B.C.’s economy amidst an on-going trade war with the United States. “’The B.C. economy experienced slower growth […]

Economics

4 d. ago ‘Save Santa’s supply chain’: Spin Master to reduce China production due to tariffs

TORONTO — Canadian toy manufacturer Spin Master Corp. is pleading to “save Santa’s supply chain” in the wake of U.S. President Donald Trump’s tariffs. The company announced Wednesday it was withdrawing its guidance for the remainder of the year due to “meaningful uncertainty” caused by Trump’s global trade war. It said that tariffs on countries […]

Economics