13 h. ago China Shipping Loophole Closed by Trump, Raising Prices for US Consumers

Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect.

Economics

28 h. ago McDonald’s says sales keep falling as diners hit by high prices

McDonald's reports first-quarter sales declined more than expected globally, particularly in the United States as economic worries and high prices continue to pressure consumers.

Economics

42 h. ago B.C.’s rebate pause will hurt electric vehicle adoption, car dealers warn

Without the subsidy, new car dealers say B.C.'s ambitious electric vehicle mandates will be unachievable as price-conscious consumers look elsewhere.

Transport

1 week ago Loblaws says groceries are about to get more expensive in Canada again

Shoppers can expect to see grocery prices continue to rise in Canada amid U.S. President Donald Trump's tariffs, according to a new report by Loblaw Companies Limited.The retailer, which owns major grocery chains like Loblaws, No Frills and Real Canadian Superstore, released its April food inflation report on Monday, following Statistics Canada's latest Consumer Price Index release last week.StatsCan reported that the country's inflation rate rose to 2.3 per cent in March, with food inflation spiking to 3.2 per cent.Loblaw says the 25 per cent tariffs slapped on Canada continue to challenge key sectors and lower consumer confidence.When the trade war between Canada and the U.S. began in March, the grocery giant told us that shoppers would not see an immediate impact on food prices."We expect a wide range of timing depending on the type of product, the current level of inventory, and the ability to find alternatives," said a Lo...

Other

1 week ago Trump’s steel, aluminum tariff impacts start to build 1 month in

It's still not clear how much higher the tariffs will push consumer prices and translate into reduced demand, but industry insiders say the risks are building.

Economics

2 w. ago Chocolate prices remain elevated this Easter due to cocoa price spikes

This Easter, soaring cocoa prices will continue to have an effect on the price of chocolate, experts say — and consumers will likely be looking for deals to fill their baskets. Cocoa prices have risen significantly in the past couple of years as crops in key cocoa-growing countries have been hit hard by a number […]

Economics

2 w. ago Tariffs Risk Higher Costs at New US Nuclear Plant, Says Builder

US tariffs could drive up the costs for a planned nuclear power project in Michigan and result in higher electricity prices for consumers, says the South Korean firm building the plant.

Economics

2 w. ago Sale of Canadian products outpacing total sales, says Metro CEO

U.S. vendors have been working with Metro Inc. to mitigate the effect of counter tariffs on the price of consumer goods

Other

2 w. ago Trump administration says it will exclude some electronics from ’reciprocal’ tariffs

The Trump administration says electronics like smartphones and laptops will be excluded from ‘reciprocal’ tariffs, a move that could help keep prices down for popular consumer electronics that aren’t usually made in the U.S. The announcement on Friday would also benefit big tech companies like Apple and Samsung. The U.S. Customs and Border Protection said […]

Politics

3 w. ago US Consumer Sentiment Extends Plunge as Price Expectations Soar

US consumer sentiment tumbled the second-weakest reading on record while short- and long-term inflation expectations soared to multi-decade highs on growing tariff concerns.

Economics

3 w. ago US Inflation Unexpectedly Slows Down Ahead of Tariffs Impact

US inflation cooled broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price pressures.

Economics

3 w. ago U.S. egg prices continue to increase despite bird flu outbreak slowing

U.S. egg prices increased again last month to reach a new record-high of $6.23 despite a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on eggs should not anticipate immediate relief. Demand for eggs is typically […]

Economics

4 w. ago Canada’s oilpatch executives replace tariff anxiety with fear of slowdown in energy demand

Crude prices plunge Thursday amid mounting concern about a broader slowdown in consumption

Economics

last month Calgarians celebrate end of consumer carbon tax: “It’s a nice change”

Calgary drivers were happy to see a drop in fuel prices on Tuesday - as the end of the federal Consumer Carbon Tax took effect.

Economics