23 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

49 h. ago Colby Cosh: Trump abandons consumer abundance for a surprise austerity agenda

The president's tariff war shrank the economy — and now, he's telling Americans to be happy with less

Other

3 d. ago The London area rounds out the top five of cities with the most job losses in the province with automotive and manufacturing sectors at the top of the hit list for the greatest impact, states a study

Ontario's southwest will bear the brunt of the tariff war between Canada and the U.S., with the London region projected to lose 11,500 jobs, a new Ontario report says.

Economics

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

6 d. ago HILL and LI: Texas outperforms Alberta on personal income tax competitiveness

Amid the ongoing tariff war, it’s more important than ever that the Alberta economy is competitive on all fronts — including taxes. Unfortunately, on personal income tax rates, Alberta is woefully uncompetitive compared to other energy-producing jurisdictions, including Texas. As recently as 2014, Alberta had a single 10% personal income tax rate. As a result, […]

Economics

6 d. ago ‘A time of fog of war:’ Shifting tariff plans on auto parts causing confusion in industry

U.S. President Donald Trump is reportedly expected to end tariff 'stacking'

Economics

7 d. ago Tariff war draws investment warning from $160 billion novo fund

(Bloomberg) — The $160 billion fund behind Ozempic-maker Novo Nordisk A/S says President Donald Trump’s tariff war has created so much economic uncertainty that it now sees little likelihood it will move ahead with any big investments. “Until there is more clarity on the prospects for economic growth, we will slow down our investment activities,” […]

Economics

8 d. ago The $160 Billion Fund Behind Novo Nordisk Puts Investing on Hold

The $160 billion fund behind Ozempic-maker Novo Nordisk A/S says President Donald Trump’s tariff war has created so much economic uncertainty that it now sees little likelihood it will move ahead with any big investments.

Economics

1 week ago ETF Frenzy for Retail Daredevils Goes On Despite Market Turmoil

Wild market gyrations fueled by Donald Trump’s tariff war aren’t stopping issuers from rolling out a fresh crop of exchange-traded funds — many aimed squarely at investors with a taste for speculation.

Other

1 week ago Canada Trucking Firm TFI Hit by Tariff War, Walks Away From Deal

TFI International Inc., one of North America’s largest trucking companies, says US President Donald Trump’s trade war is exacerbating the freight industry’s difficult outlook, and that it was forced to abandon a deal because of it.

Economics

2 w. ago GE Aerospace Keeps Outlook in Bet Demand Overcomes Trade Worries

General Electric Co. reaffirmed its full-year financial outlook as first-quarter profit came in better than expected, shrugging off the uncertainty that President Donald Trump’s tariff war has created across much of corporate America.

Economics

2 w. ago Posthaste: Trump’s tariff war threatens to expose cracks in the global economy

Expect inflation, interest rates and deficits to rise, say economists

Economics

2 w. ago The Conference Board of Canada in its recent Major City Insights report, states the London and region economy will grow by 1.7 per cent this year, after growing 1.9 per cent in 2024.

A leading financial agency is forecasting solid economic growth for London, defying fears of a downturn amid a trade and tariff war between the U.S, and Canada. The Conference Board of Canada in its recent major city insights report, predicts the London and region economy will grow by 1.7 per cent this year, after growing […]

Politics

2 w. ago Trump Trade War Sparks Run on US Warehouses With Tariff Loophole

US importers looking to sidestep Trump administration tariffs are desperately seeking space in a type of warehouse that lets them stash merchandise for as long as five years without paying duties.

Economics

3 w. ago ‘We should be fine’: Impact of U.S. tariffs not a major worry for new Flames arena

CALGARY — It’s three floors down and nowhere to go but up for the new $900-million arena for the NHL’s Calgary Flames, even with the ongoing tariff war with the United States. The building — to be named Scotia Place — is being built in the shadow of the Saddledome and its iconic saddle-shaped concave […]

Politics

3 w. ago China’s Xi says there are ‘no winners’ in a tariff war as he visits Southeast Asia

HANOI, Vietnam (AP) — China’s leader Xi Jinping started a week of diplomacy in Southeast Asia with a visit to Vietnam on Monday, signaling China’ s commitment to global trade, just after U.S. President Donald Trump upended the global economy with his latest tariffs moves. Although Trump has paused some tariffs, China was the outlier, […]

Economics

3 w. ago HANSON: Here are 10 tariff questions that are not being asked

1. Is this President Donald Trump’s so-called “trade war?” Many call the American effort to obtain either tariff parity or a reduction in the roughly $1-trillion trade deficit and 50 years of consecutive trade deficits a “trade war.” But then what do they call the policies of the past half-century by Europe, Asia, China and […]

Economics

3 w. ago CGTN: China’s silver screen pivot: Why U.S. tariff policy is to blame

CGTN published an article on how China’s new film partnership with Spain contrasts with its cuts to U.S. film imports, exposing the self-defeating impact of America’s tariff war – jeopardizing Hollywood’s most lucrative foreign market and undermining the country’s broader services trade dominance. BEIJING, April 13, 2025 (GLOBE NEWSWIRE) — During Spanish Prime Minister Pedro […]

Economics

3 w. ago GOLDSTEIN: Reckless Liberal spending compromised our ability to fight tariff war

One of the only alternatives the federal government has left to fight Trump's tariffs is to raise taxes

Economics