2 h. ago Cold shoulder from Canada is costly for American distillers struggling with global trade tensions

American distillers have gotten a costly cold shoulder from Canada, where their exports plunged 85% earlier this year — topping broad declines in key international markets amid global trade tensions, a spirits industry group said Monday. Even a thaw in trade relations may not shake this hangover right away. “Even though things have eased up, […]

Economics

5 d. ago Prolonged drought stunts the renowned wild blueberry crop in the Maritimes

HALIFAX — This summer’s prolonged drought across Atlantic Canada has had a costly impact on wild blueberry growers in New Brunswick and Nova Scotia. Donald Arseneault, general manager of the NB Blueberries industry group, says that as this year’s harvest was wrapping up, the total yield was believed to be 70 per cent less than […]

Other

5 d. ago Prolonged drought stunts renowned wild blueberry crop in Maritimes

HALIFAX — This summer’s prolonged drought across Atlantic Canada has had a costly impact on wild blueberry growers in New Brunswick and Nova Scotia. Donald Arseneault, general manager of the N.B. Blueberries industry group, says that as this year’s harvest was wrapping up, the total yield was 70% less than the previous three-year average. He […]

Other

1 week ago Canada Post workers on strike and here's what you need to know

Canada Post workers are now on strike following the government's announcement of major cost-cutting measures.The Canada Post strike is in protest of the government's decision to implement sweeping changes to the Crown corporation. Minister Joël Lightbound outlined these changes during a press conference on Sept. 25.On the same day, Jan Simpson, national president of the Canadian Union of Postal Workers (CUPW), released a statement saying that Lightbound gave "no indication" that he would announce these changes after meeting with the union last week."The minister said he had the 'utmost respect' for postal workers. This is no way to show it," said Simpson.Changes coming to Canada PostLightbound stated that to cut costs, Canada Post will be transitioning to community mailboxes by converting four million addresses and closing rural post offices. Canada Post will also be able to adjust its delivery standards and raise stamp rates more freque...

Society

1 week ago Mexico’s Central Bank Trims Interest Rate to 7.50%, Continuing Easing Cycle

Mexico’s central bank stuck to a slower pace of monetary easing by cutting its benchmark interest rate by a quarter point, as economic growth remains sluggish and trade tensions with the US persist.

Sport

1 week ago ‘Insolvent’ Canada Post to ease deliveries to save on costs, minister says

Joël Lightbound: 'The situation is clear: Canada Post is insolvent'

Politics

1 week ago Air Canada cuts outlook after cabin crew strike cost $375 million

The company now expects to earn between $2.9 billion and $3.1 billion

Economics

1 week ago John Ivison: Canada will have to dance with China, but at what cost to the auto industry?

All the signs point to Ottawa offering the Chinese some form of relief on EV tariffs, in exchange for lifting levies on canola, pork and seafood

Economics

1 week ago U.S. stocks resist S&P 500 drops of 2% or more in best run in over a year

Trade tensions, slowing growth and frothy valuations haven't stopped the torrid rally to hit record after record

Economics

1 week ago Canadians can get money from the government 3 different ways this week

September is almost over, yet some Canadians are still eligible to receive money from the government in the form of pensions.In the next few days, Canadians will receive money from the government through pensions such as the Canada Pension Plan, the Old Age Security Pension, and the Veteran Disability Pension.As affordability remains a concern, federal support and benefits are more crucial than ever. According to recent data from Statistics Canada, as of August, the cost of shelter has increased by 2.6 per cent since last year. And if you're still feeling the pinch at the checkout aisle, you're not imagining it — the cost of groceries went up by 3.5 per cent since last year.Be sure to find out if you qualify for these government benefits and review their eligibility requirements.Canada Pension Plan (CPP) — Sept. 25The Canada Pension Plan (CPP) is a monthly taxable benefit that replaces part of the income of eligible Canadians once they retire, providing...

Politics

2 w. ago Restaurants struggle as more Canadians look for value, dine out less: report

TORONTO — A new report shows restaurants are under pressure as consumers steer away from dining out, while rising operational costs squeeze profit margins. A new Restaurants Canada report finds three in four Canadians are eating out less, often because of the high cost of living. That share is even higher among those aged 18 […]

Other

2 w. ago Canada not ‘constructive’ in efforts to secure U.S. trade deal, envoy says

Pete Hoekstra said the phrase 'elbows up,' is 'anti-American' and took issue with the phrase 'trade war' to describe the economic tension.

Economics

2 w. ago Canada Post says it is sending new offer to the union for postal workers

Canada Post said the union’s August offer 'added significant new costs and restrictions at a challenging time for the Corporation.'

Society

2 w. ago Dollarama dubbed ‘Canada’s Costco’ by U.S. financial analyst

Dollarama Inc., the Canadian discount retailer whose shares have surged 35% this year, earned high praise — and a moniker that’ll be tough to live up to — from Bernstein analyst Zhihan Ma. She called the company “Canada’s Costco” in a note to clients that kicked off coverage with a bullish outperform rating. U.S.-based Costco […]

Economics

2 w. ago Dollarama Dubbed ‘Canada’s Costco’ as Bernstein Rates Outperform

Dollarama Inc., the Canadian discount retailer whose shares have surged 35% this year, earned high praise — and a moniker that’ll be tough to live up to — from Bernstein analyst Zhihan Ma.

Economics

3 w. ago There are 4 places in the GTA that cost more to live in than Toronto

When it comes to the cost of living in Canada, Toronto often takes the spotlight as one of the priciest places to call home. With its bustling downtown core, soaring condo prices, and ever-rising rent, it's no surprise many assume it tops the charts for affordability challenges, but this isn't quite the case. One would be forgiven for thinking that Toronto is the most expensive city in the Greater Toronto Area (GTA), but other cities in the region regularly top the 416 in average cost of living. A recent MoneySense report reveals four cities that surpass Toronto among the most expensive places to live in the GTA, and a couple of them don't come as a huge surprise to anyone paying attention to regional home prices and the increase in living costs. Richmond HillAn aerial view of a residential street in Richmond Hill. Photo by liran finzi sokolovski/Shutterstock. According to the report, Richmond Hill leads the pack amo...

Economics

3 w. ago EU Lawmakers Seek Tweaks to US Trade Deal, Risking Trump Detente

The European Parliament is pressing for changes to a controversial EU-US trade deal reached this summer, raising the risk of fresh tensions just as Brussels seeks to stabilize relations strained under President Donald Trump.

Economics

3 w. ago China Says Trade Tensions, Pandemic Made Emissions Cuts Tough

China has experienced challenges in reducing carbon emissions intensity, one of the key climate goals set out in the 14th five-year plan, citing factors including trade tensions, weather and the Covid-19 pandemic.

Society

3 w. ago Gen Z workers are Canada’s biggest savers, but it may come at cost of home ownership, study finds

Higher savings rate likely due to lower expenditures on housing

Society

3 w. ago AI could help manufacturers offset tariff costs, depending on implementation: experts

Manufacturing experts say there are specific ways integrating AI into the sector can help reduce costs and improve margins in the face of trade tensions, but note it won’t be a silver bullet. “When the U.S. charges a 25 per cent tariff, if you can drop the supply price by, let’s say 20 per cent […]

Economics