66 m. ago US inflation cools and Americans step up spending as they brace for tariff impact

WASHINGTON (AP) — A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented. At the same time, consumers accelerated their spending, particularly on cars, likely in an effort to get ahead of the duties. Wednesday’s report from the Commerce Department […]

Economics

1 hour ago U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs. The January-March […]

Economics

3 h. ago Accused Alberta Avenue arsonist allegedly worked for notorious landlord later killed in shooting, trial told

A man facing trial for a series of arsons in central Edmonton allegedly lit the fires on the orders of a notorious landlord who was later gunned down in an assassination-style slaying, court has heard. Court of King’s Bench Justice Nathan Whitling issued a decision Friday on a pair of search warrants in the trial […]

Events

3 h. ago Tariff impact grows as companies’ steps to soften blow fades: Deloitte

Deloitte Canada's chief economist says a modest downturn is ahead for Canada, while a loss of free-trade access to the United States would create a more permanent hit.

Economics

4 h. 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

5 h. ago Wednesday's letters: U.S. annexation wasn't a real election issue

In electing Mr. Carney and his Liberal Party to a fourth term, albeit with another minority government, Canadians have allowed Donald Trump to tell them how to vote. Trump played the 51st state card perfectly, raising the spectre of U.S. annexation of Canada and thus making the entire Canadian election about a threat that didn’t […]

Politics

7 h. ago Germany and France Return to Growth But Tariff Pain Yet to Hit

The German and French economies returned to growth at the start of the year but face more challenging times ahead as the damage from US trade levies is fully felt.

Economics

8 h. ago Stellantis Posts Sales Slump, Suspends 2025 Guidance on Tariffs

Stellantis NV posted weaker sales on slumping demand in North America, while suspending its financial guidance for the year on uncertainty tied to President Donald Trump’s auto tariffs.

Economics

9 h. ago Stocks Are Mixed in Buildup to Big Tech Earnings: Markets Wrap

European stocks rose, while US futures slipped as tariff turmoil threw up a mixed impact on company earnings and as investors looked ahead to key US economic data.

Economics

12 h. ago LG Energy Cuts Spending on Grim Outlook, Despite Profit Jump

LG Energy Solution Ltd. reported first-quarter profit that exceeded analyst expectations, helped by stronger-than-expected demand from the US and favorable exchange rates.

Other

12 h. ago Chinese Solar Losses Deepen Even Before Worst of Trump Tariffs

Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports threaten to compound domestic oversupply.

Economics

14 h. ago Oil Set for Historic April Selloff as Trade War Darkens Outlook

Oil headed for the worst April performance on record on signs that the US-led trade war is hurting economic growth and energy demand, and as an industry group flagged a rise in crude stockpiles.

Economics

14 h. ago Greens' Elizabeth May proves pundits wrong, hangs onto Saanich

Some pundits felt the Greens were vulnerable as the climate issues took a back seat to trade issues and the economy.

Other

15 h. ago 'A time of reckoning': Federal NDP collapse raises key questions about future of party

Fear of U.S. President Donald Trump and a shift away from the NDP's traditional working-class base were key factors in the party's downfall. What happens now?

Culture

15 h. ago Hamilton Mayor Horwath hospitalized after accident, office says

HAMILTON — The office of Hamilton Mayor Andrea Horwath says she has been hospitalized after being injured in an accident. A statement issued late Tuesday says Horwath is awaiting surgery and may need to take a “short medical leave” to focus on rest and recovery. It does not specify the nature of her injury or […]

Events

15 h. ago Trump Bashes Powell, Touts Tariffs at 100 Day Rally in Michigan

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during an event on Tuesday to mark his 100th day in office.

Economics

15 h. ago Trump Bashes Powell, Touts Tariffs at Rally Marking 100 Days

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.

Economics

16 h. ago Automakers get some relief on 25% tariffs as Trump signs new executive order

'We just wanted to help them endure this little transition, short term if they can’t get parts we didn’t want to penalize them'

Economics

17 h. ago Amazon denies plan to display U.S. tariff costs after White House criticism

The Trump administration’s reaction appeared to be based on a misinterpretation of internal plans being considered by Amazon, rather than a final decision made by the company.

Economics

20 h. ago Woman found in critical condition hours after release from Port Hardy police cells

Independent investigators are trying to determine if police actions or inactions were a factor in the woman's medical distress

Events