15 h. ago Europe Car Sales Rebound as UK Demand Boosts Battered Industry

European car sales returned to growth last month for the first time since December, with gains in the UK and robust demand for electric vehicles making up for weaker sales in Germany and France.

Economics

52 h. ago Canada, U.S. stock markets rally as economic uncertainty persists

The only prediction many Wall Street strategists are willing to make is that financial markets will continue to jerk up and down as hopes rise and fall over Trump's trade policies.

Economics

3 d. ago Federal election fact check: Conservatives say housing starts fell under Liberals

The fine print in a Tory graphic shows the figures only cover housing starts from January to March 2025, which industry observers note is a result of economic uncertainty caused by a global trade war started by the U.S.

Politics

6 d. ago Toronto cafe asks the public for help with paying its rising bills

A Filipino cafe in Toronto that is known for its bubble teas, colourful ube desserts, and variety of other unique handcrafted sips and eats has, like other small businesses in the city lately, issued an appeal to the community for help staying afloat.Teako, which started as an online loose leaf tea retailer, opened its location at the corner of Gerrard and Greenwood in summer 2023, managing to dodge the devastating forced lockdowns of the COVID era that some indie spots are still financially recovering from.But, the present economic uncertainty and ongoing cost of living crisis — which is certainly not limited to the city, province, or even country, but is more acute in already-expensive places like Toronto — has brought about its own set of issues, as it has for all of us.Rising operating costs and slower traffic (because who isn't trying to save as much cash as possible and avoid going out right now)&...

Other

7 d. ago WestJet walks back plans to hire temporary foreign workers as pilots

WestJet won't be hiring temporary foreign workers as pilots, the company said Thursday, citing "economic uncertainty"

Transport

7 d. ago WestJet halts bid to hire temporary foreign workers as pilots

WestJet says it’s walking back its bid to put temporary foreign workers in the cockpit. Spokesperson Julia Kaiser says in an email the airline it is halting its hunt for recruits at regional subsidiary WestJet Encore due to “economic uncertainty.” Air Line Pilots Association Canada president Tim Perry says the company has agreed to withdraw […]

Transport

8 d. ago Bank of Canada holds key rate steady amid trade war, economic uncertainty

OTTAWA — The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy.  The central bank held its policy rate steady at 2.75 per cent, the first time it has left the key rate unchanged […]

Economics

9 d. ago CREA downgrades housing market forecasts due to tariffs, economic uncertainty

Total Canadian sales fell 9.3% year-over-year in March on a non-seasonally adjusted basis

Economics

9 d. ago Here's how much home prices in Canada are expected to drop in 2025

Following an uptick in home prices in 2024, British Columbia could be among the parts of Canada to see a potential decline in housing prices in 2025.According to a recent forecast by TD Bank's economists, average home prices in B.C. will fall by 4.1 per cent in 2025, before rising by 2.7 per cent in 2026. This comes after a 1.7 per cent increase in home prices in 2024.This will be the country's second-largest dip in home prices, following the forecast for Ontario: a decrease of 6.4 per cent in 2025, and a subsequent increase of 2.2 per cent in 2026. Last year, home prices in Ontario went up marginally, by 0.3 per cent.As for the number of home sales in B.C., the volume of transactions is expected to decrease by 0.8 per cent, before rallying by a staggering 14.7 per cent in 2026. Similarly, Ontario will see a 7.6 per cent drop in home sales in 2025, followed by a 16.9 per cent increase in 2026, the bank's experts say."This reflects muted demand conditions in both [B.C. and Ontar...

Economics

1 week ago MNP Consumer Debt Index Rebounds (+9 Pts) as Canadians Take Steps to Safeguard their Finances Amid Economic Uncertainty

Three-Quarters of Canadians Have Cut Spending (74%) or Postponed Major Purchases (73%), Signaling a Broader Shift Toward Financial Caution    CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) — As Canadians take steps to safeguard their finances amid ongoing economic uncertainty, the MNP Consumer Debt Index—conducted quarterly by Ipsos—has rebounded to 88 points this quarter, marking […]

Economics

1 week ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

Other

1 week ago Spain’s prime minister visits China to strengthen ties with Trump’s top tariff target

MADRID (AP) — Spain’s Prime Minister Pedro Sanchez is visiting China on Friday, his third trip to the country in two years as his government seeks to boost investment from the Asian giant amid global economic uncertainty caused by a chaotic U.S. tariff policy. Sanchez met with Chinese President Xi Jinping and was expected to […]

Politics

2 w. ago Mexican Central Bank Says US Trade Tariffs Can Undercut Economic Growth Outlook

Mexico central bank members see odds of a weaker economy this year due in part to US tariff uncertainty, an outlook that incorporates greater chances of recession but can help tame inflation.

Economics

2 w. ago Trump pauses tariffs on 75 countries for 90 days, raises China rate to 125%

The pause was announced hours after his global tariff policy took effect, capping a chaotic week for global financial markets and uncertainty about the world economy.

Economics

2 w. ago Trump pauses 75 countries’ ‘reciprocal’ tariffs, raises China rate to 125%

The pause was announced hours after his global tariff policy took effect, capping a chaotic week for global financial markets and uncertainty about the world economy.

Economics

2 w. ago Australia Treasurer Calls Emergency Meeting on Trump Tariffs

Treasurer Jim Chalmers will meet with Australia’s top economic figures in the face of growing global uncertainty sparked by US President Donald Trump’s reciprocal tariffs regime. This follows similar meetings late Tuesday with the heads of Australia’s big banks and super funds.

Economics

2 w. ago A 'milestone' or 'the wrong optic'? Burnaby votes to fund trip to sister city in Japan

Visits between the sister cities have happened several times in the past. But the current economic uncertainty in Canada has led to a split on Burnaby city council.

Events

2 w. ago Moringa Magic Reviews (2025 WARNING): What Buyers Discovered About Its Energy, Immunity & Weight Loss Benefits Will Shock You

RALEIGH, N.C., April 07, 2025 (GLOBE NEWSWIRE) — In a health market flooded with overhyped wellness fads and questionable herbal blends, Moringa Magic is exploding in popularity—and not just because of the hype. Real users are now claiming everything from drastic energy improvements to rapid fat loss and even complete digestive resets, all without extreme […]

Sport

2 w. ago Ontario defers tax collection for businesses amid Trump tariff fallout

With the ongoing economic uncertainty created by Donald Trump’s tariffs, the Ontario government says it is deferring a number of taxes for businesses.

Economics

2 w. ago What is B.C.'s energy future? Liberals, Conservatives 'offer two different visions'

As U.S. President Donald Trump sows economic uncertainty with tariffs, the issue of how Canada develops its energy sector is particularly relevant in this Canadian election

Other