WASHINGTON — The U.S. State Department has approved the possible sale of M142 High Mobility Artillery Rocket Systems and related equipment to Canada. A news release from the Defense Security Cooperation Agency, part of the U.S. Department of Defense, estimates the cost of the sale at US$1.75 billion and says the principal contractor is Lockheed […] Culture
OTTAWA — Automakers are warning they could be on the hook for billions of dollars in credit purchases if Canada’s electric vehicle mandate is enforced as written, and sales don’t ramp up. Speaking to a Parliamentary committee on Thursday, the head of the Canadian organization representing Ford, General Motors and Stellantis said automakers already have […] Other
OTTAWA — Statistics Canada says retail sales fell 0.8 per cent to $69.6 billion in July as shoppers spent less at supermarkets and grocery stores. However, the agency said its advance estimate for August pointed to an increase of 1.0 per cent for overall retail sales for that month though it cautioned the figure would […] Economics
New data out from Statistics Canada shows new vehicle sales overall increased nearly seven per cent in July, but zero-emissions options continue to see sharp drops. Transport
A rise in manufacturing sales in July could indicate early signs of a recovery after the sector was hit hard by tariffs, one economist says. Statistics Canada reported on Monday that manufacturing sales rose 2.5 per cent to $70.3 billion in July, helped by strength in the transportation equipment subsector. Sales of transportation equipment rose […] Economics
LAX KW’ALAAMS, British Columbia, Sept. 15, 2025 (GLOBE NEWSWIRE) — Mayor Garry Reece announced today that the Lax Kw’alaams Band has commenced a claim in federal court seeking redress for historical fiduciary breaches by Canada in respect of the sale of reserve lands to the Grand Trunk Railway Company. Lax Kw’alaams seeks to rescind a […] Other
OTTAWA — Statistics Canada says manufacturing sales rose 2.5 per cent to $70.3 billion in July, helped by strength in the transportation equipment subsector. The agency says sales of transportation equipment rose 8.6 per cent to $11.4 billion, boosted by an 11.4 per cent increase in sales of motor vehicles and a 7.2 per cent […] Economics
Canadian home sales rose for a fifth straight month as a buildup of listings lured buyers back to the market. Other
Drop in EV sales in second quarter attributed to the end of several government rebate programs Other
Prime Minister Mark Carney was right to kill his government’s mandate that 20% of all new car sales in Canada had to be zero emissions vehicles starting next year – current sales are less than half that – but that’s just the tip of the iceberg of the problem. The bigger problem is that, according […] Economics