27 h. ago Trade war with China could have devastating impact on Canadian canola farmers

Canada's agriculture industry is calling on Ottawa for help after China announced Tuesday it is imposing a tariff of 75.8 per cent on Canadian canola imports.

Economics

35 h. ago Buyers are getting homes for way under asking price across these GTA neighbourhoods

Home sales are slowly starting to pick up again in and around Toronto, which has seen an extended period of real estate turmoil while buyers wait to see what comes of the trade war with the U.S. and the economic recession.Sick of standing by for a better time that may never come, more homeowner hopefuls waded into the market in July, which had the largest uptick in transaction volumes of any July since 2021.Part of what helped this was softer prices, especially in the condo sector, where the standard unit now sells for 9.3 per cent less than it was a year ago.Meanwhile, the average sales price across housing types in the region has fallen 5.5 per cent over the same period, in part due to bidders successfully offering less than the asking price to desperate sellers whose properties are sitting up for grabs for far longer than ever.Toronto-based real estate agency Wahi regularly assesses where and to what degree houses and condos in the region are go...

Economics

44 h. ago China Urges Firms Not to Use Nvidia H20 Chips In New Guidance

China has urged local companies to avoid using Nvidia Corp.’s H20 processors, particularly for government-related purposes, complicating the chipmaker’s attempts to recoup billions in lost China revenue as well as the Trump administration’s unprecedented push to turn those sales into a US government windfall.

Economics

54 h. ago How prices for staple grocery items have fluctuated in Canada so far this year

The price of groceries in Canada remains a source of concern for many households, as the cost of daily essentials continues to strain budgets.The rising price of groceries is a very real worry for many shoppers in Canada, according to a new report by PwC stating that 76 per cent of Canadians worry about the rising cost of food — much higher than the global average of 59 per cent.And Canadians are worried for good reason, as prices constantly fluctuate.Grocery giant Loblaw recently published its July food inflation report, which states that food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.And, in addition to inflation, the tumultuous U.S.-Canada trade war continues to loom over shoppers' wallets.Using Statistics Canada's Average Retail Food Prices Data Visualization Tool, we ...

Economics

57 h. ago Canadians returning from U.S. drops for 7th straight month: StatCan

The preliminary number of Canadian returns by air and land from the U.S. saw steep declines in July compared to a year prior as the trade war between the two countries continues.

Other

58 h. ago Trump’s Trade War With China Threatens These Key Green Technologies

Batteries and products that rely on rare earth minerals are among the most at-risk if the trade war escalates.

Economics

4 d. ago Canada faring ‘pretty good’ in Trump’s tariff war, except for this sector

Watch FP Video for updates on Donald Trump's trade war and Toronto's housing market

Economics

5 d. ago Canada in better shape than most in Trump’s tariff war, says trade lawyer

Watch Mark Warner on where Canada stands in the trade war and what could lie ahead

Economics

5 d. ago The redcoats are coming — but this time the Americans invited them

One expert on the War of 1812 suspects the American Bar Association is making a 'statement to maybe twist Trump’s nose' about the ongoing trade war

Other

6 d. ago Ford calls Trump ‘probably the most disliked politician in the world’

Doug Ford made the comments about Donald Trump on CNN Thursday morning, where the Ontario premier was asked about Canada's response to tariffs.

Politics

7 d. ago Carney meeting with cabinet, premiers to discuss latest U.S. tariffs

OTTAWA — Prime Minister Mark Carney is holding virtual meetings with his cabinet and the premiers today, less than a week after U.S. President Donald Trump hit Canada with a baseline 35 per cent tariff.  This latest trade war escalation applies only to goods not covered by the Canada-United States-Mexico agreement on free trade, better […]

Economics

7 d. ago Toronto Home Sales Rise Most Since October as Economy Holds Up

Home sales in Toronto rose the most in nine months as the Canadian economy appeared to hold up in the face of uncertainty sparked by US President Donald Trump’s trade war.

Other

7 d. ago Canada and Mexico to Cooperate as ‘Free Traders’ Facing US Tariffs

Canada is seeking closer collaboration with Mexico in multiple sectors amid a trade war with the US, senior ministers said during a visit that included a long meeting with President Claudia Sheinbaum.

Economics

8 d. ago Canada Will Look at Opportunities to Remove Tariffs, Carney Says

Prime Minister Mark Carney said Canada will look for opportunities to remove some counter-tariffs against the US, despite winning an election in which he pledged to fight back against President Donald Trump’s trade war.

Economics

8 d. ago Carney expected to face trade war questions as higher tariffs remain

Foreign Affairs Minister Anita Anand and Finance Minister François-Philippe Champagne are scheduled to meet with Mexican President Claudia Sheinbaum on their two-day visit.

Economics

1 week ago Oil Drops After OPEC+ Supply Hike Amplifies Concerns Over Glut

Oil fell after OPEC+ agreed to another bumper output increase, stoking concerns about global oversupply just as the US-led trade war may be exacting a toll on economic growth and energy consumption.

Other

3 w. ago Five Key Charts to Watch in Global Commodity Markets This Week

With US oil drilling in the doldrums, how do oilservice companies plan to ride out the slowdown? The answer to that question will be top of mind when leading drillers report earnings this week. The decline in oil demand also has refineries shutting down while the clock ticks on clean energy deployments in the US. And ethanol has taken center stage in the global trade war.

Culture

3 w. ago Oil Climbs as EU Tightens Russian Sanctions With Lower Price Cap

Oil rose as the European Union agreed to a lower price cap for Russian crude, and data showed the US economy holding up despite the fallout from the Washington-led trade war.

Economics

3 w. ago B.C. Premier David Eby leans on Ravi Kahlon again as he reshuffles cabinet

VICTORIA — British Columbia Premier David Eby has leaned on Ravi Kahlon from the moment he officially sought the government’s top job, with Kahlon co-chairing his leadership campaign. When Eby created the province’s stand-alone housing ministry in 2022, he asked Kahlon to head it, and when U.S. President Donald Trump launched his trade war on […]

Other

4 w. ago Faced with geopolitics and trade war, US companies in China report record

WASHINGTON (AP) — American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s tariffs have become their top concerns, according to a business survey released Wednesday. The companies are also challenged by China’s slowing economy, where weak domestic […]

Economics