39 m. ago Canadians cutting spending, delaying purchases amid tariff turmoil: MNP survey

CALGARY — A survey from insolvency firm MNP Ltd. suggests Canadians’ outlook for their personal finances has brightened even as they’ve taken steps to cut their expenses amid economic turmoil. The latest MNP Consumer Debt Index conducted by Ipsos rose nine points to 88 this quarter over the previous one. It says about three quarters […]

Economics

52 m. ago Stocks rise worldwide after Trump eases some of his tariffs on electronics, for now

NEW YORK — Stocks are rallying worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be relaxing. The S&P 500 was 1.3% higher in midday trading. The Dow Jones Industrial Average was up 399 points, or 1%, as […]

Economics

2 h. 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

3 h. ago Billionaire Economou Seeks to Replace Trafigura As Partner in Italy’s Top Oil Refinery

The main investor in Italy’s biggest oil refinery is sounding out trading firms to replace Trafigura Group as the plant’s supply partner.

Culture

3 h. 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

4 h. ago OPEC Cuts Oil Demand Forecast for 2025 and 2026 on Trade War

OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters.

Economics

11 h. ago Euro Zone’s Weaker Inflation Outlook Bolsters ECB Case to Cut

Euro-area inflation will turn out slower than previously forecast because of higher US tariffs, according to a Bloomberg survey that supports the case for the European Central Bank to cut interest rates this week.

Economics

11 h. ago Thailand Finalizes US Trade Strategy Ahead of Talks Next Week

Thailand aims to hold talks with Trump administration officials next week to secure relief from a planned 36% reciprocal tariff on its goods, with officials finalizing a set of proposals including to cut its $46 billion trade surplus with the US.

Economics

22 h. ago Schumer seeks to halt flights for helicopter company after deadly Hudson River crash

NEW YORK — New York Sen. Chuck Schumer is calling on federal authorities to revoke the operating permits of the helicopter tour company whose sightseeing chopper broke apart in midair and plunged into the Hudson River Thursday, killing a family of five visiting from Spain and the pilot, a Navy SEAL veteran. At a press […]

Events

24 h. ago How a Michigan city is bracing for the impact of Trump’s auto tariffs

U.S. President Donald Trump's automobile tariffs are meant to bring back those jobs, but some experts say the levies make the whole North American industry less competitive.

Economics

36 h. ago 5 new Chinese restaurants in Toronto you need to try at least once

New Chinese restaurants in Toronto are serving up a multitude of diverse regional dishes, flavours and creative spins on cuisine from across China.If I were any good at poetry, I'd write an ode to Toronto's legion of exceptional Chinese restaurants, but I'm not, so you'll have to settle for this: Toronto does a really great job at Chinese food, and I'll never get tired of eating it. It's great news, then, that new Chinese restaurants in Toronto seem to open their doors every time the wind blows, and some particularly great spots have recently arrived on the scene.Here are my picks for the new Chinese restaurants in Toronto that you need to check out.

Other

49 h. ago Poilievre promises to cut red tape, set up support for veterans

Conservative Leader Pierre Poilievre is announcing a plan to improve supports for military veterans during a visit his main rival's turf today on the federal election trail. 

Other

52 h. ago Opinion: One inquiry to rule them all; separate probes into Alberta Health decisions limit transparency

The Alberta government’s latest move — forcing AHS leadership to participate in court filings to discredit its fired CEO — should concern every Albertan. It sends a chilling message to health-care workers: speaking out will result in job loss and protracted legal retaliation. This isn’t just about one case or one individual; it highlights broader […]

Science

60 h. ago Panetta: Buy Canadian movement resonating with consumers, businesses

Canadians are showing a strong desire to support local industries, protect jobs and build national self-sufficiency in face of U.S. threat

Economics

62 h. ago Ottawa Senators halt Montreal Canadiens from season sweep with 5

SENATORS 5, HABS 2 The Ottawa Senators refused to return the favour to the Montreal Canadiens on Friday night. Anyone concerned the Senators wouldn’t play with the same intensity after locking up a playoff spot on Tuesday had no concerns after the club scored a 5-2 victory over the Habs in front of a sellout […]

Events

64 h. ago Bell: Mark Carney plays pretend tough guy as Liberals con Canadians

How Mark Carney and the Liberals used fear to make the political comeback of the ages

Transport

64 h. ago Bell: Does Canada wake from the psychodrama or is Poilievre sunk?

Nothing moves the needle — Liberals in front, nothing is shaking Canadians from the Trump fear and loathing psychodrama

Other

68 h. ago Hedge Funds Reversed Oil Bets at Record Pace After Trump Tariffs

Hedge funds reversed their position on oil at the fastest pace on record as US President Donald Trump imposed tariffs against major trade partners, threatening to cripple global energy demand.

Economics

68 h. ago SNOBELEN: Canada needs leadership to rescue economy from Trump’s blender

I always wondered what would happen if you put the economy in a blender and turned it on high. Now, thanks to U.S. President Donald Trump, we know. Trump tossed international trade into a blender and flipped the switch. Global markets spun around as trillions of dollars spilled out. Froth formed around lost jobs and […]

Politics

68 h. ago UN humanitarian agency to cut staff by 20% due to ’brutal cuts’ in funding

UNITED NATIONS — The UN humanitarian agency said it is cutting its 2,600 staff operating in more than 60 countries by 20% because of “brutal cuts” in funding that have left it with a nearly $60 million shortfall. UN humanitarian chief Tom Fletcher said in a letter obtained Friday by The Associated Press that “the […]

Events