56 m. ago Algoma Steel foresees challenges, opportunity from trade war as it works to cut costs

The chief executive of one of Canada’s largest steel producers says the company is in discussions with federal and provincial leaders to determine what government support might be available to help offset the Trump administration’s tariffs. Algoma Steel Group Inc. CEO Michael Garcia said Thursday his company expects the Canadian government’s “swift and appropriate response” […]

Economics

4 h. ago Huge Ontario music store known for being largest in Canada closing after 57 years

It's the end of an era for an enormous music store just north of Toronto, as local institution Cosmo Music has announced its impending closure after almost six decades in business.The Richmond Hill establishment —famously known as Canada's single-largest music store — announced on Wednesday that it would close its doors after 57 years.In a press release, the ownership called the "difficult decision" a product of "significant challenges faced by the company after the COVID-19 pandemic, despite major technological investments and efforts to adapt to a changing market.""We are deeply grateful to our dedicated team, loyal customers, brand partners, and the music community that has supported us throughout these incredible years," said the Hebert family, owners of Cosmo Music."It's been a privilege to serve as a hub for musicians and music lovers alike.""Cosmo Music has always been more than just a store," the Hebert family statement continued. "It has been a space where ...

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5 h. ago Rogers Recognized as Canada’s Most Reliable Internet by Opensignal

Canada’s largest cable network delivers most consistent experience for Rogers Xfinity customers TORONTO, March 13, 2025 (GLOBE NEWSWIRE) — Rogers Communications announced today that it has been named the most reliable internet in Canada by Opensignal, the leading global provider of independent network experience insights and market performance.  “We are committed to bringing Canadians the […]

Technology

68 h. ago Port of Vancouver moves record trade in 2024, supporting Canada and Canadians

Strong performances across the auto, bulk and container sectors, as operators and supply chain partners at Canada’s largest port move record volumes despite challenging environment VANCOUVER, British Columbia, March 10, 2025 (GLOBE NEWSWIRE) — The Port of Vancouver helped facilitate record volumes of Canadian trade in 2024, playing a crucial role connecting Canada to diverse […]

Economics

3 d. ago ‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty

OTTAWA — The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada’s largest trading partner lasts. The […]

Economics

4 d. ago Ottawa hands Irving Shipbuilding $8B deal to start 3 new navy destroyers

The destroyer project will be the largest, most complex shipbuilding effort in Canada since the Second World War and will create more than 5,000 jobs across the country.

Economics

5 d. ago This man is hiding Canada's largest pinball arcade in a Toronto basement

Toronto is home to the largest pinball arcade in all of Canada, and it's all hiding in a Koreatown basement.Steve Lefort, the owner and founder of Bloor West's Antisocial Pinball Lounge, admittedly, didn't know much about pinball before he bought his first machine four years ago. Little did he know then that, over the following years, he'd go on to collect over 70 specialized and rare pinball machines, build a passion of his own and go on to open up his very own arcade.Steve plays one of Antisocial's dozens of pinball machines. Also the owner of board game and miniature retailer, Meeplemart — which just so happens to be a favourite of director Guillermo del Toro — Steve tells me that his passion for pinball was born when he moved into his first house and thought to himself, 'how cool would it be to have a pinball machine in it?'That's exactly what he did, settling on a Stern machine themed around the 1981 Canadian film, Heavy Metal."I was completely floore...

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5 d. ago Canoe EIT Income Fund Announces March 2025 Monthly Distribution

CALGARY, Alberta, March 07, 2025 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the March 2025 monthly distribution of $0.10 per unit. Unitholders of record on March 21, 2025, will receive distributions payable on April 15, 2025. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada’s largest […]

Other

5 d. ago Toronto's most iconic landmarks would not exist if not for a suburban rail yard

Structures like the CN Tower and the Rogers Centre are known as Toronto landmarks by people across the globe, but these megastructures and so many other recognizable buildings in the city's downtown only exist thanks to a massive suburban rail yard built 60 years ago that set the stage for the 416 we know today.Just north of Toronto's northern city limit, the gargantuan CN MacMillan Yard stretches an impressive three kilometres from north to south, and as much as one kilometre across at its widest point.This sprawling assembly of infrastructure — bounded by Highway 407, Keele Street, Rutherford Road and Jane Street — is the second-largest rail yard in Canada, behind the Symington Yard in Winnipeg. While it may not be the country's largest, the 1965 opening of the MacMillan Yard served a sleeper role in one of the most transformative urban renewal projects in Canada's history, at least by association.However, while the suburb of Vaughan would be transformed prac...

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7 d. ago Tariffs Will Cost Automakers Billions, Says Canada’s Linamar

Adding steel and aluminum tariffs to auto tariffs would cost carmakers billions of dollars and is “likely to shut the industry down,” says the head of Canada’s second-largest public car parts manufacturer, Linamar Corp.

Economics

8 d. ago U.S. tariffs could have devastating effects on real estate in Ontario

Even if you want to try and avert your gaze from the tariff talk that is dominating headlines this week, it is hard to ignore the reality of how ruinous the tolls will likely prove to be for Canada.Despite our various leaders' attempts to mimic Donald Trump's bombastic patriotism (including in the form of retaliatory levies), the damage to the Great White North's economy is already being felt. While sectors like the auto industry are among those hit hardest, there are also set to be huge impacts to the real estate market, among others.As Ontario Premier Doug Ford said during the initial countdown to tariffs last month, "the coming days and weeks will be incredibly difficult. Trump's tariffs are going to devastate our economy and will put up to 450,000 jobs at risk from every sector in every region. No one will be immune, everyone will feel the impact."Now that a 25 per cent tax has been added to virtually all goods Canada sends into the U.S. (...

Economics

8 d. ago U.S. specifically calls out Toronto drug problems as reason for trade war

The Trump administration is characterizing its trade war on Canada as a "drug war," with one official even calling out Toronto by name.The U.S. government imposed 25 per cent tariffs on Canadian imports on Tuesday, though Kevin Hassett, President Donald Trump's National Economic Council Director, insists that the stiff economic penalties imposed on Canada are a result of the country's drug policies."Respectfully, this is not a trade war, it's a drug war," Hassett said during an interview with Fox News on Tuesday. Hasset claims that Trump is "extraordinarily disappointed" with Canada and Mexico's action on fentanyl crossing U.S. borders — despite the fact that less than one per cent of fentanyl entering the United States originates from Canada.Hassett went on to specifically call out Canada's largest city, Toronto, as an example of failed drug policy."Wander around Toronto and look and see if these people are serious about the drug war. And they're not."Curiously, Hassett ...

Economics

9 d. ago Trump’s Canada, Mexico, China Tariffs Hit in Deepening Trade War

President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies, imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of a trade war that stands to upend ties with major economic partners.

Economics

1 week ago Canada's largest U.S. border crossing still on track to open in Ontario this year

Canada-U.S. relations are at a historic nadir in 2025, but, despite the two countries' spiralling political relationship, construction is pressing on for the enormous Gordie Howe International Bridge — a mammoth representation of this once-unbreakable alliance.Crews from both sides of the border continue to work side by side amid this unfortunate watershed moment in Canada-U.S. relations, building a $6.4 billion engineering marvel that will close a missing link in the busy international trucking corridor that extends through Windsor, Ontario and Detroit, Michigan.Once complete this September, the Gordie Howe Bridge will host the largest Canadian port of entry along the Canada-U.S. border — a boundary that U.S. President Donald Trump has threatened to erase through "economic force."Construction is making strides towards completion on the sprawling 53-hectare/130-acre Canadian Port of Entry, all as the U.S. threatens tariffs and even annexation.Though it is playing ou...

Other

2 w. ago The new Hard Rock Hotel in Ontario is officially opening this spring

Excitement is building as the Hard Rock Hotel London in Ontario nears its grand opening, and here's everything you need to know about its launch.Set within the historic 100 Kellogg Lane complex, the newly constructed hotel is part of Canada's largest indoor entertainment venue, which also houses The Factory. Located just minutes away from the Western Fair District, the hotel is nestled in Canada's only UNESCO City of Music.The hotel will feature 164 guest rooms and specialty suites. According to its website, classic rooms (two queens) start at $395 per night, while classic king rooms will run you approximately $423 a night.Superior rooms are a bit more pricey, and start between $441 to $468 depending on if you select a king bed or two queens.If you're really trying to splurge, there’s a variety of suites to choose from, including the Gold King Suite with terrace which starts at $540, the Diamond Suite King (starting at $711) and the Rock Royalty Suite King ($1350/night).F...

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2 w. ago Parking in Toronto is a mess with the snow right now and these are the rules

One wouldn't think that Canada's largest city would end up debilitated for weeks because of a few hits of snow in the middle of winter, but here we are, with the City of Toronto's cleanup efforts set to take a few weeks to complete after back-t0-back storms earlier this month.The wintry precipitation proved to be enough to derail streetcars, halt mail service and close businesses, and even though we haven't seen any substantial accumulation in days, some sidewalks and lanes in the downtown core are still impassable.Navigating the city is one thing, but parking is decidedly more of a disaster, even after the bulk of roadways are looking far clearer than just one week ago.Many side streets have been reduced to just one lane (either total or in each direction), with the others piled too high with snow to traverse, or blocked off by the city for future clearing.For the 55,000+ residents who hold parking permits for these roads, nabbing a spot has become exponent...

Other

2 w. ago CanadaHelps Estimates $266 Million Loss for Charities Due to Canada Post Strike; Urges Canadians to Use Extended Donation Deadline to Give

Funding lost from the 2024 postal strike and a looming recession from tariff threats places Canadian charities in a precarious position TORONTO, Feb. 24, 2025 (GLOBE NEWSWIRE) — According to estimates from CanadaHelps, the country’s largest platform for donating and fundraising online, the Canada Post strike cost Canadian charities $266 million in lost donations, accounting […]

Economics

2 w. ago What it will be like to use Canada's new largest border crossing in Ontario

Canada and the U.S. are inching ever closer to the opening of the highly-anticipated Gordie Howe International Bridge, which will soon serve as the largest border crossing between the two countries, as well as the longest cable-stayed bridge in North America.As we approach the seventh anniversary of work starting on the gargantuan infrastructure project, residents stand just months away from actually being able to use it. And, the team working to wrap things up on the ground continues to drum up excitement with extraordinary drone footage, behind-the-scenes looks, and other updates.The latest is a mini-tour of some of the border checkpoint's facilities, including a drive-through of an inspection lane and the secondary inspection area once vehicles cross the six-lane, 2.5-kilometre-long viaduct over the Detroit River into Windsor, Ontario.A clip posted to the project's official YouTube page on Thursday takes viewers through one of the crossing's five-meter ta...

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3 w. ago Ontario election: In one London riding, a PC Party stronghold faces tariff fears

Home to a factory being built by Volkswagen that could become the largest in Canada, and auto parts plants that employ thousands, fears over Donald Trump tariff threats abound on the Ontario election campaign trail in the riding of Elgin-Middlesex-London. LFP reporter Brian Williams digs into the political realities and what the three major parties […]

Politics

3 w. ago OPINION: Boilermakers endorse Doug Ford to power Ontario’s future

On Feb. 27, 2025, Ontario will head to the polls to determine who will lead this province for the next four years. As Canada’s most populous province and the largest economy in Canada, generating about 38% of national GDP, the choice of who will lead Ontario will have national and international implications. Premier Doug Ford […]

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