17 h. ago Reports paint grim picture of how a recession will impact Canada

Economists at yet another big global firm are sounding the alarm about the Canadian economy, warning of a forthcoming recession that will hit provinces like Ontario the hardest.Just days after Wells Fargo forecasted that the Great White North will fall into a recession sometime this year — news that was bolstered by a Financial Accountability Office (FAO) report saying Ontario in particular should prepare for a downturn — another big player in the financial services sector has released a similarly distressing economic outlook.Deloitte Canada is warning citizens that a further decline in GDP growth, "significant" downward economic pressure and "really soft economic activity" are on the way in 2025, with the next six to eight months looking particularly bad in the shadow of the U.S. tariffs that first kicked off in March.Along with a depletion of both exports and imports, especia...

Other

20 h. ago Avi Benlolo: Israel still shines as the most resilient place on Earth

To the detriment of its enemies, the atrocities of October 7 have only solidified Israel’s national spirit

Culture

22 h. ago TikTok fined $600 million for illegally sending EU data to China

(Bloomberg) — TikTok owner ByteDance Ltd. was fined €530 million ($600 million) by the European Union for illegally sending user data to China, warning the firm it didn’t do enough to keep information out of reach from Chinese state services. Ireland’s Data Protection Commission, the company’s main regulator in Europe, said TikTok infringed the bloc’s […]

Economics

28 h. ago Klarna Founder’s VC Firm Sees Trump Energizing Europe on Climate

With the US stepping away from the fight against climate change and Europe still overly reliant on imported fossil fuels, the region needs to double down on investing in climate-friendly startups, said Agate Freimane, a general partner at venture capital firm Norrsken VC.

Economics

30 h. ago Asia’s Factories Suffer Major Blow as Trump’s Tariffs Hit Demand

Manufacturing activity across most of Asia contracted in April, with companies struggling with weaker demand and pausing new orders in the face of US President Donald Trump’s baseline 10% tariff.

Politics

33 h. ago Indonesian Firms Now More Resilient to Rupiah Weakness, S&P Says

Indonesian companies are currently in better shape than in previous bouts of rupiah weakness, thanks to a more manageable debt load and a tempered rate of currency depreciation, according to S&P Global Ratings.

Economics

39 h. ago Ontario media tycoon plunges by $58B on wealthiest billionaires list

While most Canadians are grappling with a prolonged cost-of-living crisis and struggling to stay afloat amid this economy in general, the wealthiest of the wealthy have been happily adding to their unfathomable fortunes over the last few years.Perhaps the most famous among Canada's one per centers is the esteemed Thomson family, of Thomson Reuters fame. David Thomson serves as chairman of the international content and tech conglomerate that bears his last name, which he and his kin have a large stake in through their investment firm, the Woodbridge Company.They also boast assets ranging from sports teams (part-owning both the Winnipeg Jets and the Montreal Canadiens) to rare original artworks to The Globe and Mail newspaper.With a worth that was last year pegged at around $68 billion USD and growing, David Thomson has made many "richest people in the world" lists in his time, including just...

Economics

43 h. ago True Launches HardTech Practice to Power the Future of AI Leadership

PHILADELPHIA — True, the only tech and data-first global executive talent platform, today announced the formal launch of its HardTech Practice. This launch underscores the firm’s dedication to identifying and placing world-class executive talent within the critical hardware infrastructure that underpins ongoing advancements in AI. True’s dedicated hardtech team will serve venture capital, private equity, […]

Politics

43 h. ago Northern Trust Pension Universe Data: Canadian Pension Plans Generated Positive Q1 Returns in Turbulent Markets

TORONTO — Canadian pension plans showed strength and resilience amidst a tumultuous backdrop during the first quarter of 2025, with the median pension plan rising 1.5% for the three-month period, according to the Northern Trust Canada Universe. Financial markets were roiled in Q1 by heightened macro uncertainty and elevated levels of volatility, primarily driven by […]

Other

44 h. ago AMCS Transforms Resource and Recycling Operations with its Performance Sustainability Suite at Waste Expo

Join AMCS experts to learn how measurable sustainability drives business growth, profitability, and operational resilience across resources and recycling, transportation, safety (EHS) and sustainability (ESG). LAS VEGAS — AMCS, the leader in Performance Sustainability, will be a sponsor and exhibitor at Waste Expo 2025 in Las Vegas from May 5-8. At booth #2653, attendees will […]

Sport

46 h. ago Tesla board started search for Elon Musk’s successor, WSJ says

(Bloomberg) — Tesla Inc. Chair Robyn Denholm pushed back against a report the board was looking to replace Chief Executive Officer Elon Musk, saying directors are “highly confident” in his ability. “Earlier today, there was a media report erroneously claiming that the Tesla board had contacted recruitment firms to initiate a CEO search at the […]

Culture

49 h. ago Quebec Government Won’t Rescue Bankrupt Bus Maker Lion Electric

Canadian electric bus and truck maker Lion Electric Co. is unlikely to survive as the Quebec government turned down an opportunity to put money into the firm along with local investors.

Politics

54 h. ago Firm Capital Apartment REIT Provides Strategic Review Update, Q4/2024 and 2024 Results

All figures in $USD unless otherwise noted. TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three and twelve months ended December 31, 2024 and provide a Strategic Review update: STRATEGIC REVIEW UPDATE The board […]

Economics

60 h. ago S&P/TSX composite index down, U.S. markets mixed on weakening economic data

TORONTO — Canada’s main stock index closed down Wednesday while U.S. markets were mixed as economic data showed signs of weakness on both sides of the border. Statistics Canada reported that the Canadian economy shrunk 0.2 per cent in February, though economists said harsh winter weather could be more to blame than tariff issues. In […]

Other

64 h. ago Activist investor hasn’t cleared bar to take control of Parkland board: advisory firm

A prominent shareholder advisory firm says a dissident investor has not cleared the bar to justify taking control of Parkland Corp.’s board of directors, but there is a case for change. Institutional Shareholder Services recommends shareholders vote for six director nominees put forward by activist investor Simpson Oil and seven of Parkland management’s candidates. Parkland […]

Economics

66 h. ago Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy

WASHINGTON (AP) — President Donald Trump got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden. The government reported that the U.S. economy shrank at an annual rate of […]

Politics

69 h. ago London needs to build this many new homes annually to ease crunch

City politicians say they’re pleased to see some hard data quantifying the urgent need for housing in London after a mandated report from the federal government outlined shortages and shortfalls. City hall staff presented the housing needs assessment by consulting firm Colliers, required through the federal housing accelerator fund, to council’s planning committee on Tuesday. […]

Other

3 d. ago ‘We are resilient’: Nova Scotia Filipino community mourns after Vancouver tragedy

In Nova Scotia, members of the Filipino-Canadian community are speaking out in support of the victims and their families. 

Other

3 d. ago Stellantis Posts Sales Slump, Suspends 2025 Guidance on Tariffs

Stellantis NV posted weaker sales on slumping demand in North America, while suspending its financial guidance for the year on uncertainty tied to President Donald Trump’s auto tariffs.

Economics

3 d. ago Equinor Earnings Decline on Oil Trading Weakness, LNG Outage

Equinor ASA said first-quarter profit fell, reflecting weaker oil and gas trading and a prolonged outage in northern Norway.

Other