20 h. ago Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Trade and tariffs Trade with the United States is set to be front and centre this week with tariffs on auto imports into the U.S. expected to come into force. The auto industry has warned tariffs could be devastating […]

Economics

3 d. ago With more than 20,000 employed in the automotive sector here, about 10,000 of those jobs may be lost within weeks of the tariff being charged, said industry observers.

Trump tariffs poised to hammer Canada’s auto industry could slash the London region automotive workforce by half, as the cost of exports to the U.S. will spike, industry observers say. With more than 20,000 employed in the automotive sector here, about 10,000 jobs may be lost within weeks of tariffs being imposed, they said. That […]

Economics

4 d. ago New U.S. auto tariffs to devastate sector, raise consumer costs: industry

Canadian auto industry leaders say the latest tariffs announced today by U.S. President Donald Trump will raise the prices of cars for consumers and devastate the sector. “This is nuts,” said Flavio Volpe, president of the Automotive Parts Manufacturing Association. “It seems he’s bent on doing the things that he’s been warned will shut down […]

Economics

4 d. ago ‘THIS IS NUTS:’ New U.S. tariffs on auto sector to devastate industry, leaders say

Canadian auto industry leaders say the latest tariffs announced Wednesday by U.S. President Donald Trump will raise the prices of cars for consumers and devastate the sector. “This is nuts,” said Flavio Volpe, president of the Automotive Parts Manufacturing Association. “It seems he’s bent on doing the things that he’s been warned will shut down […]

Politics

3 w. 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

3 w. ago Toronto was just named among world's best cities for career growth

Two cities in Canada have been named among the world's top 20 for career growth.Whether you're just beginning or looking to pivot, many factors can help kick-start your career, one being location."We spend around 2,000 hours a year at work, so it makes a huge difference to our overall happiness when we enjoy it. And location plays a big part in that," reads a new report from Big 7. "Some cities are launchpads for career growth, with high earning potential, encouraging work environments, strong job markets, and more."The travel site analyzed over 100 cities worldwide, ranking them based on key factors that impact professional success.It narrowed the list to the 20 best cities for career growth, and two spots in Canada made the cut.The ranking is based on the following criteria: job market strength, cost of living, quality of life, industry concentration, salary vs. cost of living ratio, work culture and environment, transport and connectivity, access to talent, government and busines...

Transport

3 w. ago U.S. tariffs threaten thousands of Canadian tourism industry jobs

A non-profit organization in Canada is warning that tariffs could lead to further financial losses and widespread layoffs in the country's tourism industry.The Canadian Association of Tour Operators (CATO), which represents parts of the country's overall tourism industry, is pushing for change to reduce further impact. According to CATO, U.S. President Donald Trump's plan to impose 25 per cent tariffs on Canada has "already caused significant damage" even before tariffs took effect on Tuesday."As for the vital tourism sectors of both the United States and Canada, the costs are being felt across the industry, from hotels and restaurants to travel agencies, tour operators, and transportation services," reads a statement emailed to Daily Hive. "Thousands of jobs are at risk, and without swift and decisive action, the consequences will only worsen. We cannot afford to stay silent."Despite the impact of tariffs, the organization said that "it's not too late to turn the tide." It's urging...

Economics

3 w. ago US Import Taxes of More Than 50% May ‘Ravage’ Canadian Lumber

The US threatened import taxes on Canadian lumber products totaling 52%, raising fears about the industry’s future and increases to US homebuilding costs.

Economics