3 d. ago Premier Susan Holt says U.S. auto tariffs will affect New Brunswick businesses

FREDERICTON — New Brunswick Premier Susan Holt says the new 25 per cent U.S. tariff hitting Ontario’s auto industry will have a spillover effect for businesses in the province. During her weekly update on tariffs today, Holt quoted New Brunswick-based research consultant David Campbell who has said that “when Ontario sneezes, New Brunswick catches a […]

Economics

3 d. ago Ontario business tycoon worth almost $29B is one of world's 100 richest people

A Toronto investment firm tycoon who owns a local spa and restaurant has reclaimed the honour of being ranked among one of the top 100 wealthiest people in the world.Sherry Brydson has been moving up and down the rankings in the Bloomberg Billionaires Index, and recently leapt from just outside the list's top 100 rankings, moving from 101st place up to 98th.Currently the second-wealthiest Canadian overall and richest Canadian woman as of March 2025, according to Bloomberg, Brydson has climbed from the 107th position in 2024, amassing a wealth of $20.2 billion USD/$28.875 billion CAD.That's enough money to buy a nuclear-powered Gerald R. Ford-class aircraft carrier and still have around $7 billion USD left over as spending money.Brydson has accumulated this fortune thanks to her position as the largest shareholder in investment firm Woodbridge, controlling a 23 per cent stake in the major firm run by Canada's wealthiest family — the Thomsons.Brydson, who is the granddaughter of...

Economics

4 d. ago Ontario fast food chain scraps U.S. expansion plans amid trade war

Amid rising tensions from the trade wars, many in Ontario are opting to buy local products when it comes to their everyday purchases. Even Ontario-owned businesses are considering this when it comes to talks about expansion.Recently, Ontario-based vegan fast food chain Odd Burger put out a press release stating that it would be halting its U.S. expansion plans due to "escalating political tensions between Canada and the U.S.""Given the global tariff uncertainty, we are putting the brakes on our U.S. expansion until pricing metrics can be formulated with certainty," said James McInnes, CEO and co-founder of Odd Burger. "We are also seeing increased demand for our products in Canada, and as a Canadian Company, we want to make sure that we focus on our core market at this time."Additionally, the company added that it believes it can help other Canadian companies transition to plant-based products made in Canada and sees a significant growth opportunity in supporting the Canadian market...

Economics

1 week ago Ontario colleges, universities and businesses call for more post

Three major organizations representing Ontario’s colleges, universities and business community are urging the province to boost investment in the post-secondary sector, saying the economic threat from the United States underscores the need. The Ontario Chamber of Commerce, the Council of Ontario Universities and Colleges Ontario released an open letter today to Colleges and Universities Minister […]

Society

1 week ago U.S. trade war has Ontario business owners' confidence at historic lows

Ontario small business owners are bracing for the worst amid some of the most uncertain economic times the province has ever faced.Canada's most populous province is expected to be one of the hardest hit by a tariff war with the U.S., and confidence among small business owners in Ontario has plummeted to historic lows.The Canadian Federation of Independent Business (CFIB)'s Business Barometer long-term index took a total nosedive in March, with the small business confidence indicator dropping 24.8 index points to an all-time low of 25 nationwide.To put this sharp decline into perspective, this figure represents lower levels of small business owners' confidence than any point recorded during the pandemic years in the early 2020s, the 2008 financial crisis, or even in the wake of the September 11 attacks in 2001.CFIB"Small business owners are feeling pessimistic about their business's perspectives for the next few months or even beyond. It's hard to make critical decisions for the lon...

Economics

2 w. ago Konica Minolta Given the Highest Evaluation by CDP and Included on the Climate A List 2024

MISSISSAUGA, Ontario, March 13, 2025 (GLOBE NEWSWIRE) — Konica Minolta Business Solutions (Canada) Ltd. today announced its global headquarters, Konica Minolta, Inc. (Konica Minolta), has been selected for the Climate A List in the FY2024 survey by CDP, an international not-for-profit environmental organization. This is the eighth time Konica Minolta has been given the highest […]

Society

2 w. ago Generation Receives Final Construction Permit from Ontario Ministry of Natural Resources

TORONTO — Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to advise that it has now received all three outstanding approvals under the Lakes and Rivers Improvement Act (“LRIA”) from the Ontario Ministry of Natural Resources (“MNR”) in respect of infrastructure construction associated with the water management structures for the […]

Politics

2 w. ago Ontario Premier Says He’ll Cut Power Exports to US If Necessary

Ontario’s premier repeated that he’s willing to shut off electricity exports to the US to send a message to the White House after President Donald Trump said he’ll double tariffs on Canadian steel and aluminum to 50%.

Economics

2 w. ago Ontario Raises Electricity Price by 25% for Minnesota, Michigan and New York

A Canadian province that exports electricity to the US raised power prices for three states by 25% on Monday in retaliation for President Donald Trump’s tariffs.

Economics

3 w. ago Ontario restaurant responding to U.S. tariffs with 25% off dessert

As the trade war between Canada and the United States intensifies, many businesses across Ontario are adjusting their strategies and reducing their reliance on American ingredients, suppliers, and goods.President Donald Trump's executive order hits Canada and Mexico with 25 per cent tariffs across the board, as well as a 10 per cent levy on Canadian energy. In response, Trudeau said Canada would be hitting back with 25 per cent retaliatory tariffs on $30 billion worth of American products immediately, just after the order took effect on Tuesday.Ontario Premier Doug Ford, who is fresh off his third consecutive majority win, also followed through on his promise to remove U.S. alcohol from LCBO stores across the province, which resulted in the retailer's website being taken offline temporarily on Tuesday.As a result, many Canadian companies — including dessert chain Demetres — have taken it upon themselves to navigate the current trade challenges through creative ways."When...

Economics

3 w. ago Report highlights scale of Ontario mineral exports as tariffs threaten trade relation

As the U.S. imposes tariffs on all Canadian goods, a new report is highlighting just how much Ontario’s mining sector exports to the country. The report from the Ontario Mining Association and the provincial government shows the industry exported $42 billion in minerals to the U.S. in 2023, making up about two-thirds of the $64 […]

Economics

3 w. ago Ontario to Impose 25% Export Tax on Power to Three US States

Ontario will impose a 25% tariff on power it sends to 1.5 million homes in Minnesota, Michigan and New York in response to fresh US levies, Premier Doug Ford announced Tuesday.

Economics

3 w. ago “Protect Ontario Families”: Over 100 Child Care Organizations Send Open Letter to Ontario Premier Doug Ford Urging Him to Sign $10aDay Child Care Funding Extension

TORONTO — Over 100 Ontario organizations – including child care programs from across Ontario and provincial early learning and child care associations – have come together to send an Open Letter to Premier Doug Ford today in response to news that the federal government has offered all provinces and territories 5-year extensions to their Canada-Wide […]

Economics

4 w. ago Legendary nightclub in Ontario is shutting down after 20 years

It's officially the end of an era for a legendary nightclub in Ontario, which is shutting down this weekend following 20 years in business.If you've ever spent a weekend out in Niagara Falls, chances are you might've found yourself at Dragonfly Nightclub, which is located on the concourse level of the Fallsview Casino Resort.The 12,000-square-foot club quickly became a fixture of Niagara's nightlife scene, and was known for its immersive LED video screens that covered the ceiling above the dance floor.The INK Entertainment-owned venue is preparing to shut down, although something new and exciting will be sweeping in to replace it.The devastating closure was announced via the nightclub's Instagram page, and regulars took to the comments section to reminisce about some of the unforgettable nights they've had at the venue. "What a run, so many incredible memories," one person wrote, while another commented, "Legendary! Thanks for the memories."    Vie...

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