1 hour ago Loblaw clarifies made in Canada label confusion amid tariffs

No grocery store label is safe from the scrutiny of Canadian shoppers during the Canada-United States tariff war.The federal government's initial retaliatory tariffs saw a long list of grocery items impacted by the 25 per cent duty.U.S. President Donald Trump doubled tariffs on steel and aluminum products from Canada on Wednesday, so Ottawa responded with another $29.8 billion worth of tariffs on American goods ranging from stoves to roller coasters.Calls to support Canadian-made products have grown stronger than ever with nearly 25,000 people signing a petition urging "Product of Canada" labels in grocery stores.Canada's major grocers have heard the calls to highlight Canadian goods in stores. Loblaw has even started marking Canadian products with a maple leaf symbol and imported U.S. products with prices that have been affected by tariffs with a "T" symbol.However, some shoppers shared their confusion about discrepan...

Economics

27 h. ago Can Manchester United really build a winning team as well as a $2.6 billion stadium?

MANCHESTER, England  — Manchester United wants to build the greatest stadium on earth. It wants to build the greatest soccer team as well. Something has got to give, surely? Ambitious plans for a 2 billion pounds ($2.6 billion), 100,000-seat stadium come at a time when United is already hundreds of millions of dollars in debt […]

Economics

32 h. ago Abu Dhabi’s MGX Hires From Apollo, Warburg Amid Trump’s AI Push

Abu Dhabi’s MGX, which is helping bankroll the $100 billion artificial intelligence venture touted by Donald Trump, is beefing up its US operations with hires from the likes of Apollo Global Management Inc. and Warburg Pincus LLC.

Other

41 h. ago Trump’s Trade War Expands as Metal Tariffs Spur EU Retaliation

President Donald Trump’s 25% tariffs on steel and aluminum imports came into force Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase.

Economics

50 h. ago Ontario backs down on electricity surcharge after Trump threatens chaos

In yet another unanticipated pivot in the never-ending U.S.-Canada tariff saga, Ontario Premier Doug Ford has reneged on imposing a surcharge on electricity exported to neighbouring American states.After holding the retaliatory threat over Donald Trump's head as soon as the tariff talk shifted from the President's characteristic bravado into actual action, Ford properly enacted a 25 per cent tax on power sent to New York, Michigan and Minnesota on Monday, noting that it would add an extra $100 to the bills of 1.5 million homes and businesses and bring in hundreds of thousands of revenue to the province per day.Predictably, this threw Trump into a frenzy, prompting the reality star-turned-leader to announce an increase in tariffs on Canadian steel and aluminum on Tuesday — from 25 to a ridiculous 50 per cent."Based on Ontario, Canada, placing a 25 per cent Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to ad...

Other

52 h. ago ‘Nobody wins a trade war’: Trump escalates tariffs in response to Ontario’s electricity surcharges

Raises total levy to 50 per cent on steel and aluminum, considered an untenable threshold for domestic producers

Economics

61 h. ago Ontario eyes more trade with countries overseas in wake of U.S. tariffs

TORONTO — Ontario is re-examining its trade strategy in the wake of American tariffs on Canadian goods, looking to focus on opening up new markets and attracting more overseas investment once the immediate economic threat passes. The province does about $500 billion in annual two-way trade with the United States. It’s the largest trading partner […]

Economics

3 d. ago Ontario's trade war retaliation will drive up U.S. electricity bills by $100 per month

Ontario Premier Doug Ford has just taken another bold step in Canada's counter-attack in the face of the steep tariffs U.S. President Donald Trump enacted on goods imported from the north last week.On Monday, Ford and his minister of energy and electrification formally introduced a new 25 per cent surcharge on all electricity the province sends south of the border, which will add approximately $100 to the monthly power bills of some 1.5 million residents in neighbouring New York, Michigan and Minnesota, effective immediately.It's a measure that the premier has been threatening since Trump started mounting his tariff actions in earnest in recent weeks, turning the blustering prattle the former reality TV star is notorious for into serious, debilitating action against his nation's closest ally.Ford added in his press conference about the new surcharge this morning that he will escalate restrictions on Ontario-produced energy further if...

Economics

3 d. ago Ontario officially hits U.S. with 25% electricity tax amid trade war

The Ontario government has officially applied a 25 per cent surcharge on all electricity exports to three U.S. states on Monday.

Economics

6 d. ago Toronto Maple Leafs land veteran from Ontario in trade deadline deal

The Toronto Maple Leafs have officially made their first move of trade deadline day.Per the Fourth Period's David Pagnotta, the Leafs have acquired 30-year-old centre Scott Laughton from the Philadelphia Flyers.He is in the fourth year of a five-year contract worth USD$3 million per season.As per The Athletic's Chris Johnston, the Flyers will be retaining half of Laughton's contract, while the Leafs will be sending Nikita Grebenkin to Philadelphia as well as a first-round pick, a fourth-round pick, and sixth-round pick.TSN's Pierre LeBrun added that the first-round pick is for 2027, and it is top-10 protected, meaning it'd slide another year in Toronto ended up drafting within the top-10.Laughton has 11 goals and 16 assists for a total of 27 points in 60 games for the Flyers this season. A former 20th overall pick in 2012 by Philadelphia, Laughton has spent his entire NHL career there. He has played 661 games for the team, putting up 106 goals and 159 assists for a career mark of 26...

Economics

7 d. ago Taiwan says chipmaker’s move to invest $100 billion in the US wasn’t because of US pressure

TAIPEI, Taiwan (AP) — Taiwan’s president and top chipmaker TSMC held a joint news conference Thursday to defend the company’s decision to invest $100 billion in the U.S., saying it stemmed from customer demand and not pressure from the Trump administration. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, said earlier this week it […]

Economics

8 d. ago Here’s the latest as the U.S. imposes tariffs on goods from Canada and Mexico

OTTAWA — U.S. President Donald Trump has imposed tariffs on imports from Canada and Mexico including a 25 per cent across-the-board levy, with a lower 10 per cent charge on Canadian energy, triggering a continental trade war. Canada has responded with 25 per cent retaliatory tariffs on $30 billion worth of American products, and will […]

Economics

8 d. ago CHARLEBOIS: The cost of retaliation — Canada’s trade war misstep

"Canada cannot win a trade war by taxing its own people — true leverage comes from targeting American reliance on our exports, not undermining our own food security and economy."

Economics

9 d. ago Doug Ford says Ontario university should be 'embarrassed' of Elon Musk

In Doug Ford's address to Ontario regarding the Canada and U.S. trade war, the Ontario premier said Queen's University should be "embarrassed" that Elon Musk studied there.Ford made the comment while answering a question about whether Ontario tax dollars would still going to Musk's Starlink because of a "break free" for cancelling the contract. Ford said the following on Tuesday:"This is principle to cancel Starlink to President Trump's right-hand man, Elon Musk. Isn't it ironic that he got educated… part of his education was at Queen's, and he's attacking the country and the province that gave him the opportunity to go to Queen's University.""They should be embarrassed that he went to Queen's. He should be embarrassed to attack the people that took care of him for a number of years with his family," he continued.During the Ford conference, he confirmed his previous threat of ripping up the Starlink deal and said Ontario "won't award contrac...

Society

9 d. 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

9 d. ago Mexico will impose retaliatory tariffs on U.S. goods as trade war heats up

Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%

Economics

9 d. ago China Hits Back at Trump by Targeting Farm Goods, Defense Firms

China imposed tariffs as high as 15% on US goods and banned exports to some defense companies in retaliation for the Trump administration’s new levy, escalating a trade war between the world’s two largest economies.

Economics

9 d. ago TSMC Unveils $100 Billion in New US Investment, Joined by Trump

Taiwan Semiconductor Manufacturing Co., the world’s top producer of AI chips, plans to invest an additional $100 billion in US plants that will boost its chip output on American soil and support President Donald Trump’s goal of increasing domestic manufacturing.

Economics

1 week ago Doug Ford Wins Third Majority in Ontario Election Dominated by Trade

Doug Ford won a third straight election to lead Ontario, as voters in Canada’s manufacturing heartland opted for a familiar face to steer an economy that’s under threat from US President Donald Trump’s trade policy.

Politics

1 week ago As Trade Unionists, We’ll Resist Ford’s Agenda: CUPE Ontario

– Craven Ford spent millions for electoral status quo, says union – Doug Ford cynically exploited a period of national and international tumult to return the Conservatives to government in Ontario. But for all his self-serving opportunism, Ford failed to win the dramatically increased majority that was his pretext for a costly and unnecessary election, […]

Economics