38 h. ago Panetta: Buy Canadian movement resonating with consumers, businesses

Canadians are showing a strong desire to support local industries, protect jobs and build national self-sufficiency in face of U.S. threat

Economics

51 h. ago US Consumer Sentiment Extends Plunge as Price Expectations Soar

US consumer sentiment tumbled the second-weakest reading on record while short- and long-term inflation expectations soared to multi-decade highs on growing tariff concerns.

Economics

3 d. ago U.S. tariffs still at historic high even after Trump’s pause

Higher import tax raise costs for domestic consumers and businesses and reduce disposable incomes and profit margins

Economics

3 d. ago U.S. egg prices continue to increase despite bird flu outbreak slowing

U.S. egg prices increased again last month to reach a new record-high of $6.23 despite a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on eggs should not anticipate immediate relief. Demand for eggs is typically […]

Economics

3 d. ago China’s Consumer Deflation Persists as Trade War Poses New Risks

China’s consumer deflation extended for a second month in March, as an escalating trade war with the US threatens to put more downward pressure on prices.

Economics

4 d. ago Roots has ‘limited’ tariff exposure, watching for shift in consumer sentiment: CEO

TORONTO — Roots Corp. says tariffs likely won’t have much of a direct effect on its business ,but could weigh on consumer confidence. Meghan Roach, chief executive of the Toronto-based apparel company, said the business has “limited exposure” to the tariffs U.S. President Donald Trump has levied on more than 180 countries. “We have a […]

Economics

4 d. ago Hudson's Bay announces huge warehouse sale in Toronto amid liquidation

Hudson's Bay has just announced a major warehouse sale, the likes of which we've rarely seen, while liquidation continues at the majority of its stores in Canada.It's been a tough go for Canada's oldest company, as Hudson's Bay filed for creditor protection last month, sending the majority of its locations across the country into liquidation, slated to close in the coming months.Fortunately for consumers, business struggles for them can also mean major savings for us, and, in their latest move, The Bay is announcing major price cutbacks at their warehouse.While regularly, shoppers can expect to find discounts of up to 30 per cent off Hudson's Bay products at their Etobicoke warehouse, this sale is ramping things way up, with discounts of up to 60 per cent off everything.When I say everything, I really do mean everything. You'll be able to score 60 per cent off furniture and 50 per cent off patio furniture, on top of discounts on kitchenware, apparel, decor, handbags and ev...

Other

6 d. ago BoC reports show trade uncertainty takes toll on business and consumer confidence

OTTAWA — A pair of reports from the Bank of Canada pointed to declining business and consumer sentiment in the first quarter as the uncertainty over U.S. tariffs took their toll. The central bank’s business outlook survey said Monday that 32 per cent of firms are now planning with the assumption that a recession will […]

Economics

1 week ago edatanetworks Inc. Enhances Patent Portfolio in Voice for Community at USPTO

EDMONTON, Alberta — edatanetworks Inc. announced today the approval of patent 18/401,429 from the United States Patent and Trademark Office (USPTO). This patent further enhances edatanetworks’ patent protection linking voice with loyalty. Patent 18/401,429 describes an ecosystem where consumers can use a voice assistant to discover local near-by businesses that care. These businesses commit to […]

Other

2 w. ago US Consumer Spending Barely Rises, Key Inflation Gauge Picks Up

Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.

Economics

2 w. ago India’s Heat Waves Fuel Air Conditioner Sales, Defying Consumer Slowdown

India’s air conditioner makers are expecting a sales boom as historic heat, and forecasts of more hot weather to come, boosts demand for cooling systems.

Other

2 w. ago Lululemon sees more ‘modest’ growth in U.S. as consumers turn cautious

Lululemon Athletica Inc. is expecting modest growth in its U.S. business this year, with consumers pleased with the clothing retailer’s fresh offerings but cautious about the economy. Chief executive Calvin McDonald told a quarterly conference call Thursday that the company has done some polling with Ipsos that suggests U.S. customers are spending less due to […]

Other

2 w. ago China Adviser Urges Boosting Consumption to 70% of GDP by 2035

China should raise consumption to a level close to those of developed countries in the next decade, a government adviser said, adding to calls to rebalance the world’s second-largest economy away from investment and export.

Other

3 w. ago Consumers could find ’meaningful savings’ as carbon price ends: Desjardins

OTTAWA — Canadians can expect to feel the absence of the consumer carbon price at the pumps immediately but it may take longer to notice a difference in the price of other goods, a new report released Wednesday suggests. The analysis by Desjardins Economics comes less than a week after Prime Minister Mark Carney and […]

Economics

3 w. ago Oil Advances After China Lays Out Steps to Boost Consumption

Oil rose for a second day after China, the world’s biggest importer, said it would take steps to revive consumption by boosting incomes.

Other

3 w. ago Oil Advances as China Plans Economic Boost, Red Sea Risks Grow

Oil rose for a second day after top importer China said it would take steps to revive consumption by boosting incomes, and the US ordered fresh attacks on the Houthis in Yemen.

Other

4 w. ago Panetta: Our rallying cry is 'Buy Canadian' but it can be challenging

Escalating trade tensions have ignited a new wave of patriotism and desire to 'Buy Canadian' but sustaining the momentum will be a challenge

Other