24 h. ago Restaurant sales projected to contract in 2025 amid trade war with U.S., despite a strong start to the year thanks to the GST/HST holiday

Toronto, May 05, 2025 (GLOBE NEWSWIRE) — While the GST/HST holiday prevented foodservice bankruptcies and boosted sales and employment in the first two months of 2025, the tariff war has thrown the industry into uncharted waters, finds Restaurants Canada’s latest Quarterly Report. Restaurants Canada’s updated 2025 commercial foodservice sales forecast is now in negative territory. […]

Society

3 d. ago Auto parts tariff exemption provides ‘certainty and relief,’ says Magna

TORONTO — The head of Magna International Inc. is cheering a tariff exemption for automobile parts compliant with the Canada-U.S.-Mexico Agreement. The U.S. had said last month it would start charging a 25 per cent tariff on all imported auto parts by May 3, but U.S. Customs and Border Protection guidance released Thursday provided clarification. […]

Economics

4 d. ago The London area rounds out the top five of cities with the most job losses in the province with automotive and manufacturing sectors at the top of the hit list for the greatest impact, states a study

Ontario's southwest will bear the brunt of the tariff war between Canada and the U.S., with the London region projected to lose 11,500 jobs, a new Ontario report says.

Economics

4 d. ago Canada auto parts get Trump tariff exemption under CUSMA, U.S. says

The bulletin from U.S. Customs and Border Protection says eligible auto parts under the Canada-United States-Mexico Agreement will be subject to a zero per cent tariff.

Economics

5 d. ago How U.S. tariff uncertainty weighed on Bank of Canada’s latest rate move

The Bank of Canada is growing more cautious about interest rate policy as U.S. President Donald Trump's tariffs take effect on the economy, according to the latest report.

Economics

5 d. ago Trump’s ‘Erratic’ Tariff Policy Prompted Bank of Canada Pause

Bank of Canada officials considered cutting interest rates at their April meeting before opting to wait for more information as they weighed the volatile changes in US President Donald Trump’s trade policy.

Economics

8 d. ago THE LATEST: Conservative infighting continues to flare up as campaign winds down

Follow the Toronto Sun’s live coverage of Canada’s 45th general election and tariff-related news, with contributions from Brian Lilley, Bryan Passifiume, Lorrie Goldstein and columnists Joe Warmington and Warren Kinsella, as well as contributions from the Sun’s editors and reporters covering the election ahead of the April 28 vote. Plus, you can find all of […]

Other

8 d. ago How Canadians are standing up to the U.S. and Trump’s tariffs in the grocery aisles

Defiant shoppers are trying new brands and recipes — often paying more — to support Canadian businesses and send a clear message south

Economics

9 d. ago THE LATEST: Leaders have packed itineraries, Liberals maintain slim lead

Follow the Toronto Sun’s live coverage of Canada’s 45th general election and tariff-related news, with contributions from Brian Lilley, Bryan Passifiume, Lorrie Goldstein and columnists Joe Warmington and Warren Kinsella, as well as contributions from the Sun’s editors and reporters covering the election ahead of the April 28 vote. Plus, you can find all of […]

Politics

1 week ago Canada Trucking Firm TFI Hit by Tariff War, Walks Away From Deal

TFI International Inc., one of North America’s largest trucking companies, says US President Donald Trump’s trade war is exacerbating the freight industry’s difficult outlook, and that it was forced to abandon a deal because of it.

Economics

1 week ago Lindt stockpiling chocolate in Canada amid tariff uncertainty

Chocolate maker Lindt & Sprungli says it’s increasing its stockpiles of product in Canada amid uncertainty over the unfolding tariff situation with the U.S. President Donald Trump enacted tariffs on Canada and Mexico earlier this year, only to delay some of them shortly after, and more recently imposed sweeping tariffs on many countries before delaying […]

Economics

1 week ago Posthaste: Job losses ‘unavoidable’ in Canada’s auto sector as Donald Trump doubles down on tariff threat

'I really don’t want cars from Canada' — U.S. president

Economics

1 week ago China says it wants Canada as a partner in pushing back against U.S. tariff ’bullying’

Wang Di said that China and Canada appear to be the only countries taking 'concrete and real countermeasures against the unjustified U.S. tariffs'

Economics

1 week ago Carney’s Liberals Hold Narrow Lead With Six Days Left Before Canada Election

Mark Carney’s Liberal Party is holding on to a narrow lead in opinion surveys with less than a week to go before Canada’s election day, as US tariff threats remain a top issue in the campaign.

Politics

2 w. ago THE LATEST: Poilievre, Singh set for B.C. appearances on second last day of advance polls

Follow the Toronto Sun’s live coverage of Canada’s 45th general election and tariff-related news, with contributions from Brian Lilley, Bryan Passifiume, Lorrie Goldstein and columnists Joe Warmington and Warren Kinsella, as well as contributions from the Sun’s editors and reporters covering the election ahead of the April 28 vote. Plus, you can find all of […]

Other

2 w. ago SATURDAY RECAP: Campaign pluses and minuses, advance poll record

Follow the Toronto Sun’s live coverage of Canada’s 45th general election and tariff-related news, with contributions from Brian Lilley, Bryan Passifiume, Lorrie Goldstein and columnists Joe Warmington and Warren Kinsella, as well as contributions from the Sun’s editors and reporters covering the election ahead of the April 28 vote. Plus, you can find all of […]

Sport

2 w. ago THE LATEST: Polling gap narrows, Greens disinvited from leaders’ debate

Follow the Toronto Sun’s live coverage of Canada’s 45th general election and tariff-related news, with contributions from Brian Lilley, Bryan Passifiume, Lorrie Goldstein and columnists Joe Warmington and Warren Kinsella, as well as contributions from the Sun’s editors and reporters covering the election ahead of the April 28 vote. Plus, you can find all of […]

Politics

2 w. ago Bank of Canada holds interest rate steady for first time in 2025

The Bank of Canada (BoC) announced that it's holding its policy rate at 2.75 per cent on Wednesday morning.Before this, the central bank had made two 0.25 per cent cuts to its key interest rate, with the last one on March 12 bringing the rate to 2.75 per cent.On Tuesday, Statistics Canada shared March inflation data, showing that inflation slowed to 2.3 per cent following a 2.6 per cent increase in February.Last week, Ratehub.ca mortgage expert Penelope Graham told us that while Canada had largely dodged the worst of the tariff pain, the BoC's policymakers would assess the impact on our trade partners, and the effect at home, to make a decision on April 16.She said the central bank would be weighing plummeting consumer and business sentiment, based on its own quarterly survey.Upcoming Bank of Canada rate announcementsKeep an eye on the Bank of Canada website at 9:45 a.m. on the following dates:Wednesday, June 4, 2025 (rate update only)Wednesday, July 30, 2025 (rate up...

Other

2 w. ago The Conference Board of Canada in its recent Major City Insights report, states the London and region economy will grow by 1.7 per cent this year, after growing 1.9 per cent in 2024.

A leading financial agency is forecasting solid economic growth for London, defying fears of a downturn amid a trade and tariff war between the U.S, and Canada. The Conference Board of Canada in its recent major city insights report, predicts the London and region economy will grow by 1.7 per cent this year, after growing […]

Politics

2 w. ago Bank of Canada Likely to Pause to Assess Tariff Hit: Decision Guide

The Bank of Canada is likely to hold interest rates steady on Wednesday as officials take stock of the damage posed by US President Donald Trump’s trade war.

Economics