18 h. ago Trump’s reciprocal tariffs will overturn decades of trade policy

WASHINGTON — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal” tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike. Since the 1960s, tariffs — or import taxes — have […]

Economics

23 h. ago Varcoe: Calgary office vacancy rate creeps above 30% — 'Like climbing out of a hole made of quicksand'

Two major factors could shake up efforts to revitalize the downtown and fill empty office buildings in the core. One is ongoing oilpatch consolidation, which has pushed the downtown office vacancy rate back above 30 per cent during the first three months of the year. The tremors from U.S. tariff threats are creating uncertainty, but […]

Other

5 d. ago RBC CEO Dave McKay says bank well positioned as tariffs create uncertainty

TORONTO — Royal Bank of Canada may see near-term headwinds that drive lower-than-expected performance, but the bank is well positioned amid the current economic uncertainty, chief executive Dave McKay said Thursday. Speaking at the big Canadian bank’s first investor day since June 2018, McKay said RBC has started to see some softening across some of […]

Economics

1 week ago Manitoba to spend on job creation amid U.S. trade battle: finance minister

The Manitoba government signalled Wednesday that its new budget will include supports for people affected by tariffs imposed by the United States and new spending to create jobs.

Politics

2 w. ago Bank of Canada cuts benchmark rate to buffer economy against tariffs

The trade spat put the Bank of Canada in a difficult position as tariffs will likely result in a hit to economic growth, but it could also lead to a flare in inflation

Economics

2 w. ago Canada Energy Minister Warns of Pain on Both Sides in Trade Spat

Tit-for-tat tariffs between Canada and the US will create pain on both sides, Canada’s Energy Minister said, urging the US to have a constructive dialogue on trade.

Politics

2 w. ago Loblaw introduces ‘T’ symbol to identify products impacted by tariffs

In a statement on LinkedIn, the CEO and president of Loblaw Companies Ltd., Per Bank, said the organization has created a tariff symbol (T) to help customers make choices on goods.

Economics

3 w. ago ‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty

OTTAWA — The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada’s largest trading partner lasts. The […]

Economics

3 w. ago Tariffs on auto sector would cause shutdown: Martinrea executive chairman

TORONTO — If the U.S.’s tariffs are fully implemented and not withdrawn, the auto sector would “shut down,” said Rob Wildeboer, executive chairman and co-founder of auto supplier Martinrea International Inc. Most of the costs created by tariffs would not be borne by Martinrea directly, Wildeboer said, but the bigger issue is the effect they […]

Economics

3 w. ago South Bow says tariffs could create challenges in its marketing segment

CALGARY – South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports persists. The levy imposed this week, and Canadian countertariffs against the U.S., have […]

Economics

3 w. ago Pipeline operator South Bow says tariffs could create challenges in its marketing segment

South Bow says it has cut its 2025 outlook for normalized earnings before interest, taxes, depreciation and amortization in its marketing segment by about $30 million.

Economics

3 w. ago ‘They give him a big F’: Algoma Steel CEO says Canadians disapprove of Trump’s tariffs

Mike Garcia says the tariffs have created a cloud of uncertainty that's changing his business

Economics

3 w. ago B.C. government’s budget prioritizes tariff threat and strengthens, diversifies and responds to uncertainty: United Steelworkers

VICTORIA, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) acknowledges the difficult position facing the B.C. government in its 2025 budget and applauds the thoughtful, diligent focus on priorities by Minister of Finance Brenda Bailey. U.S. President Donald Trump’s threats and the imposition of tariffs have created uncertainty for important […]

Politics

4 w. ago Trump’s tariffs impede America’s ‘secret sauce,’ RBC CEO says

Dave McKay says the tariffs indicate a 'real departure' from multilateralism in the U.S.

Economics

4 w. ago MEDIA ADVISORY: Trade wars: Advocates demand urgent action to protect workers and stabilize the economy against the impact of tariffs

TORONTO, March 03, 2025 (GLOBE NEWSWIRE) — The imposition of tariffs will create a widespread recession in Canada. Workers and communities need all levels of government to work together to deliver a comprehensive strategy to stabilize the economy as it responds to the changed trade environment. Central to this strategy must be providing workers and […]

Economics