8 h. ago Spectre of Trump tariffs already impacting Calgary businesses, say advocates

Calgary Chamber of Commerce President Deborah Yedlin called for short-term business supports, improvements in competitiveness through less red tape and taxation and better collaboration between governments

Economics

11 h. ago Spin Master CEO sees ‘volatility’ in consumer spending amid tariff drama

TORONTO — Spin Master Corp.’s CEO says he has an eye on “numerous points of volatility” the toy maker could face this year. Max Rangel said Tuesday the Toronto-based company stands to be impacted by 10 per cent tariffs U.S. President Donald Trump has levied on goods entering his country from China. Spin Master, which […]

Economics

28 h. ago Trump says U.S. tariffs on Canada will proceed and here's his full statement

U.S. President Donald Trump confirmed today that U.S. tariffs will be proceeding against Canada and they could start as early as next week. Trump responded to a reporter's question about tariffs during a joint press conference with French President Emmanuel Macron earlier today. The reporter had asked Trump if the tariffs would proceed or whether Mexico and Canada had "done enough on the border" to stop them from taking effect.🚨MAJOR BREAKINGDONALD TRUMP CONFIRMS THAT TARIFFS ON CANADA WILL "GO FORWARD. ON TIME"likely referring to the first week of MarchThis, after the Bank of Canada warned they had no tools to effectively deal with inflation AND a depression. pic.twitter.com/hMNAm5UEHr— Tablesalt 🇨🇦 (@Tablesalt13) February 24, 2025The announcement comes in the wake of the Bank of Canada warning that U.S. tariffs could have a "severe" impact on Canada's economy.Trump's full statement on U.S. tariffs on CanadaWe're on time with the tariffs, and it seems like that's moving...

Economics

28 h. ago Bank of Canada warns U.S. tariffs would have 'severe' impact

Tariffs could weaken the country's economy in the next two years, says Bank of Canada (BoC) governor Tiff Macklem.While speaking to members of the Mississauga Board of Trade and the Oakville Chamber of Commerce on Friday, Feb. 21, Macklem highlighted the uncertainties brought about by tariff threats and compared its potential impact to the pandemic."In the pandemic, we had a steep recession followed by a rapid recovery as the economy reopened. This time, if tariffs are long-lasting and broad-based, there won't be a bounce-back," he stated."We may eventually regain our current rate of growth, but the level of output would be permanently lower. It's more than a shock — it's a structural change."He stated that even the period of uncertainty is "already causing harm" and that a trade conflict would cost people their jobs and reduce exports and investments.The immediate impact of tariffs on CanadaMacklem pointed out that the threat of tariffs has brought about uncert...

Economics

34 h. ago Apple invests $500B in U.S. amid tariffs that could affect iPhone

The move comes just days after President Donald Trump said Apple CEO Tim Cook promised him that the company would shift from Mexico to the U.S.

Technology

37 h. ago Trump’s tariffs could pose problems for Canada’s hardware, chip makers

With tariffs still looming for Canada, various hardware and chip producers in the country are bracing for the potential impact and what it could mean for their businesses.

Economics

3 d. ago Media Advisory: Picket Line Locations for Calgary, Foothills and Black Gold Strikes

CALGARY, Alberta — The Canadian Union of Public Employees released the picket line locations for Monday, February 24, 2025. Please note, that these locations are for Monday only. Going forward, CUPE expects locations to change. CUPE 40 (Calgary Board of Education) 7:00 am-9:00 am: McDougall Centre, 455 6 St SW, Calgary 9:00 am-11:00 am: Calgary […]

Other

4 d. ago U.S. stocks plunge as Trump tariff fears spread among businesses, consumers

The Dow Jones Industrial Average dropped 748 points and other indexes fell sharply as fears about tariffs impacting the U.S. economy spread.

Economics

4 d. ago Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

MISSISSAUGA, ONT. — U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. “A new crisis is on the horizon. If U.S. tariffs play out as threatened, the economic impact would be severe.” But unlike the inflation […]

Economics

4 d. ago How Trump’s tariffs could hurt Canada’s home construction industry

U.S. President Donald Trump postponed widespread tariffs on Canada, but Canadian homebuilders say the uncertainty of what could be imposed is creating issues.

Economics

5 d. ago Tariffs could force ‘rebalancing away’ from U.S. for oil exports: Cenovus CEO

Speaking on Cenovus's fourth-quarter earnings call on Thursday, president and CEO Jon McKenzie said the tariffs could affect "so many of the variables that impact our cash flow."

Economics

5 d. ago After Chinese company divested from Calgary lithium firm, mystery firm stepped in

The federal government is going to court to force a Toronto company to sell a $34-million stake in a Calgary-based lithium firm that it bought off a Chinese company. The government had already deemed the previous Chinese owner’s investment in Lithium Chile Inc. to be harmful to national security, and it says in a Federal […]

Economics

7 d. ago Mounties make huge seizure of contraband cigarettes in Brooks

RCMP have smoked out a large shipment of contraband cigarettes in Brooks. The say they received a tip on Feb. 13 about the illegal smokes contained in a truck headed for a business in the town 190 km southeast of Calgary. After intercepting the truck, RCMP found 36,000 cartons of contraband cigarettes. “Officers pulled over […]

Other

7 d. ago Media Advisory: Calgary politicians, business leaders to get a first

Media invited to panel discussion and tour of Carbon Upcycling’s facility on Wednesday, Feb 19 Calgary, Feb. 18, 2025 (GLOBE NEWSWIRE) — On Wednesday, February 19, New Economy Canada, Carbon Upcycling and the Calgary Construction Association are bringing together local elected officials, construction industry and business leaders and tradespeople for an important discussion on how […]

Politics

7 d. ago Looking back at Calgary's tent city — in 1905: From the archives

Tents weren’t uncommon in Calgary’s early days, as settlers arrived and sought housing on a temporary — and sometimes not so temporary — basis. Tents were used as business premises, too, back in the late 1800s and early 1900s, and many of the city’s earliest businesses, including the Calgary Herald, started their operations in a […]

Other

8 d. ago Yukon premier says trip to Washington, D.C., highlighted North amid tariff dispute

WHITEHORSE — Yukon Premier Ranj Pillai says he met with elected representatives from Alaska to discuss the importance of working together and the impact of possible tariffs on both counties. A statement from Pillai says he met with Alaska Senator Lisa Murkowski and House Representative Nick Begich as part of a trip to Washington, D.C., […]

Economics

8 d. ago Parker: New leader of Calgary Health Foundation aims to continue legacy of service

Respected business and community leader Murray Sigler has been fortunate to spend a long career involved in leadership roles, embracing his passions for philanthropy, business and sports. He has announced his retirement as president and CEO of Calgary Health Foundation, but will no doubt remain active in service to this community. The Foundation is embarking […]

Politics

8 d. ago Canada’s sugar, candy industry could be hit hard by tariffs, experts say

Canada and the U.S. are currently in a month-long truce after President Donald Trump threatened sweeping tariffs on Canadian imports.

Economics