9 d. ago Lululemon CEO ‘not satisfied’ with Q2 results as profit declines

Lululemon Athletica Inc.’s CEO says he is not happy with the clothing retailer’s latest results, as it faces softer consumer demand and tariff headwinds, coupled with the removal of the de minimis exemption for small U.S.-bound shipments. “We are not satisfied with the results for the quarter, and we know our brand can and will […]

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2 w. ago Small parcels to U.S. in limbo as Trump moves to end tariff exemption

WASHINGTON — An approaching U.S. deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world’s biggest economy, with businesses halting shipments to American consumers and mulling price hikes. Come Friday, U.S. President Donald Trump’s administration is abolishing a rule that allows packages valued at $800 or below to enter […]

Economics

2 w. ago Trump killed a tariff exemption for small shipments and now Canadian businesses are scrambling

Thousands of entrepreneurs are looking for U.S. warehouse space, but they’ve only been given a few weeks

Economics

2 w. ago Mexico says it’s suspending postal shipments to the US over latest tariff confusion

MEXICO CITY (AP) — Mexico said Wednesday its postal service was suspending package shipments to the United States ahead of an end to the exemption on tariff duties for low-value packages by the Trump administration. The announcement follows similar moves by postal services from the European Union and several other countries to pause shipping as […]

Economics

2 w. ago Tariff exemption scrapped by Trump could mean higher costs for shoppers, trouble for retailers

De-minimis rule allowed low-value packages worth less than $800 to imported duty-free

Economics

2 w. ago LeBlanc has lengthy, constructive meeting with Lutnick in Washington

WASHINGTON — Canada-U.S. Trade Minister Dominic LeBlanc’s office says he had a lengthy and constructive meeting with U.S. Commerce Secretary Howard Lutnick in Washington Tuesday. It comes after Prime Minister Mark Carney announced last Friday that Canada will drop some retaliatory tariffs on U.S. products to match American tariff exemptions for goods covered under the […]

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2 w. ago Shipping to the U.S. about to get more expensive as tariff exemption loophole closes

Extra costs likely will take some small businesses out of the U.S. market says Calgary economics professor

Economics

2 w. ago Looming end of U.S. ‘de minimis’ tariff exemption ‘catastrophic’ for B.C. business

The U.S. is slated to eliminate what is known as the "de minimis exemptions," a provision in U.S. law that allows imports valued at $800 or less to be treated duty-free.

Economics

4 w. ago Spirit Halloween already opening stores in Ontario in the middle of summer

It might only be mid-August, but it seems Halloween fanatics in Ontario are already gearing up for the spooky season. Although the autumn holiday is still 77 days away, American retailer Spirit Halloween has prematurely begun opening stores across the province, which, depending on where you fall on the Halloween-loving spectrum, could be considered either exciting or early to a fault. As expected, the early rollout already sparked elation (and an equal amount of confusion), with costume planning apparently well underway for a large portion of shoppers.     View this post on Instagram           A post shared by Spirit Halloween (@spirithalloween)As of Aug. 15, locations now open include Spirit Halloween on King Street and in North York, Erin Mills, Bramalea City, Stoney Creek, Upper James, and Niagara Falls.More stores are expected to open later this month in areas like St Clair A...

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