3 h. ago Trump Vows 200% Tariff on EU Wine, Escalating Trade Tensions

President Donald Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages, the latest escalation in a brewing trade war between the US and the EU.

Economics

8 h. ago Threat to tariff or cutoff U.S. energy stays on the table as Ford heads to Washington

Doug Ford is set to fly in and out of the U.S. capital on Thursday for a meeting with President Donald Trump's commerce secretary which could calm or reignite trade tensions.

Economics

56 h. ago Volkswagen Sees Flat Margin This Year as Trade Tensions Rise

Volkswagen AG expects profitability to remain roughly flat this year as the German automaker contends with muted demand in Europe and worsening trade conflicts.

Economics

4 d. ago 'This is a big loss for Canada': Hudson's Bay files for creditor protection to avoid bankruptcy

The company said significant pressures, including subdued consumer spending, trade tensions between the U.S. and Canada, and a post-pandemic decrease in downtown store traffic, are factors in the decision.

Economics

5 d. ago Hudson’s Bay seeks creditor protection, plans to restructure business

TORONTO — Canada’s oldest retailer, Hudson’s Bay, has filed for creditor protection and intends to restructure the business. The department store company that dates back to 1670 announced the move Friday evening, saying it has been facing “significant” pressures, including subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic drops in downtown […]

Economics

5 d. ago Hudson’s Bay seeks creditor protection, plans restructuring amid pressures

The company says it has been facing significant pressures, including subdued consumer spending, U.S. trade tensions and post-pandemic drops in downtown store traffic.

Economics

5 d. ago Canadian travel to U.S. takes unprecedented nosedive amid trade war

As trade tensions bring uncertainty between Canada and the U.S., one travel agency says it's seen a steep drop in the number of Canadians booking American trips.Amra Durakovic, head of communications for Flight Centre Travel Group Canada, said that although the U.S. is a popular destination for Canadian travellers, more are choosing to cancel or forgo their trips south of the border.Durakovic said Flight Centre has noticed a 20 per cent increase in cancellations of trips from Canada to the U.S. Many Canadians are even willing to pay high cancellation fees.People from Ontario cancelling U.S. travel plans over political tensions https://t.co/F51fp34TmU— blogTO (@blogTO) February 16, 2025"We looked more granular into our data for Flight Centre, and we noticed that for the month of February, when we compare 2025 to 2024, there's actually a 40 per cent decrease in bookings from Canada to the U.S.," she said. "And this really aligns more broadly with industry tre...

Economics

6 d. ago Japan to Send Trade Minister Muto to US Amid Tariff Tensions

Japan’s Trade Minister Yoji Muto will visit the US next week as Tokyo steps up efforts to seek a reprieve from President Donald Trump’s tariff campaign.

Economics

7 d. ago Worried about layoffs and retirement? Steps you can take during a trade war

As tariffs rise and trade tensions escalate, many Canadians may be left wondering how their finances, job security and retirement plans could be affected by economic uncertainty.

Economics

8 d. ago Hundreds gather outside U.S. Embassy to protest Trump’s tariffs

Protesters chanted against the trade war and called for boycotts as tensions escalate over new tariffs and stalled military aid to Ukraine.

Economics

8 d. ago ‘I’m not Elon Musk’: Winnipeg man defends Cybertruck purchase despite backlash

A Winnipeg man says owning a Tesla Cybertruck has led to vandalism and death threats, as trade war tensions increase between Canada and the U.S. 

Transport

2 w. ago ‘I feel disrespected’: Ontario town considers removing U.S. flags from its buildings

An Ontario township is moving to remove permanently affixed American flags from community buildings, citing growing tensions with the U.S over trade and political relations.

Other