4 d. ago Waiting on tariffs hardest part for Canadian businesses, CFIB says

'Tariff threat will deeply scar Canada's business community,' CFIB president Dan Kelly says

Economics

6 d. ago Canadian airlines are cutting thousands of seats on flights to U.S.

Airlines in Canada are responding to a significant dip in travel to the U.S. by slashing seats on flights to what once were popular vacation destinations for Canadians.The trade war has diminished Canadians' enthusiasm to travel down south. A recent report found that summer trips to the U.S. have dropped by over 70 per cent.Visual Approach Analytics looked at scheduled seats on flights from Canada to the U.S. in April and found where carriers are making cuts.The weekly data analysis of the commercial aviation market found that leisure destinations are seeing the biggest drop in capacity from Canadian airlines.Florida is being hit the hardest with a 20 per cent reduction in seats going to Fort Lauderdale-Hollywood International Airport and 12 per cent cuts in seats flying to Orlando International Airport."Fort Myers and Palm Beach are down 30 per cent and 43 per cent, respectively, compared to April schedules as they existed on Jan. 1, 2025," wrote Visual Approach founder Courtney Mi...

Other

1 week ago Nearly half of small businesses do not see the U.S. as a reliable partner: CFIB

TORONTO — Canadian small businesses are losing confidence in the U.S. as a reliable trading partner, and are shifting to suppliers in domestic and other international markets in the wake of President Donald Trump’s tariffs. A new report by the Canadian Federation of Independent Business says 47 per cent of members it recently surveyed do […]

Economics

1 week ago Nearly half of small businesses do not see U.S. as a reliable partner: CFIB

A new report by the Canadian Federation of Independent Business says 47 per cent of small businesses do not consider the U.S. a reliable trading partner. The business group says the disruption caused by U.S.-Canada tariffs is causing business owners to shift suppliers and investments to domestic and international markets other than the U.S. CFIB […]

Economics

1 week ago S&P/TSX composite rises Tuesday, U.S. stock markets also higher

TORONTO — Canada’s main stock index rose Tuesday, helped by gains in base metal stocks, while U.S. markets were also higher, holding onto the gains from Monday’s rally as the next deadline for U.S. tariffs looms in just over a week. Investors are waiting for clarity and details on what’s coming April 2, as the […]

Economics

2 w. ago U.S. trade war has Ontario business owners' confidence at historic lows

Ontario small business owners are bracing for the worst amid some of the most uncertain economic times the province has ever faced.Canada's most populous province is expected to be one of the hardest hit by a tariff war with the U.S., and confidence among small business owners in Ontario has plummeted to historic lows.The Canadian Federation of Independent Business (CFIB)'s Business Barometer long-term index took a total nosedive in March, with the small business confidence indicator dropping 24.8 index points to an all-time low of 25 nationwide.To put this sharp decline into perspective, this figure represents lower levels of small business owners' confidence than any point recorded during the pandemic years in the early 2020s, the 2008 financial crisis, or even in the wake of the September 11 attacks in 2001.CFIB"Small business owners are feeling pessimistic about their business's perspectives for the next few months or even beyond. It's hard to make critical decisions for the lon...

Economics

2 w. ago Small business confidence hits record low amid US. tariffs: CFIB

The Canadian Federation of Independent Business says small business confidence dropped to an all-time low in March as the trade war with the U.S. ramped up.

Economics

2 w. ago Tariff uncertainty is affecting Canadian real estate and Ontario is hardest hit

While spring is typically the busiest time of the year to buy a home as more properties become available and competition increases, the housing market this season appears to be in a bit of a decline in Canada —and especially in Ontario — amid the ongoing trade war with the United States. According to a new report from the Canadian Real Estate Association (CREA), home sales in the country fell sharply from January to February, as many prospective home buyers chose to remain on the sidelines due to the threat of U.S. President Donald Trump's tariffs. Sales activity recorded over Canadian MLS Systems dropped 9.8 per cent month over month in February, marking the lowest level for home sales since November 2023, and the largest month-over-month decline in activity since May 2022. "The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leadin...

Economics

3 w. ago John Ivison: Trump’s mad tariff crusade will sink itself. Carney just needs to wait for it

No Canadian politician can engage seriously with a foreign leader whose stated, unapologetic goal is the annexation of the country

Economics

4 w. ago Trump and commerce secretary indicate dairy and lumber tariffs may wait until April

U.S. tariffs on Canadian dairy and lumber may not arrive until next month, according to interviews President Donald Trump and his top commerce official gave to media outlets this weekend. Trump threatened Friday he may hit Canadian lumber and dairy with “reciprocal” tariffs, which he said could come within days. But U.S. Commerce Secretary Howard […]

Politics