Author: admin

A steep decline in Canadian travel to the U.S. has dealt a blow to airlines that usually cash in on popular Florida beach vacations and family trips to Disneyland. That’s left airlines scrambling to adjust their summer schedules, trim U.S. flight capacity and add more seats to destinations within Canada and overseas. WestJet, for example,…

Though the deadline to file tax returns is less than two weeks away, tax slips for many Canadian taxpayers are still not showing up through the Canada Revenue Agency’s (CRA) online platforms. Each year, employers and financial institutions have to give copies of tax documents — like T4 slips, which show income information from your…

 A program announced this week to help some Canadian businesses faced with expensive counter-tariffs might not be enough to entirely spare some manufacturing firms from damage, say observers. And one such company in rural Manitoba is already feeling the bite.  Since the trade war with the U.S. erupted last month, PhiBer Manufacturing has been paying “tens of thousands of dollars…

Alphabet’s Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S. government. U.S. District Judge Leonie Brinkema in Alexandria, Va., ruled that Google unlawfully monopolized markets for publisher ad servers and the market for ad…

China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a sky-high tariff on goods shipped from China. Temu, which is owned by the Chinese e-commerce…

As the trade war between the U.S. and China escalates, the biggest questions are which side has more leverage and which is willing to tolerate more pain. China exported more than $400 billion US to the United States last year, much more than American companies sold to China. That’s why the Trump administration claims it…

The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts. Instead, the central bank produced two scenarios on what could happen, including one that predicted a deep recession in Canada and…

Ontario’s government tabled new legislation Wednesday to reduce internal trade barriers, and Premier Doug Ford signed related agreements with two provinces, both in efforts to make the economy more resilient against the effects of American tariffs. At an announcement Wednesday, Ford told reporters that trade barriers within Canada were essentially a self-imposed tax, raising the cost of everyday goods and services…

California Gov. Gavin Newsom said Wednesday that his state will file a lawsuit challenging U.S. President Donald Trump’s authority to impose sweeping tariffs that have set off a global trade war. The suit will argue that Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China, or a…

After months of trade war back-and-forth, the impact of tariffs is starting to make its way onto our dining room tables, according to experts working in the Canadian food and grocery industry. Small grocers in particular have been paying more for the products that line their shelves, said Gary Sands, senior vice-president of the Canadian…