Category: Bussines

Liquidation sales at Hudson’s Bay’s remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to 70 per cent. At the ailing company’s flagship Toronto store on Yonge Street, a few customers lingered by the doors just before they opened at 10 a.m. Once they made their…

China exempted some U.S. imports from its 125 per cent tariffs on Friday, according to businesses, although China quickly knocked down U.S. President Donald Trump’s assertion that negotiations between the two countries were underway. Trump’s administration has in recent days signalled it is looking to de-escalate the confrontation between the world’s two largest economies, which has so far frozen much of…

With a licence plate and set of keys in hand, Jerry Chen gets into the new Toyota Highlander his family decided to purchase before U.S. President Donald Trump’s auto tariffs kicked into gear. Chen and his wife, who have two children, bought the vehicle from a Toyota dealership in Bloomfield Township, a northern suburb of Detroit. …

The White House has indicated that it could lower its tariffs on China, but experts say the exact figures might not make much of a difference. Right now, the U.S. has 145 per cent blanket tariffs on Chinese goods, while China has a 125 rate on U.S. goods. The levies jumped to those levels earlier this…

Through a fluke of timing, the federal election coincides almost perfectly with the one-year anniversary of the government-owned Trans Mountain Pipeline expansion coming online — at a time when public sentiment around pipelines is relatively positive. The two campaign front-runners are both emphasizing energy infrastructure, driven by U.S. President Donald Trump’s tariffs and threats of annexing…

Canada’s united boycott of U.S. booze could result in a banner year for British Columbia’s wine industry, while also delivering a financial blow to vineyards south of the border. The Buy Canadian movement is expected to boost demand for B.C. wine and some other types of homegrown liquor as the absence of U.S. product means…

Whoever wins Monday’s election will have an enormous task of rebuilding the Canadian economy after years of stagnation — and in the face of an escalating trade war with the United States. They’ll have their work cut out for them. But CEOs and industry leaders say these twin crises offer what many industry leaders are…

The planned construction of a multi-billion dollar, net-zero petrochemical project near Edmonton will be delayed as chemical firm Dow Inc. looks to conserve cash amid unfavourable market conditions, the company said Thursday. Dow’s Path2Zero facility — to be built in Fort Saskatchewan in Alberta’s Industrial Heartland — was first announced in 2021 and garnered financial backing from the…

Here’s some candid, non-academic language to describe an unusual pattern in American markets, brought to you by a monetary-policy historian. Stocks? Down. The U.S. dollar? Same. Demand for U.S. bonds? Also sinking. This isn’t supposed to happen — not all three at once. But Barry Eichengreen sees a historic reaction where there’s really one common…

The Quebec Court of Appeal is ordering Air Canada to pay passengers more than $10 million in damages in a class-action lawsuit that alleged they were charged higher amounts than the ticket price advertised. In a ruling Tuesday, Justice Judith Harvie wrote that Air Canada showed “ignorance and laxity” when the airline concluded it was…