Latest in Business
CUSMA Deal Breakdown Threatens Canadian Jobs, Economy
A new report warns that the failure to renegotiate the Canada-United States-Mexico Agreement (CUSMA) could lead to significant economic repercussions for Canada. The analysis suggests a potential loss of over 100,000 jobs and substantial financial impact.
CUSMA Collapse Could Cost 100,000 Canadian Jobs: Report
A new report warns that the breakdown of the Canada-United States-Mexico Agreement (CUSMA) could lead to significant job losses in Canada. If the trade deal collapses, an estimated 100,000 Canadian jobs could be eliminated.
Canada Adds 75K Jobs in July, US Economy Sheds Positions
Canada's economy significantly outpaced job growth expectations in July, adding 75,100 positions and pushing the unemployment rate to a two-year low. In contrast, the United States experienced a net loss of 23,000 jobs during the same period.
Canada's Economy at a Crossroads: Key 24 Hours Loom
Recent economic data suggests Canada may be on the cusp of a significant economic shift. A critical 24-hour period could determine the nation's trajectory amidst global trade uncertainties and domestic policy decisions.
US Jobs Unexpectedly Decline, Canadian Dollar Surges
In a surprising turn of events, the United States experienced a job loss in July, with nonfarm payrolls decreasing by 23,000. This data has sent ripples through financial markets, impacting currency valuations and economic outlooks on both sides of the border.
Canadian Rents Decline 4% in July, Market Stabilizing
New data reveals a notable drop in average asking rents across Canada in July, signalling a market shift. While stabilization is evident, a full recovery is not yet in sight for renters.
Canadian Agriculture Needs Tech to Drive Future Growth
Canadian agriculture has immense potential, but an innovation drain and slow technology adoption are hindering its growth. Experts emphasize the need for strategic investment and policy shifts to unlock the sector's full capabilities.
Canada Adds 75,000 Jobs in July, Unemployment Rate Dips
Canada's job market showed surprising strength in July, adding 75,000 new positions and pushing the unemployment rate down to a two-year low. This robust performance exceeds economist expectations and signals continued resilience in the Canadian economy.
Canada July Jobs Report Due: Eyes on Economic Health
Canadians are awaiting crucial economic indicators this morning as Statistics Canada prepares to release its July employment figures. The report will offer insights into the country's job market performance and broader economic trends.
Trump Administration Refunds Billions in Scrapped Tariffs
The U.S. administration has issued refunds totaling approximately $100 billion for tariffs previously imposed and subsequently struck down by the Supreme Court. This significant financial reversal follows a February ruling that invalidated a large portion of the International Emergency Economic Powers Act (IEEPA) tariffs.
Shopify AI Boost Fuels Share Surge on Positive Outlook
Shopify's stock price experienced a significant increase following a new forecast indicating that artificial intelligence is enhancing rather than hindering the e-commerce giant's business operations. The company's strategic integration of AI appears to be a key driver of this optimistic financial outlook.
TSX Surges Over 450 Points on Hormuz Reopening Hopes
Canadian markets experienced a significant rally, with the main stock index gaining over 450 points. This surge is primarily driven by optimism surrounding the potential reopening of the Strait of Hormuz, a critical global shipping lane.
Canadian Businesses Await Federal Economic Agenda Execution
Canadian businesses are expressing cautious optimism regarding the federal government's economic agenda. While many see promise in the proposed measures, the critical factor now lies in swift and effective execution to translate these plans into tangible results.
Shopify Forecasts Strong Revenue Growth Above Estimates
Canadian e-commerce giant Shopify has projected quarterly revenue exceeding Wall Street expectations, signaling a robust performance driven by its AI initiatives. The positive outlook follows a strong second quarter where the company surpassed revenue forecasts.
Canada's Trade Surplus Grows to $3.9 Billion in June
Canada's merchandise trade surplus saw a significant increase in June, reaching $3.9 billion. This growth was driven by a rise in exports, offering positive signals for the Canadian economy.
Canada Shifts Policy on US Streamer Contributions to Broadcasting
Canada is moving away from compelling U.S. streaming services to finance domestic broadcasting. The government has indicated it will abandon mandatory financial contributions from these platforms, opting instead for government funding to support the Canadian content sector.
Canada's Competitive Edge Hinges on Domestic Policy
The Canadian Chamber of Commerce is urging a renewed focus on domestic policy to bolster the nation's competitive advantage. Key recommendations centre on reducing internal trade barriers and streamlining regulations to foster business growth and investment.
New Gordie Howe Bridge Opens Amidst US-Canada Trade Tensions
The highly anticipated Gordie Howe International Bridge officially opened to traffic today, connecting Detroit, Michigan, and Windsor, Ontario. The inauguration, however, is overshadowed by ongoing trade disputes between the two neighbouring countries.
Provinces Urged to Avoid Overreacting to Trump Tariffs
A business expert from Newfoundland is advising Canadian provinces against impulsive reactions to the latest round of U.S. tariffs, urging a strategic approach instead. The tariffs, announced by U.S. President Donald Trump, target a broad range of Canadian exports.
GE Aerospace, Magellan Eye Gripen Deal with Canada
Two key aerospace firms, GE Aerospace and Magellan, have inked a preliminary agreement for potential work on the Saab Gripen fighter jet. This collaboration is contingent on Canada's decision to procure the advanced aircraft for its air force modernization efforts.
B.C. Fraudster Fights Canadian Market Ban Amidst US Conviction
A B.C. man convicted in a multi-million dollar U.S. stock fraud scheme is now challenging a proposed ban from Canadian public markets. Jackson T. Friesen argues the ban is unwarranted while his appeal to the U.S. Supreme Court is pending.
Big Tech's AI Spending Strains Canada's Bond Market
Major technology companies are increasingly turning to Canada's bond market to fund their massive artificial intelligence infrastructure buildouts. This surge in demand is reshaping the landscape for Canadian corporate bonds and raising questions about market capacity and investor appetite.
Canada's Inflation Eases to 2.8% on Lower Gas Prices
Canada's inflation rate saw a welcome deceleration in June, dropping to 2.8 percent. This easing is largely attributed to a significant decrease in gasoline prices, offering some relief to consumers.
Statistics Canada to Release June Inflation Data Monday
Canadians are awaiting crucial economic indicators as Statistics Canada prepares to release its June inflation figures on Monday, July 20th. This report will provide insight into the latest price pressures affecting households across the country. The Bank of Canada has maintained its key interest rate, signalling a cautious approach to monetary policy amidst evolving economic conditions.