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News from Canada
Economy sheds 42,000 jobs, unemployment rate steady in August: StatCan
The previously hot labour market stalled out to end the summer with a loss of 42,000 jobs in August, Statistic…
Pressure in China helps convince Volkswagen it’s time to change
Volkswagen said it plans to phase out production over 2031-34 at four plants, saying that it could not foresee…
Soaring cost of post-secondary school education leaves RESP relief in the dust: Dale Jackson
Back-to-school brings mixed feelings for young parents across the country but none are likely how much their c…
State of Canadian cottage real estate analyzed as buyers navigate shifting market
As cottage prices continue to climb in other parts of Canada, buyers have expanded their search and many now w…
World food prices at highest since 2022 as supply risks mount, FAO says
World food prices rose in August to their highest since late 2022, as adverse weather and war disruption in th…
China’s Xi to bring large CEO delegation on U.S. visit, sources say: Reuters exclusive
President Xi Jinping is preparing a large business delegation to accompany him on his visit to Washington, two…
Japanese motor-maker Nidec says it found hundreds of cases of quality control misconduct
Nidec, which employs more than 100,000 people, makes motors of various sizes, used in a range of applications,…
Lululemon shares dive as challenges keep investors at bay ahead of new CEO’s tenure
Shares of Lululemon Athletica fell about 18 per cent in premarket trading on Friday after the sportswear maker…
Norway’s US$2 trillion sovereign fund proposes deep cuts to U.S. Treasury holdings
The manager of Norway’s US$2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure …
Bond yields are soaring to multi-decade highs. What does that mean for Canadian consumers?
The bond market is experiencing a steep, global sell-off, creating waves for consumers and investors alike. He…
Musk launches steering-wheel-free taxi service in bet riders lose 'no control' fears and hop inside
The rollout of the gold-coloured Teslas, which give passengers no way to take control in an emergency, comes a…
TD Bank COO departing after less than one year in the job in latest executive shakeup
TD Bank Group’s chief operating officer, Taylan Turan, is leaving the Toronto-based lender after less than one…
This online ticket seller has been fined by the Ford government
Ontario has issued what could be its first fine against a ticket reselling platform under the province’s anti-…
Volkswagen says cutting 100,000 jobs by end of decade
German car giant Volkswagen said Thursday that management and unions had agreed to cut a total of 100,000 jobs…
TSX rises 1.5% amid basic materials gains, U.S. stock markets also higher
Canada’s main stock index rose 1.5 per cent Thursday, helped by gains in materials and technology stocks, as U…
Air Canada targets global growth with new routes, while U.S. travel demand still sags
Air Canada is embarking on a major expansion of its overseas network, announcing seven new routes in Europe an…
Lululemon cuts outlook as Q2 profit, revenues drop
Lululemon Athletica Inc. says its second-quarter profit and revenues dropped from last year and the company is…
Bank of Canada unveils new $20 bill featuring King Charles
The Bank of Canada has unveiled a new version of the $20 bill, which is set to be put in circulation in Februa…
Two provinces seek a billion-dollar investment to make Canadian food easier to move, cheaper to access
Proponents argue that regional food terminals would concentrate producers to cut shipping costs and strengthen…
Ottawa spending $4.7B on new made-in-Canada Via Rail passenger cars
Prime Minister Mark Carney announced a $4.7 billion contract to build 313 new passenger cars for Via Rail on T…
Lululemon share price falls as much as 19% after earnings report
Vancouver-based yogawear retailer Lululemon Athletica Inc. (Nasdaq:LULU) saw shares fall as much as 19.5 per c…
Vale not moving forward with critical-minerals subsidiary IPO, sources say
Part of the reason for pulling the transaction is that the Brazilian government objects to loss of control ove…
The federal gas tax cut: Great politics and a terrible investment
Ottawa estimates that the full cost of the measure will be $5.3-billion. Every cent goes straight to the defic…
What trade war? Suddenly, Canadian consumers are looking healthier than U.S. shoppers
Canadians seem to be feeling more confident at the till than their American counterparts
New Alberta recycling fee on solar panels adds extra burden, renewables sector says
Charge seems to reflect government’s lack of support for any part of energy industry that isn’t oil and gas, c…
Apple sued for alleged patent infringement by German company BASF
Chemical company accuses Apple of infringing patented face authentication tech in many iPhone and iPad models
Everything we know about Carney’s investment summit
The high-profile nature of the event has many on Bay Street keeping close tabs on its agenda
TD chief operating officer Turan to depart after less than a year
COO led bank’s transformation strategy in wake of U.S. anti-money-laundering failures
Tesla to launch self-driving ‘Cybercab’ in Texas
Last year Tesla debuted its self-driving cars in Austin using its Model Y SUV vehicles, with the “Robotaxi” se…
SpaceX, Blue Origin ditch Paris space summit: France ministry
Stoke Space and Starcloud also pulled out, it added.
Ontario fines SeatGeek $25,000 under ticket resale law that aims to prevent scalping
Ontario has issued what could be its first fine against a ticket reselling platform under the province's anti-…
Volkswagen board approves cutting 50,000 more jobs and closing 4 plants
Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would cut 50,000 jobs, …
Canada July trade surplus shrinks, U.S. exports drop
Canada’s trade surplus narrowed sharply in July as exports of energy and metal products shrank while imports r…
How bad would it be for Canada if the U.S. left CUSMA? What a report suggests
Boosting trade with a more diverse array of international partners would only plug part of the hole in Canada’…
Rogers Stadium Faces 'Significant Damage' Following Toronto Storm
One of Toronto's biggest concert venues has taken a hit. Rogers Stadium was left partially damaged after a hea…
Ontario paper cup and bowl maker sees demand surge from local foodservice customers
Number of so-called tariff winners may be small and could shift as the U.S. trade dispute unfolds
Dutch central bank moves billions in gold to U.K. from Ottawa, New York
The Dutch bank owns 612.4 metric tons (675 tons) of gold that was worth 72.2 billion euros (about $83.6 billio…
Major AI firms agree to Ottawa’s new data-centre framework as public opposition grows
Developers must minimize water use, be transparent about local impact, and not shift electricity costs to Cana…
Want to build a data centre in Canada? These are the federal government's new expectations
The federal government announced a new framework outlining key expectations for responsible data centre develo…
Canada posts $769M merchandise trade surplus in July as exports fall
Statistics Canada says the country posted a merchandise trade surplus of $769 million in July as exports fell …