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News from Canada
August jobs report ‘disappointing’ but too soon to sound the alarm: economists
Economists weren’t ringing any alarm bells after fresh data showed the labour market broke its hot streak with…
3.75% SGI rate hike approved in Saskatchewan, driven by rising repair costs
SGI Auto Fund rates will increase by 3.75 per cent in June of 2027, according to the Saskatchewan government. …
S&P/TSX composite edges higher in late-morning trading, U.S. stocks lower
Canada’s main stock index edged higher in late-morning trading helped by gains in the industrials sector, whil…
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…
Montreal home sales fell 13% in August as market goes through ‘rebalancing,’ real estate board says
Home prices were up year-over-year across all categories for the month
Trump threatens trade cut off with some countries if Fed doesn’t cut interest rates
‘We should have the LOWEST RATE of any country in the World...,’ Trump said in a Truth Social post
Norway’s $2.3-trillion sovereign fund proposes large cuts to U.S. Treasury holdings
Norges Bank IM says any changes would be done gradually to limit market impact and transaction costs
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 …
U.S. job market rebounds as employers add 162,000 jobs
The U.S. labor force — the number of people working or looking for work — jumped by 683,000 last month after f…
Economy sheds 42,000 jobs, unemployment rate steady in August, says StatCan
StatCan said there was little change in the private sector and self-employment in August, but the public secto…
U.S. diesel prices soar to an all-time record high
Diesel hit a new record price in the U.S., soaring to an average of $5.85 a gallon for the first time ever as …
The Week in Numbers: Nvidia snaps up Hugging Face, Shein's lacklustre IPO
From Nvidia buying platform developer Hugging Face for billions to Shein's lacklustre IPO, here's a round up t…
Yen’s tide turns as traders rethink years-long bets against the currency
The yen is on track for a roughly 2 per cent surge against the greenback this week – the most since a rare joi…
Volkswagen’s surprise turnaround agreement averts stakeholder clash as job cuts loom
The deal on the biggest restructuring in the group’s history includes a further 50,000 job cuts, bringing the …
U.S. nonfarm payrolls surge in August; unemployment rate holds at 4.1%
Data point to still stable labour market and keep a Fed interest rate hike this month on the table
Rogue OpenAI agents hijacked German website in AI breakout this spring
OpenAI officials learned of the incident weeks ago but kept it under wraps as executives grappled with the fal…
Canada’s economy loses 41,700 jobs in August, unemployment steady at 6.4%
Losses fell short of economists’ expectations for a gain of 15,000 positions
Business Brief: Behind the back-to-office numbers
Downtown Toronto’s towers are rapidly filling up
In downtown Toronto, the office is back
Many Bay Street towers have gone from a glut of empty space to near capacity. We crunched the numbers on the o…
The Trans-Pacific partnership is increasingly serving as Canada’s insurance policy against Trump’s trade tumult
With more countries considering membership, the trade pact is proving to be a gift for middle powers
So thick is Ottawa bureaucracy, even Carney’s hand-picked defence man has had enough
Doug Guzman, CEO of the federal government’s new Defence Investment Agency, is expected to leave his job after…
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…