business
'It has been devastating,' U.S. spirits group says about Canadian alcohol boycotts
Between some provinces not selling American alcohol — part of the response to the trade war started by the U.S. — and consumers choosing not to buy it, the actions have been “devastating,” says the CEO of the Distilled Spirits Council of the United States. Source link
Plan unveiled for 'sovereign AI data centre' cluster in Kamloops, Vancouver
Vancouver and Kamloops will be home to a new data centre cluster under a planned partnership announced by the federal government and Telus. Source link
Farmers confront rising cost of fertilizer and fuel as spring seeding underway
Spring seeding is underway and as farmers spend long hours in the tractor planting their crops, they’re facing hefty increases to the cost of fuel and diesel. They’re already concerned about the 2027 crop year year too, since many will be making those large fuel and fertilizer purchases in the months ahead. Source link
Has Toronto's condo market hit its bottom?
Condo sales picked up in April, as lower prices and borrowing costs helped buyers jump into the market. After years of sky-high prices and sluggish sales, one of the country’s most expensive housing markets is seeing something of a condo rebound. Source link
Nintendo hiking price for Switch 2 consoles
The Japanese video-game company behind the Super Mario and Pokemon franchises announced it’s raising prices on the Nintendo Switch 2, citing challenging business conditions. Source link
Canada's economy dropped 18,000 jobs in April as unemployment rose to 6-month high
The Statistics Canada data released on Friday indicates a continued weakness in the labour market, which has struggled in the face of U.S tariffs and trade uncertainty. Source link
Bell fires employees it claims falsified attendance records, but some deny it
In an internal note obtained by CBC News, Bell said it investigated and terminated an undisclosed number of employees for “misrepresenting their presence in the workplace.” But several fired employees, and the lawyer representing them, say they believe the employees were actually fired for economic reasons, rather than misconduct. Source link
Toronto-based Sherritt pulls back from mining joint venture in Cuba amid expansion of U.S. sanctions
The United States on Thursday imposed financial sanctions on a sprawling business conglomerate run by Cuba’s military and a Cuban-Canadian mining joint venture, as the Trump administration ramps up pressure on the island’s communist leaders by targeting sources of foreign investment. Source link
Yves Veggie Cuisine making comeback with relaunch of 5 products
Maple Leaf Foods Inc. says it’s reviving five Yves products, including veggie deli sliced products and original and Mexican veggie ground round. Source link
Average rent across Canada fell by 5% in April, according to report
Rents in Canada have fallen back to the same level they were at three years ago, according to the new report from Rentals.ca and Urbanation. But average rents are still 21.9 per cent higher than the pandemic-era low of April 2021. Source link