business

Weeks after Ottawa announced that it would allow a limited number of Chinese-made vehicles into the Canadian market, some have warned that the move puts data privacy at risk. But that might not be a significant turn-off for consumers who are in the market for a new car. Source link

For decades, Cuba’s tourism sector has enjoyed a reputation as an “economic locomotive” among authorities who saw it as the lifeblood of the Caribbean island country’s economy. But the industry has been in decline since its 2018 peak, and the U.S. government squeezing Cuba’s oil supply has pushed the nation’s most crucial industry closer to […]

Despite the U.S. trade war and President Donald Trump’s threats to Canadian sovereignty, this country’s biggest pension funds remain heavily invested in the U.S. The Canada Pension Plan announced this week that it has grown to a record $780.7 billion in assets, with 47 per cent invested in the U.S., compared to only 13 per […]

Ontario will keep Crown Royal on the shelves in the province’s liquor stores, it says, after parent company Diageo agreed to almost $23 million in spending in the alcohol and agriculture sectors.  Source link

A survey of Restaurants Canada members found that 44 per cent of respondents were either operating at a loss or just breaking even — up from 2019 when only 12 per cent of respondents were in that same financial position. Restaurateurs and experts say less traffic at restaurants and rising costs are making it hard […]

Kraft Heinz has halted efforts to split the company, in a surprise move that new CEO Steve Cahillane said was necessary due to deteriorating conditions in the food industry, though ‌he called the challenges “fixable and within our control.” Source link

A new type of employee ownership comes at a time when the country is facing a wave of baby boomer entrepreneurs nearing retirement and an increased focus on strengthening the national economy in the face of a trade war with the U.S. Source link

The global car behemoth might be offloading its stake in a massive electric vehicle battery plant in Canada — but it’s not giving up on electrification altogether. Source link

Last year saw a string of blockbuster Canadian deals, but it remains unclear whether foreign buyers are ready to enter the fray. Source link

Andrew Chang explains why U.S. President Donald Trump’s proposed 10 per cent interest rate cap on credit cards may cause more harm than good, and why the major banks are pushing back. Images provided by The Canadian Press, Reuters, Getty Images and Adobe Stock Source link