business
Grain being shipped out of Port of Churchill for 1st time in 6 years
A ship is set to leave the Port of Churchill this week loaded with what would be the northern Manitoba town’s first grain shipment in over half a decade. Source link
Oshawa plant adds truck as unionized Canadian GM members ratify new deals
The union said the three-year collective agreements increase wages for full-rate production members to $50.20 an hour and skilled trades workers to $62.71 an hour. Source link
Old soup factory takes on new high-tech life as quantum computing firm gets $195M federal boost
In the echoey void of a gutted Campbell’s Soup factory in Toronto’s west end, Canada’s minister of artificial intelligence and digital innovation announced the federal government’s biggest bet to date on homegrown technology that could revolutionize artificial intelligence, medical science and a host of other key sectors of the economy. Source link
Canada's economy has found its footing. But is it enough to survive the U.S. trade war?
GDP growth surged in the spring. Exports, business investment and household spending showed how Canada can weather the trade war storm. The question is whether it can last. Source link
More U.S. rate hikes possible with inflation still elevated, Federal Reserve chair Kevin Warsh says
U.S. Federal Reserve chair Kevin Warsh said Friday that inflation is still too high and suggested the country’s central bank may have to raise interest rates in the coming months to bring it down. Source link
Canada's economy grew by 3.3% in the second quarter, showing sharp recovery
Canada’s economy rebounded sharply in the second quarter after six months of virtually no growth, aided by strong jump in exports and solid domestic demand, data showed on Friday. Source link
'Measured confidence': RBC, TD Bank, CIBC share optimistic outlook for Canada's economy
Three of Canada’s big banks shared cautiously sunny outlooks for the economy on Thursday, sharply contrasting expressions of anxiety and frustration from scores of smaller businesses grappling with the fresh reality of a full-blown trade war with the United States. Source link
Enbridge signs deal with KKR and Apollo to fund Westcoast pipeline expansion
Enbridge Inc. has signed a deal with KKR and Apollo to form a joint venture to help fund the expansion of its Westcoast natural gas pipeline system. Source link
Chapman’s Ice Cream pledges no price increase as Ontario company shifts away from U.S. suppliers
Ontario company Chapman’s Ice Cream says it’s moving to replace more than 70 per cent of its ingredients from the U.S. by mid-2027, promising no price increases until March 2028. Source link
Federal government removes seafood and fish products from counter-tariff list
Finance Canada has removed fish and seafood products from a list of counter-tariffed items, just a day after the government initially hit back at the U.S. with retaliatory measures. Source link