business
Tariff war cost Canadian Pacific $200M over past year, CEO says
Canadian Pacific Kansas City Ltd. has suffered a $200-million blow from the ongoing tariff war set off by the United States, said CEO Keith Creel. Source link
GM Canada layoffs hit Oshawa plant, putting up to 1,200 autoworkers out of work Friday
The day Oshawa, Ont., autoworkers have dreaded for months has arrived, as GM Canada is poised to cut a shift at the city’s plant, costing over a thousand workers their jobs. Source link
Bank of Canada holds interest rate at 2.25%
The Bank of Canada is holding its key interest rate at 2.25 per cent for a second consecutive meeting, a move that was widely expected by analysts. Source link
Amazon employees in Canada told about layoffs through premature internal email
Amazon on Tuesday appeared to have prematurely alerted Amazon Web Services cloud-computing employees to layoffs planned for Wednesday morning by sending a commiseration email and team-wide meeting invitation hours early. Source link
Canada could gain nearly 7% in real GDP by removing internal trade barriers, says IMF
Canada’s economy could gain nearly seven per cent, or $210 billion, in real GDP by fully removing internal trade barriers between the country’s 13 provinces and territories, according to a report published Tuesday by the International Monetary Fund. Source link
Trump wants to cap credit card interest at 10%. Is that a good idea?
U.S. President Donald Trump has called for credit card interest rates to be capped at 10 per cent — a move that could bring short-term relief to some consumers but is likely to cause a broader credit crisis in the long run, according to experts. Source link
Gold hits record $5,000 US an ounce as months-long rally continues amid global turmoil
Gold charged past $5,000 US an ounce for the first time on Monday — while silver jumped to $110 an ounce — as an array of geopolitical tensions pounded the U.S. dollar. Source link
Wall Street slips after Trump threatens some NATO members with tariffs over Greenland
Stocks are falling on Wall Street after U.S. President Donald Trump threatened to hit eight NATO members with new tariffs as tensions escalate over his attempts to assert American control over Greenland. Source link
Canadians still worried about economy, remain cautious about spending
Consumers are still feeling anxious over high prices and economic uncertainty from the U.S. trade conflict, according to a Bank of Canada survey published Monday, showing that some Canadians still perceive weakness in the economy even as several indicators improve. Source link
Inflation ticks up to 2.4% in December as last year's GST break impacts data
Canada’s inflation rate ticked up to 2.4 per cent in December compared to the same period last year, when the federal government implemented a GST break that brought some prices down, Statistics Canada said on Monday. Source link