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The U.S. economy shrank at a 0.2 per cent annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate.
Solar panels have never been cheaper, and the lower upfront cost means homeowners can recoup their investment more quickly, with savings on electricity bills.
Stocks are rising on Thursday after a U.S. court blocked many of President Donald Trump’s sweeping tariffs, though the gains got less strong as trading progressed from Asia to New York.
Here are five things you need to know this morning.
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10 per cent in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.
Filings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.
Fast-fashion retailer Shein on Thursday said it would increase its testing of products this year, after the European Union warned of fines if it does not address the bloc’s concerns about unsafe and dangerous products sold on its site.
More than $14 billion in clean energy investments in the U.S. have been cancelled or delayed this year, according to an analysis released Thursday, as President Donald Trump’s pending megabill has raised fears over the future of domestic battery, electric vehicle and solar and wind energy development.
BRP Inc. says its latest quarter delivered a soaring profit but revenue ticked lower over the same period.
Royal Bank of Canada reported a jump in second-quarter profit on Thursday, as the country’s biggest bank benefited from the acquisition of HSBC’s domestic business and strength in its wealth management business.
While the federal government and cities across Canada are making strides on expanding the housing supply, the provinces still need to get serious about building quality homes, a new report released Thursday argues.
Canadian Imperial Bank of Commerce reported a rise in second-quarter profit on Thursday, led by its capital markets business.
Slovakia’s central bank chief, who is a member of the European Central Bank committee that decides monetary policy for 20 countries, was convicted of bribery and fined 200,000 euros on Thursday.
South Korea’s central bank cut its key interest rate and sharply lowered its growth outlook for the country’s economy in 2025, as it moved Thursday to counter U.S. President Donald Trump’s tariff hikes and weak domestic demand worsened by recent political turmoil.
Canada Post said it notched nearly $1.3 billion in operating losses last year as the beleaguered institution laid out its “final offers” to the union representing 55,000 workers after negotiations resumed on Wednesday.
Passengers on flights to Türkiye who unbuckle their seat belts, enter an aisle or open overhead compartments before their plane has stopped taxiing upon arrival are eligible for fines under new regulations issued by the country’s civil aviation authority.
