Diversifying trade key to building resilience against U.S. tariffs: Macklem
The Bank of Canada is encouraging businesses to explore export markets beyond the United States to make the economy less vulnerable to the current and future trade disputes.
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Economics
Bloc Québécois supply management bill moves swiftly through Parliament
A Bloc Quebecois bill that looks to take Canada’s supply management system off the table in future trade negotiations has passed swiftly through Parliament.
Stocks usually shake off wars: chief equity strategist
An equity strategist expects global stock markets to shake off the attacks between Israel and Iran as they continue for the sixth day.
Most Canadians would support reducing mail delivery, new survey finds
Most Canadians support decreasing mail deliveries and other big changes to the way Canada Post operates, according to a new survey.
U.S. wine export market struggling after Canada ‘pulled the plug,’ expert says
After U.S. President Donald Trump announced a series of tariffs targeting Canadian goods earlier this year, Canada was quick to respond with retaliatory measures aimed at American sectors that rely on exports north of the border, one of which was the wine industry.
U.S. consumers more pessimistic on tariff costs, TransUnion says
U.S. consumers are feeling worse about money as tariffs fuel concerns about rising prices, credit reporting agency TransUnion said.
Borrowers looking for lower costs will have to wait as the U.S. Fed is unlikely to cut rates
The inflation-fighters at the U.S. Federal Reserve are expected to keep their key interest rate unchanged Wednesday for the fourth straight time. That’s likely to shift attention to how many interest rate cuts they forecast for this year.
Clean energy has fans in Trump’s America, complicating budget talks
In an industrial building in the Salt Lake City suburb of Clearfield, Utah, long strips of U.S.-made steel were fed through machines that punctured, bent and cut them into rods that will soon hold solar panels on rooftops.
Transatlantic airfares slump as Western Europeans skip U.S. travel
Airfares from Europe to the United States have dropped to rates not seen since before the pandemic, as travelers from Western Europe lead a pullback in travel to the U.S. that is expected to continue through at least July.
UN trade agency says it faces ‘painful’ cuts as countries navigate tariffs
The United Nations trade and development agency, tasked with helping developing countries access the global economy, faces “painful” cuts as part of broader reforms prompted by a decline in global donor funding, its secretary general said.
Canada’s retailers are in trouble and there’s more to come: experts
The fall of Hudson’s Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company’s demise is part of a now-annual pitter-patter they expect to continue.
New technologies can reduce electrical waste as demand surges: energy expert
As Canadian energy suppliers face an unprecedented demand to power artificial intelligence (AI) and data centres, an expert says new technologies can reduce electrical waste.
Gordon Reid’s Top Picks for June 17, 2025
Top picks from Gordon Reid, president & CEO, Goodreid Investment Counsel.
Trump says he will probably extend TikTok deadline again
U.S. President Donald Trump said on Tuesday he would likely extend a deadline for China-based ByteDance to divest the U.S. assets of short video app TikTok.
Bank of Canada governing council is concerned inflation could persist for longer
Members of the Bank of Canada governing council were concerned that underlying inflationary pressures led by trade disruption and uncertainty could persist for a long time, minutes of the meeting showed on Tuesday.