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International

Mazda to pause U.S. production of compact SUV destined for Canada

Mazda Motor Corp. will pause exporting one model type to Canada that it makes in the US as a temporary countermeasure to U.S. President Donald Trump’s tariffs, a spokesperson said Friday.

Google illegally monopolized ad tech markets, judge says

Google illegally monopolized some online advertising technology markets, according to a federal judge, whose ruling marked the latest antitrust setback for the company and a challenge to its main source of revenue.

Brookfield hires Alper Daglioglu to run multi-asset fund group

Brookfield Asset Management Ltd. hired Morgan Stanley veteran Alper Daglioglu to run a new unit focused on developing multi-asset portfolios for institutional investors and wealthy individuals. 

European Central Bank cuts interest rates for the seventh time as global trade tensions escalate

The European Central Bank cut interest rates for the seventh time to counter worries about economic growth fueled by Trump’s tariff onslaught.

Trump berates Fed’s Powell, urges ‘termination’ for slowness

U.S. President Donald Trump said U.S. Federal Reserve Chair Jerome Powell’s termination from his position can’t come quickly enough, arguing that the central bank should have lowered interest rates already this year, and in any case should do so now.

Seven & i proposes 5 new directors as part of board revamp

Seven & i Holdings Co. plans a sweeping revamp of its board at its annual shareholders meeting next month as a part of its effort to boost the value of the Japanese retailer and fend off a US$47.5 billion takeover proposal by Alimentation Couche-Tard Inc.

Barclays and Brookfield agree to offload bank’s payment unit

Barclays Plc will work with Brookfield Corp. to offload some of its payments business, as part of the lender’s push to boost returns.

Alcoa reports US$20 million tariff hit on imports from Canada

Alcoa Corp., the largest U.S. aluminum producer, said U.S. President Donald Trump’s 25 per cent tariff on metal imports has cost the company US$20 million since the duties went into effect.

BHP warns of trade war fallout as it ramps up copper output

BHP Group Ltd. is warning U.S. President Donald Trump’s tariff spree could trigger a global economic slowdown and challenge trade flows, as the world’s biggest miner posted a solid quarterly production performance for key commodities including copper and iron ore.

OMERS loaded up on stocks after Trump’s tariffs pummeled markets

The Ontario Municipal Employees Retirement System bought up stocks last week after Donald Trump’s tariff program pummeled global markets.

Canada, Japan led foreign surge in Treasuries buying in February

Foreign holdings of U.S. Treasuries surged in February by the most since June 2021, with Canada and Japan among the biggest net buyers during a month that preceded the bond market’s recent turmoil.

S&P downgrades Quebec for first time since 1990s after budget

S&P Global Ratings downgraded Canada’s second-largest province as the trade war with the US begins to hurt economic growth and government finances.

Fed’s Powell says strong labor market depends on price stability

U.S. Federal Reserve Chair Jerome Powell again stressed the central bank must ensure tariffs don’t trigger a more persistent rise in inflation.

China pivots from U.S. to Canada for more oil as trade war worsens

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of U.S. oil by roughly 90 per cent amid escalating trade tensions.  

Tech shares fall after Nvidia says new U.S. controls on exports of AI chip will cost it US$5.5 billion

Shares in computer chipmakers slumped Wednesday after Nvidia said tighter U.S. government controls on exports of computer chips used for artificial intelligence will cost it an extra US$5.5 billion.