The effect of Trump’s tariff plans has not yet filtered through into hiring: The world’s largest economy added 177,000 jobs last month
Category: Economy
Posted inPolitics & Policy
GM cuts shift at Canada plant over ‘evolving trade environment’
‘Today’s news from GM is extremely tough for the workers … their families,’ Ontario premier posted on X about the cuts at the Oshawa plant
Posted inEconomy
More automakers drop earnings guidance over tariffs
Mercedes-Benz and Stellantis joined other automakers in suspending their annual financial guidance because of uncertainty over U.S. tariffs
Posted inEconomy
U.S. stocks rally as Trump tempers auto tariffs
Trump’s pivot includes limitations on the impact of multiple tariffs on carmakers and a measure to offset a portion of the levy for two years
Posted inEconomy
Everything is fine: Trump’s cabinet shrugs off shrinking economy
News that the U.S. economy unexpectedly shrank amid the chaos of Trump’s tariffs did not stop his top team from heaping praise
Posted inPolitics & Policy
Trump signals relief on auto tariffs as industry awaits details
The White House signalled on Tuesday that Trump will soften tariffs on automakers, sparking optimism in the auto sector
Posted inPolitics & Policy
Trump’s administration says no decision yet on auto tariffs
Trump’s administration is considering ‘streamlining overlaps’ between different types of tariffs, but announce no final decision
Posted inEconomy
Hudson’s Bay to close last six stores
Financial adviser to the Hudson’s Bay said it was unlikely a buyer would be found for the remaining six stores in Toronto and Montreal
Posted inEconomy
Trump tariffs stunt U.S. toy imports as sellers play for time
Josh Staph fears the fun-packed shelves of his toy warehouse might start looking joyless in the months ahead, with made-in-China flying discs and model gliders grounded — like much of his product line — by Donald Trump’s tariffs. “Things have ground to a halt,” said Staph, chief executive of Duncan Toys Company, which has a […]
Posted inPolitics & Policy
Carney releases costed platform as advance voting begins
The Liberals’ costed platform plan projects billions in deficit spending to fund investments in infrastructure, defence and other initiatives