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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
Apr 4, 2025 11:50 AM
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Alberta premier says latest U.S. tariffs hard to celebrate, but give time for talks
CALGARY — Alberta Premier Danielle Smith says she doesn't want to be "exuberant about dodging the bullet" with U.S.
Apr 4, 2025 11:00 AM
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Rogers reveals buyer, structure of $7B deal for stake in its network infrastructure
TORONTO — Rogers Communications Inc. has revealed that a group led by U.S. investment management company Blackstone Inc. is the buyer in its proposed $7 billion sale of a minority stake in a portion of its wireless network infrastructure.
Apr 4, 2025 10:22 AM
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Hudson's Bay closures to cause job losses well beyond the retailer
TORONTO — When Hudson's Bay closes the vast majority of its stores in June, the job losses will extend beyond the storied retailer's own workforce.
Apr 4, 2025 4:00 AM
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Alberta oil well report updated after concerns over taxpayer backstop recommendation
A new version of a government-commissioned report about Alberta's inactive oil wells and what to do about them now says the province should manage a new insurance fund, rather than backstop it with taxpayer funding.
Apr 3, 2025 8:15 PM
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B.C. bumps up rental subsidy programs for seniors, low-income families
Recipients of two British Columbia programs aimed at making rent more affordable for seniors and families in need will see a bump in their subsidies starting this month.
Apr 3, 2025 6:39 PM
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Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across contin
Apr 3, 2025 5:50 PM
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No more cheap skirts: Trump ends tax exemption for low-value Chinese imports
A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools and gag gifts that cost less than lunch delivered to your door in 10 days are probably numbered.
Apr 3, 2025 5:45 PM
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Stellantis production halt the "dead canary" as auto sector faces tariff hit
TORONTO — Automakers in Canada, along with workers and everyone else with ties to the industry, are struggling to grasp the implications of and how best to respond to the ruinous industry tariffs that came into effect Thursday.
Apr 3, 2025 5:31 PM
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North American stock markets tank as latest tariffs heighten recession fears
TORONTO — Stock markets in Canada and the U.S. plunged Thursday as investors reacted to the latest tariffs from U.S. President Donald Trump.
Apr 3, 2025 4:43 PM
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