News/Business (Page 9)

North American markets plummet over concerns of increased global trade barriers Friday was another brutal day for North American stock markets as they continue to reel from U.S. President Donald Trump’s global tariffs. The Dow Jones industrial average shed more than 2,200 points, and the S&P 500 plunged about sixContinue Reading

Business Statistics Canada says this is the biggest monthly job loss since January 2022, and comes as the U.S. posts unexpectedly high job gains. Statistics Canada says this is biggest monthly job loss since January 2022The Canadian Press · Posted: Apr 04, 2025 8:56 AM EDT | Last Updated: AprilContinue Reading

Business·CBC Investigates Almost exactly nine years after the Panama Papers were revealed, two dozen countries’ tax agencies say they’ve recovered nearly $2 billion combined in tax arrears thanks to information in the leak about hidden bank accounts and offshore shell companies. CRA says it has assessed $83 million in taxesContinue Reading

Business Ontario wine agents are accusing the LCBO’s ‘unfair policies’ after California wines were pulled from shelves almost a month ago due to ongoing trade dispute with the U.S., but grocery stores and retail giants like Costco and Loblaws are still allowed to sell the products. Province’s wine agents accuseContinue Reading

Business Immigration advocates are suing the Trump administration over its coming registration requirement for non-U.S. citizens staying longer than 29 days, offering a possible reprieve for Canadian snowbirds. Plaintiffs argue requirement was ‘issued in an improper and illegal way’ Sophia Harris · CBC News · Posted: Apr 04, 2025 4:00Continue Reading

Business U.S. President Donald Trump showed off a giant chart on Wednesday full of new “reciprocal” tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the U.S. But experts quickly noticed that these numbers don’t add up. So what are these tariffs actuallyContinue Reading

The Trump administration announced a new suite of trade measures on dozens of countries Wednesday. And if the new rules have your head swimming, you’re not alone. In short, Canada was spared the worst of it, but the current measures will still have massive implications for this country and theContinue Reading

Business·Analysis On the one hand, the U.S. president wants to upend 70 years of global trade and fundamentally change the way the world does business. But in handing out exemptions and carve-outs, he’s trying to do that in a way that doesn’t cause much pain for American businesses and consumers.Continue Reading

Business S&P 500, Dow Jones and Nasdaq indexes are all down after U.S. President Donald Trump announced harsher-than-expected tariffs on American trading partners. Everything from big tech, to oil, to the value of the U.S. dollar took a hitThe Associated Press · Posted: Apr 03, 2025 7:13 AM EDT |Continue Reading