‘Can’t just flip a switch’: Rerouting supply chains amid tariffs poses major hurdles
The notion that Canadian companies can simply switch supply chains in response to American tariffs is a fantasy, experts say.
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The notion that Canadian companies can simply switch supply chains in response to American tariffs is a fantasy, experts say.
Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.
Unifor Local 444 has told its members at the Stellantis Windsor Assembly Plant the union was notified on Wednesday evening of a two-week shutdown.
Starbucks was facing two new lawsuits over spilled hot drinks Wednesday, just weeks after a court ordered the coffee giant to pay US$50 million to a man who was injured by a cup of tea.
Stock markets in Canada and the United States were up in late-morning trading ahead of U.S. President Donald Trump’s latest announcement of tariffs expected after the markets close.
Tesla sales declined 13 per cent in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.
Commissioner Gary Bettman said the money took some work, but the negotiation process was otherwise smooth for its newest broadcast rights deal in Canada.
Amazon.com has put in a last-minute bid to buy TikTok, a U.S. administration official said on Wednesday, just days ahead of an April 5 deadline for the short-form video app to find a non-Chinese buyer or face a ban in the country.
Impending U.S. tariffs have pushed Canadian companies to stockpile goods, cut back staff, put projects on hold and whatever else they think will help them survive the economic turmoil ahead.
As U.S. President Donald Trump prepares to unveil his 'liberation day' plan to hit multiple countries with tariffs, it’s still not clear whether a temporary pause on separate economywide duties on Canada will be lifted.
Shares in BlackBerry Ltd. fell nearly 10 per cent in early trading after it reported a net loss of US$7.4 million in its fourth quarter compared with a loss of US$56.2 million a year earlier.
Walking through a Michigan plant past whirring robotic arms and flying sparks, Swamy Kotagiri, the CEO of Canada-based auto supplier Magna MG.TO reflected on how he is trying to "control the uncontrollable" in the midst of industry-shaking tariffs.
After TikTok was banned in the United States earlier this year, President Donald Trump gave the platform a reprieve, barreling past a law that was passed in Congress and upheld unanimously by the Supreme Court that said the ban was necessary for national security.
Meta said it has been hit with a hefty fine for resisting Turkish government demands to limit content on Facebook and Instagram.
When a service outage in July 2022 left millions of Rogers customers in the dark for up to 15 hours, it underscored the importance of being prepared in case of a similar emergency.
U.S. stocks swerved through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday.