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U.S. stock futures were sinking again in premarket trading after massive U.S. tariffs against China kicked in overnight, followed by China retaliating with a huge tariff increase on U.S. imports. Oil prices tumbled to their lowest level in more than four years and a huge sell-off in U.S. Treasurys sent bond yields soaring.
Delta Air Lines pulled its guidance for 2025 Wednesday as the trade war scrambles expectations for business and household spending and depresses bookings across the travel sector.
Lego opened a US$1 billion factory in Vietnam on Wednesday that it says will make toys without adding planet-warming gas to the atmosphere by relying entirely on clean energy.
Roots Corp. reported a loss of $21.7 million in its fourth quarter as it took a large non-cash impairment charge.
A growing number of companies, including some Canadian, say they’ve been forced to lay off staff, as uncertainty around U.S. trade policy deepens.
U.S. President Donald Trump has repeatedly claimed that Canada is taking advantage of the United States through dairy tariffs. Speaking to reporters in the White House Rose Garden to announce his global tariffs on April 3, Trump said that Canada imposes a 250 to 300 per cent tariff on U.S. dairy products.
Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, was due to take effect.
The U.S. will impose 104 per cent tariffs against China at midnight tonight, White House spokesperson Karoline Leavitt confirmed at a press briefing.
President Donald Trump on Tuesday signed a series of executive orders aimed at boosting the struggling coal industry, a reliable but polluting energy source that’s long been in decline.
The U.S. stock market is careening through a second straight day of stunning swings Tuesday as uncertainty reigns about what whether President Donald Trump will ease up on his trade war, which is scheduled to kick into a higher gear after midnight.
A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines.
The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, halting the flow of thousands of gallons of crude oil from Canada to refineries in the U.S.
The head of Canada’s biggest oil and gas advocacy group says companies are looking through the recent market upheaval and focusing on the long-term demand outlook.
Canada’s tariff war with the U.S. has many homegrown companies hoping customers remember there’s more to them than their names.
The head of Scotiabank says Canada needs a “growth-first agenda” as the country finds itself at a crossroads.
American consumers could be paying more to build new homes after the U.S. announced it will more than double existing duties on Canadian softwood lumber.
