Daily News

Economy Source: Financialpost January 25, 2025

Conference Board of Canada sees 1.5% growth this year amid tariff uncertainty

The pace of growth is forecast to increase to 1.9% in 2026OTTAWA — The Conference Board of Canada is forecasting the domestic economy will grow 1.5 per cent in 2025 as the potential for U.S. tariffs on Canadian exports and a pullback in immigration weigh on...

News Source: Financialpost January 25, 2025

JPMorgan sees 'massive' demand for loonie hedges amid tariff risks

The threat of a 25% tariff on Canadian imports has Wall Street currency-watchers forecasting record lowsInvestors are piling into hedges against a weaker Canadian dollar at a historic pace, seeking shelter from the impact of possible U.S. tariffs, according...

Source: Financialpost January 24, 2025

Kraft Heinz slams Trudeau for floating ketchup as trade target

Company 'deeply disappointed' after prime minister used it as a potential target for countervailing tariffsKraft Heinz Co. said it’s “deeply disappointed” in Justin Trudeau after the prime minister threw a metaphorical tomato at the food manufacturer while d...

Source: Financialpost January 24, 2025

Tesla raising prices for its vehicles in Canada on Feb. 1

The price of Model 3 is going up $9,000, while Models Y, X and S cars are climbing $4,000TORONTO — Tesla Inc. is raising prices on its Canadian vehicles by thousands of dollars starting Feb.1 amid big shifts in incentives and rising trade tension. We apol...

Source: Financialpost January 24, 2025

Posthaste: Bank of Canada expected to cut interest rates as tariff threat looms

Full-blown trade war could throw country into recession We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada expected to cut interest rates as tariff threat...

Source: Financialpost January 24, 2025

Canada retaliating against U.S. tariffs is 'nonsensical:' Ian Lee

Watch: Canada should instead focus on pushing to reopen USMCA, says Carleton University associate professorIan Lee, associate professor at Carleton University’s Sprott School of Business, talks with Financial Post’s Larysa Harapyn about how Canada retaliatin...

Source: Financialpost January 24, 2025

Opinion: Hey, Greenland! Join us, not the United States

Just next door, your island would be a good fit with the administrative structure and cultural makeup of our three northern territoriesBy Erin Weir We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other video...

News Source: Financialpost January 24, 2025

Statistics Canada reports November retail sales flat at $67.6 billion

Early estimate for December suggests a gain of 1.6%OTTAWA — Canadian retail sales in November were flat compared with October, but an early estimate by Statistics Canada pointed to a rebound in December which saw the start of Ottawa’s GST/HST holiday. We...

Investor Source: Financialpost January 24, 2025

'This too shall pass': Investing strategies in the time of Trump

'Don’t have a knee-jerk reaction. If the market overreacts, that’s probably an opportunity'The roller-coaster governance model of Donald Trump is already back on display: he was quiet on tariffs during his inauguration day, only to say later that evening the...

Source: Financialpost January 23, 2025

Amazon to close all warehouses in Quebec, eliminating 1,900 jobs

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday Announcement unrelated to unioniz...