Business Buzz


Aluminum, steel tariff targets
The Canadian Press - 1:12 pm - Business Buzz

WASHINGTON — U.S. President Donald Trump says he’ll announce 25% tariffs on all steel and aluminum imports into the United States on Monday, and there will be no carve-outs for America’s closest neighbours. Trump told reporters about the impending duties on Air Force 1 as he flew to New Orleans to attend Sunday’s Super Bowl. […]

Feds buying wildfire satellites
The Canadian Press - Feb 07, 2025 - Business Buzz

LONGUEUIL, Que. — Canada is investing $72 million on a novel satellite constellation that will monitor active forest fires across the country, the Canadian Space Agency announced Friday. Consisting of seven satellites that will enter orbit in 2029, the WildFireSat program will collect daily data on active forest fires, allowing officials to determine which blazes […]

Broad rally drives index
The Canadian Press - Feb 05, 2025 - Business Buzz

TORONTO — Canada’s main stock index gained almost 300 points Wednesday on widespread market strength, while U.S. stocks rose after a mixed trading day. The S&P/TSX composite index closed up 290.49 points at 25,569.84. In New York, the Dow Jones industrial average was up 317.24 points at 44,873.28. The S&P 500 index was up 23.60 […]

Tariffs could toy with market
The Canadian Press - Feb 05, 2025 - Business Buzz

Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but its outlook is clouded by the threat of widespread tariffs from the U.S. The national housing agency said a trade war between Canada and the U.S., combined with factors such […]

Index rebounds after tariff delay
The Canadian Press - Feb 04, 2025 - Business Buzz

TORONTO — Canada’s main stock index posted a small gain Tuesday, while the loonie regained some of its strength against the U.S. dollar, following a decision by U.S. President Donald Trump to delay tariffs on Canadian goods headed to the U.S. that were set to begin today. The S&P/TSX composite index closed up 37.59 points […]

Small businesses on guard
The Canadian Press - Feb 04, 2025 - Business Buzz

TORONTO — U.S. President Donald Trump might have delayed 25% tariffs on Canadian goods for a month, but Tyler Pubben isn’t letting his guard down. The president of Tapmaster—a Calgary business making faucets with brass and polymer from the U.S.—is looking to lessen the company’s reliance on the U.S. by beefing up sales at home, […]

Trump says tariffs coming
The Canadian Press - Jan 30, 2025 - Business Buzz

WASHINGTON — U.S. President Donald Trump says he will decide Thursday night whether to include oil in his tariff plan as he confirmed his intention to impose devastating duties on Canadian imports on Saturday. “Because they send us oil, we’ll see,” Trump told reporters while signing executive actions in the Oval Office Thursday afternoon. “It […]

Rate news impacts markets
The Canadian Press - Jan 29, 2025 - Business Buzz

TORONTO — Canada’s main stock index closed higher Wednesday as the Bank of Canada cut its key lending rate, while U.S. stock markets dipped as the U.S. Federal Reserve kept its rate unchanged. The continued divergence in rates came as worries about the softened labour market and the risk of tariffs weigh on the economic […]

Cut expands key rate gap
The Canadian Press - Jan 29, 2025 - Business Buzz

The gap in interest rate policies between Canada and the U.S. widened further as the Bank of Canada cut its key lending rate by a quarter-point on Wednesday, while the U.S. Federal Reserve held its own rate. Experts say despite the growing divergence, which puts downward pressure on the loonie, the Bank of Canada is […]

Tariffs ‘still on the books’
The Canadian Press - Jan 28, 2025 - Business Buzz

WASHINGTON — U.S. President Donald Trump’s press secretary says the plan to slap Canada with tariffs on Saturday is still in play, as NDP leader Jagmeet Singh leaves the door open to supporting the Liberal government if devastating duties are implemented. Karoline Leavitt told reporters at the White House that she spoke with the president […]