Tariff pause launches markets

TORONTO — Stock markets in Canada and the U.S. shot up after U.S. President Donald Trump paused his “reciprocal” tariffs on most nations for 90 days, though he further raised his tax rate on Chinese imports. In a social media post Wednesday, Trump announced a pause on the “reciprocal tariffs” he enacted on a wide […]

Trump puts China in crosshairs

BANGKOK — President Donald Trump raised the tariff on Chinese imports to 125% on Wednesday, hours after China boosted the duty on American goods to 84% in an escalating battle that threatens to disrupt trade between the world’s two largest economies. Citing a lack of respect, Trump set China apart from other countries. He said […]

Markets continue to tumble

TORONTO — North American markets careened to a fourth day of losses in a dramatic turnaround from the rally that started the day as concerns over tariffs continued to mount. “The roller-coaster continues and really driven by the headlines once again,” said Angelo Kourkafas, senior investment strategist at Edward Jones. Markets have been falling since […]

What’s in a name? Plenty

TORONTO — Canada’s tariff war with the U.S. has many homegrown companies hoping customers remember there’s more to them than their names. Despite branding themselves with nods to the U.S., Boston Pizza, New York Fries, Montana’s, California Sandwiches and The Great American Backrub are all Canadian and have been working to ensure the public doesn’t […]

Monday not as bad as feared

TORONTO — North American stock markets muddled to a mixed close Monday as the effects of U.S. President Donald Trump’s latest tariff announcement continued to reverberate. Markets began the day with a steep selloff, before suddenly spiking higher in the morning; the S&P 500 briefly rose 3.4% before giving up those gains. A White House […]

Shopify to take AI plunge

Shopify Inc. is doubling down on artificial intelligence with new policies that will make the technology a “fundamental expectation” for all staff because it will be embedded into everything from performance reviews to product development. A memo released by CEO Tobi Lütke urged the Ottawa-based e-commerce software company’s staff not already treating AI like a […]

Jaw-dropping losses for markets

TORONTO — Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump’s tariffs continue to stir recession fears. “Investors are digesting this escalation and fallout from the U.S. reciprocal tariff announcement, and most recently the aggressive retaliation we’ve seen from China,” said Kevin […]

New, used car prices to rise

Steep U.S. tariffs on all imported vehicles are set to drive prices, already high in part because of pandemic-related disruptions, higher still for both new and used cars, experts say. Prices are already rising on some used cars as sellers anticipate buyers looking for a better deal compared to a new vehicle, said Sean Mactavish, […]

Big job losses in March

The impact of the U.S. tariffs is already taking a toll on the jobs front in Canada, and that includes Kelowna. Metro Kelowna lost 5,300 jobs in March, according to Statistics Canada’s Labour Force Survey released on Friday. The unemployment rate in the Central Okanagan jumped half a percentage point to 5.8%, which is the […]

Tariffs cause market tumbles

Canadian and American markets tumbled Friday amid inflation worries and uncertainty over the scale and scope of the next round of U.S. tariffs set to kick in April 2. The S&P/TSX composite index was down 1.6%, or 401.91 points, at 24,759.15. In New York, the Dow Jones industrial average finished down 715.80 points at 41,583.90. […]