China fires back at Canada

OTTAWA — China has announced an anti-dumping investigation into Canadian canola imports in response to Canada planning to impose tariffs on Chinese-made electric vehicles, steel and aluminum. In a news release Tuesday, China’s Ministry of Commerce said it is launching an anti-discrimination investigation into the tariffs and an anti-dumping probe into Canadian canola imports as […]

Bank still likely to cut rate

OTTAWA — Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter. Statistics Canada said on Friday the economy grew at an annualized rate of 2.1% in the second quarter, beating the Bank of Canada’s forecast. But […]

Muted reaction to Nvidia results

TORONTO — Canada’s main stock index gained 100 points Thursday, led by gains in energy, technology and financials, while U.S. stock markets fizzled to a mixed close following earnings from Nvidia. The S&P/TSX composite index closed up 100.51 points at 23,227.49. In New York, the Dow Jones industrial average was up 243.63 points at 41,335.05. […]

EV savings not good enough

A new analysis suggests it’s already cheaper to operate electric vehicles than their similar gas-powered cousins, but the savings must get substantially higher if Canada is to meet its EV sales target in 2030. Almost a year ago the federal Liberals mandated that battery-operated passenger cars must make up one-fifth of all new vehicle sales […]

Markets get cautious and fall

TORONTO — Canada’s main stock index fell on Wednesday, led by technology and base metals, while U.S. markets were also down ahead of a much-anticipated earnings report from Nvidia. The Nasdaq fell 1.1% as large tech stocks led the way lower. Investors moved with caution in a risk-off day ahead of earnings coming from Nvidia […]

Flair looking to expand fleet

VANCOUVER — Flair Airlines is looking for partners to inject fresh capital into the discount carrier in order to “restructure” its finances and build out its fleet. Eric Tanner, vice-president of revenue management and network planning, said the company is hoping for partners to buy into the business as a way to deal with pandemic-era […]

Oil price drop drains index

TORONTO — Canada’s main stock index moved lower on Tuesday, weighed down by energy stocks as oil prices retreated, while U.S. markets inched higher and the Dow added a few points to Monday’s record high. U.S. investors are waiting in anticipation of earnings Wednesday from semiconductor giant Nvidia, one of the main drivers of market […]

US tackles fake testimonials

NEW YORK — Online reviews and testimonials are a key way that small businesses can attract new customers and boost sales of products. But fake reviews and testimonials have been a persistent problem for small businesses, many of whom rely on recommendations for business. Fake reviews can make it harder for people to trust what […]

Markets close at record highs

TORONTO — Energy prices helped the TSX post a gain Monday, while U.S. markets were mixed as the Dow posted a record high. Big tech names weighed down U.S. indexes on what was otherwise a mostly positive day for markets, said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc. “Despite the market looking […]

Canada to limit foreign workers

OTTAWA — Prime Minister Justin Trudeau is urging businesses to hire Canadians as his government announces new restrictions to limit the number of low-wage temporary foreign workers in the country. Ottawa is also considering whether to reduce its annual targets for permanent residency—a potentially major shift in immigration policy for the Liberals. In response to […]