Toronto Star Top Stories
www.thestar.com - RSS Results in business* of type article
Matching Trump's tariffs with our own just makes sense economically. Here's why
If we fail to retaliate, writes Peter Spiro, Trump wins. Canada needs to fight back with everything we have in our economic arsenal — including tariffs.
Economists expect Trump tariff chaos will spark interest rate cut Wednesday by Bank of Canada
A survey of economists point to Bank of Canada Governor Tiff Macklem announcing a 25-basis-point cut on Wednesday bringing the key interest rate down to 2.75% — the bank's 7th consecutive reduction.
Are you too late? Hudson's Bay shuts off rewards program — but gift cards still honoured
Hudson's Bay, which is expected to close 40 stores under creditor protection, has paused its rewards program, with outstanding points totalling about $58 million.
In America's 'most Canadian town,' Trump's trade war wounds wallets and hearts
The tiny community of Point Roberts is a little bit of America, firmly fixed to British Columbia.
Trump called Canada a ‘tariff abuser.’ Does Ottawa mistreat American importers?
U.S. President Donald Trump continues to single out Canada as a bad trading partner, claiming in a recent social media post that his northern neighbour is a “tariff abuser” that charges high rates on American goods.
Bank of Canada expected to cut benchmark rate to buffer economy against tariffs
OTTAWA - The Bank of Canada is expected to announce an interest rate cut today as a cloud of uncertainty looms over the Canadian economy.
Healthcare of Ontario Pension Plan earned 9.7% in 2024, net assets totalled $123B
TORONTO - The Healthcare of Ontario Pension Plan says it delivered a return of 9.7 per cent for its 2024 fiscal year.
Junior Bridgeman, businessman and basketball standout for Louisville and Milwaukee Bucks, dies at 71
LOUISVILLE, Ky. (AP) — Junior Bridgeman, a basketball standout who led Louisville to a Final Four, starred for the NBA's Milwaukee Bucks and then launched an even more successful career as a businessman with stakes in restaurants, publishing and the…
Another day of market mayhem as Trump threatens 50% tariffs on Canadian steel and aluminum on Wednesday
Toronto and New York stock markets close lower again, but bounce back from intraday plunges amid chaos of Trump's changing tariff announcements.
Blizzard Entertainment president says 'there's a game for you' no matter what type of player you are
IRVINE, Calif. (AP) — California gaming giant Blizzard Entertainment announced Thursday that its popular event BlizzCon is coming back after several years off.
S&P/TSX composite, U.S. stocks continue to fall amid North American trade tensions
TORONTO - Canada's main stock index continued its losses Tuesday, while U.S. markets also fell as tariff tensions between the two countries mounted.
Slower B.C. real estate sales blamed on U.S. tariff uncertainty, association says
VANCOUVER - The British Columbia Real Estate Association says tariff uncertainty has slowed housing activity.
Sault Ste. Marie-based Algoma Steel begins layoffs in wake of Trump tariff threats
In trading on the TSX Tuesday, Algoma shares plunged, falling as low as $7.55 per share before recovering to $7.85 by 2 p.m.
Confused about tariff deadlines? Here's what we know right now
OTTAWA - The trade war between the U.S. and Canada took another turn Tuesday as U.S. President Donald Trump threatened to double the tariff on steel and aluminum imports coming from Canada.
Canada's dairy industry says tariffs less scary than threats to supply management
MONTREAL - Canadian dairy farmers say they are less worried about the threat of steep U.S. tariffs than about a looming battle over supply management.
Why is Tesla's stock tumbling? Elon Musk loses $29 billion in a single day as Donald Trump vows to buy one of his cars
The stock's weaker performance comes amid a number of "Tesla Takedown" protests in recent days.
Alberta energy minister hopes royalty changes help move pipelines forward
CALGARY - Alberta's energy minister is hoping that by changing the way the province receives royalties from oilsands bitumen, it may give pipeline companies the certainty they need to build new projects connecting Canada's resources to global markets.
Beer Store to close five locations next month, including ones in Kitchener and London
Beer Store locations in Corunna, Hearst and Erin are also among the locations set to close their doors in April, the company confirmed.
Loblaw, George Weston settle bread price-fixing class-action lawsuits
Loblaw Cos. Ltd. and its parent company George Weston Ltd. have executed a settlement over a pair of class-action lawsuits related to an alleged industry-wide scheme to fix the price of bread.
Couche-Tard 'disappointed' by 'limited' engagement from takeover target Seven & i
Couche-Tard's apparent irritation at the situation comes as its executives are visiting Japan this week to try to advance its proposal.
Trump's efforts to help Tesla could hurt it instead
Donald Trump's support for Elon Musk's car company could end up hurting it.
Living paycheque to paycheque? Here’s how to break the cycle
It can be a common misconception: living paycheque to paycheque only happens to those that earn a low income. But that’s not always the case.
Do Canadian snowbirds really have to register to winter in the States? Confusion mounts over conflicting Trump policy guidance
Directive from U.S. Citizenship and Immigration Services appears to conflict with guidance from Department of Homeland Security.
What you need to know about U.S. tariffs on steel and aluminum set for Wednesday
A fresh wave of tariffs on steel and aluminum are set to kick in Wednesday after a back-and-forth day that saw U.S. President Donald Trump threaten to hike his initially planned levy on those materials before eventually reverting to his…
'Between two elephants': Canadian farmers feeling China tariffs, worry about U.S.
REGINA - Prairie farmers say planned Chinese retaliatory tariffs on Canadian agricultural products are causing loads of uncertainty, while threats of U.S. levies and industry issues have created further problems.
Businesses 'scrambling' ahead of Wednesday's expected tariffs on aluminum, steel
Industry experts expect consumers to bear the brunt of Trump's latest tariffs by paying higher prices for things from cars to beer.
Olympic red mittens, Mink Mile and Zellers: Five memorable moments from Hudson's Bay
Canada's oldest brand brought the country cozy red mittens, iconic stripes and a now-defunct discount chain that anchored malls across the country.
Thousands of jobs may be in peril as Hudson's Bay looks to shutter half its retail stores
Court documents say the company may run out of cash for "payroll obligations" within days, as source says 40 of its 80 stores may close.
Communications provider Mitel Networks seeking creditor protection in U.S.
The Ottawa-based company says it is seeking Chapter 11 relief in U.S. Bankruptcy Court for the Southern District of Texas.
Canadian, U.S. markets plunge Monday amid trade confusion
Stock markets on both sides of the border took a steep tumble Monday as the reality of a U.S.-Canada trade war took further hold.
Toronto asking rents dropped $120 a month in February over last year, a new report says. But not everyone will feel relief
Rents are expected to continue dropping, due to more supply coming to market and economic uncertainty.
Stocks' sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
The S&P 500 was down 3.2% in afternoon trading, which would be its sharpest drop since the highest inflation in generations was shredding budgets in 2022.
Average asking rents decrease for fifth straight month to $2,088: report
Average asking rents across Canada fell year-over-year for the fifth straight month in February to $2,088.
Tesla shares plummet as Wall Street rethinks sales projections
Tesla Inc. shares are on track for their steepest drop since 2020 as Wall Street analysts begin to slash their estimates for vehicle deliveries.
Washington Post columnist quits after her opinion piece criticizing owner Jeff Bezos is rejected
Ruth Marcus, who has worked at the newspaper since 1984, wrote that “it breaks my heart to conclude that I must leave.”
Loblaw to roll out 'tariff' symbols on products seeing higher prices due to trade war
As grocers increasingly highlight Canadian products amid a trade war with the U.S., Loblaw is rolling out new symbols alongside prices that include an indication that a product's price has been affected by retaliatory tariffs.
Ontario slaps 25 per cent surcharge on electricity to U.S., warns it could go higher
TORONTO - Ontario has placed a surcharge of 25 per cent on electricity exported to the United States as of Monday, and the government says it could raise that amount even higher in response to further American escalation.
Quebec's Saguenay-Lac-St-Jean haunted by looming U.S. tariffs on aluminum, lumber
SAGUENAY, Que. - It's difficult to drive along the snow-covered roads of Quebec's Saguenay-Lac-St-Jean region without coming across trucks transporting freshly cut logs.
RBC cuts undisclosed number of staff amid 'growth strategy'
TORONTO - RBC says it has laid off some employees as part of its "growth strategy."
Hudson's Bay looking at closing half its stores amid restructuring: source
The department store company is looking at closing around 40 of its 80 stores, according to a source familiar with the matter.
Whitecap says joining forces with Veren will create 'resilient' oil and gas player
CALGARY - Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion dollar deal to create a major Canadian shale player that they say will stand stronger against political and market upheaval than if they were to each…
Tariff tumult is shaking consumer confidence, says Port of Vancouver CEO
Trade uncertainty caused by U.S. tariffs both real and threatened has rattled consumer confidence, to the point that volume growth at the Port of Vancouver will suffer, says its chief executive.
A cargo ship hits a tanker and they catch fire off England, with one crew member missing
LONDON (AP) — A cargo ship hit a tanker transporting jet fuel for the U.S. military off eastern England on Monday, setting both vessels ablaze and sending fuel pouring into the North Sea.
7-Eleven, Couche-Tard advance acquisition talks with divestment exploration
The parent company of 7-Eleven appears to be warming to a possible sale to Quebec-based convenience store owner Alimentation Couche-Tard.
How can I protect my inheritance in the event my spouse and I split up?
A prenup can take the worry out of the equation, writes family lawyer Lisa Gelman, and let you focus on enjoying your marriage without the “what ifs.”
'It still blows me away.' Meet the accidental developer leading the charge of Toronto's massive city-within-a-city at Downsview
With 400 acres to work with, Northcrest Developments CEO Derek Goring is "excited about its potential," and says his experience in public and private realms will serve him well in the $30B project.
Daughter's mortgage fraud on her parents' house shines a light on the need for homeowner title insurance
Case is a lesson for homeowners who did not buy title insurance when they bought their house, writes lawyer Bob Aaron, to arrange existing owner title insurance through their lawyers.
Call for cellphone help leads to confusion, frustration and not-so-free 'gifts' for Rogers customer
Meaford man's attempt to find out why his cellphone was dropping calls leads to $420 worth of "free" accessories.
'Very difficult position': Bank of Canada expected to cut rate amid trade uncertainty
OTTAWA - The Bank of Canada's interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States.
First Nation on Vancouver Island alarmed over fish farm firm's ship that hit a rock
The 'Namgis First Nation on Vancouver Island says it wants a "thorough investigation" into a shipping accident involving a vessel owned by a fish farming company that required help from the Canadian Coast Guard.