Like Sweden, Japan and the U.S. before it, Canada will start experimenting with scaled-up factory-built housing next year — and it has plenty of lessons to learn from countries where the industry has already matured. Demand for affordable housing not necessarily demand for prefabricated homes Like Sweden, Japan and the …
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Gold prices hit record high as anxious investors seek safe haven for money
Gold futures have soared above $4,000 US per troy ounce for the first time, as many investors seek a safe place to park their money as the U.S. government shutdown continues. U.S. government shutdown, tariff uncertainty led to gold's wide gains over last year Gold futures have soared above $4,000 …
Read More »Canada’s merchandise trade deficit widened in August, with exports falling faster than imports rose
Canada's merchandise trade deficit widened in August to $6.32 billion as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday. Trade deficit marked by drop in exports to U.S., but also other countries Canada's merchandise trade …
Read More »Pressure is building on Donald Trump as tariffs bite deeper into American manufacturing
Prime Minister Mark Carney is headed to Washington, under enormous pressure to make a deal. But as the trade war eats into American corporate profits and more industries clamour for bailouts, there's growing pressure on Donald Trump to provide relief, too. How growing pressure from American industries may push Trump …
Read More »‘So much pain’: India’s shrimp farmers reeling from U.S. tariffs
Shipments of frozen shrimp from India to the U.S. have ground to a halt after American tariffs rose to 50 per cent, leaving farmers deeply worried about their livelihoods and some seriously considering abandoning the industry altogether. Indian officials keen to strike trade deal but there are several sticking points …
Read More »Medium-, heavy-duty trucks to face 25% tariff as of Nov. 1, Trump says
All medium- and heavy-duty trucks imported into the United States will face a 25 per cent tariff rate starting Nov. 1, U.S. President Donald Trump said on Monday. Announcement comes a day before Trump's meeting with Carney at the White House All medium- and heavy-duty trucks imported into the United …
Read More »How the U.S. trade war uncorked a surprising boom for wineries across Canada
Thanks in large part to the patriotic "Buy Canadian" movement, which has changed consumer habits and reshaped parts of the retail landscape, winemakers across the country say they're enjoying a rare and fruitful moment. The 'Buy Canadian' movement has sparked a big uptick in local vino sales Cost of Living4:21How …
Read More »Canada Post takes signing bonus off the table in latest offer to union
Canada Post's latest offer to the union representing 55,000 striking postal workers includes a number of measures from its last offer — while removing a signing bonus the corporation says it can no longer afford. Postal service says offer will 'enable the company's modernization' Canada Post's latest offer to the …
Read More »Toronto home prices decline, sales up 8.5% in September
Toronto's real estate board says sales rose in September as prices continued to decline. Average selling price for homes was down 4.7% from last year Toronto's real estate board says sales rose in September as prices continued to decline. The Toronto Regional Real Estate Board says the 5,592 homes sold …
Read More »What could be the future of GM’s Oshawa plant?
General Motors has said it's working on a plan to keep building in Oshawa for another 100 years. But in the face of U.S. auto tariffs, what could be the future of the plant? Here’s what we know, and what could happen. GM building new trucks in Oshawa is a …
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