Browsing: Business

Prime Minister Mark Carney on Monday, September 8, announced an 80 million Canadian dollar tariff-relief fund for Atlantic Canadian businesses during a visit to St. John’s, Newfoundland and Labrador, as his government rolled out a broader economic defense strategy in

Canada’s merchandise trade deficit narrowed to CAD 4.94 billion in July 2025, down from a revised CAD 5.98 billion in June, according to data released by Statistics Canada. The improvement was driven by higher exports, particularly to the United States,

Global trade dynamics are undergoing a seismic shift as the United States, under President Donald Trump, intensifies tariff measures that are straining relations with major economic powers. The latest escalation involving India, one of the world’s fastest-growing economies, highlights how

Shares of Alibaba Group surged nearly 19 percent in Hong Kong trading on Monday, September 1, following stronger-than-expected growth in its cloud computing business and reports of a domestically developed artificial intelligence chip. The rally helped lift emerging market equities,

U.S. spirits giant Brown-Forman reported a sharp 62 percent decline in Canadian sales of its flagship brand Jack Daniel’s, attributing the drop to a widespread boycott of American alcoholic beverages across Canada. The impact, disclosed during the company’s quarterly earnings report on August

Top executives at Canada’s largest banks delivered a unified message of caution during third-quarter earnings calls held this week, highlighting how unresolved global trade tensions and shifting monetary policies are weighing on the economic outlook. Despite delivering stronger-than-expected profits, the

Best Buy Co. Inc. reported stronger-than-expected earnings for its fiscal second quarter on Wednesday, with revenue and profits exceeding Wall Street estimates as demand for technology products showed signs of stabilizing. Despite the improved performance, the company maintained its full-year

Amtrak has launched its new generation of high-speed Acela trains, introducing upgraded passenger rail service on the Northeast Corridor for the first time in more than two decades. The NextGen Acela fleet began operations on August 28, offering increased capacity

Bitcoin fell sharply on August 26, dropping below $110,000 for the first time in over six weeks, as a broader sell-off gripped global cryptocurrency markets. The decline was accompanied by a wave of liquidations and substantial outflows from digital asset

Keurig Dr Pepper, a U.S. beverage and coffeemaker company with dual headquarters in Burlington, Massachusetts, and Frisco, Texas, has reached a definitive agreement to acquire Dutch coffee and tea producer JDE Peet’s for approximately €15.7 billion (about $18 billion). The