Browsing: Economy News

RYAM shuts its Temiscaming, Que., mill Sept. 15, cutting 425 jobs. Company filings show it put the site’s paperboard assets up for sale back in 2023.

Descrease article font size Increase article font size Calgary-based Enbridge Inc. is further expanding its reach into the U.S. market…

Statistics Canada says women in the highest-income families were 2.5 times more likely to have a first child in 2023 than those in the lowest, a gap that has widened since 2017.

Brent crude topped US$100 a barrel Wednesday after U.S. strikes on Iranian tankers, the exact upside risk the Bank of Canada flagged a week ago.

Trump signed proclamations Tuesday barring Canadian alcohol, whey and large motorcycles from the U.S. market as of Sept. 29, using a 1930 law that cuts off access rather than raising prices.

Canada’s federal gas tax was set to return Sept. 8. Ottawa extended the pause instead, and the real increases now land on Feb. 1 and April 1, 2027.

Ottawa’s counter-tariffs on $27.6 billion of U.S. goods began Sept. 8. Seafood came off the list in 48 hours. The remission channel that did it is still open.

Duties of 15, 25 and 50 per cent now apply to more than 700 American products, with steel and aluminum doubling to 50 per cent and goods already in transit exempt.

Ottawa extended the fuel excise tax holiday to Jan. 31, 2027 at a cost of $2.9 billion, but diesel users get 4 cents a litre, not 10, and it is not law yet.

Canada’s counter-tariffs on $27.6B in U.S. goods start Sept. 8. Economists say households under $30,000 face double the average hit, and get no rebate.