Browsing: Business

Artificial intelligence is expected to significantly accelerate global trade over the next 15 years, with the World Trade Organization (WTO) projecting an increase in global trade of goods and services by nearly 40 percent by 2040. The forecast, published in

Toronto is on track to record its lowest number of annual housing starts in three decades, according to a new report from the Canada Mortgage and Housing Corporation (CMHC). The federal agency said housing construction activity in the city fell

Ontario will raise its general minimum wage to $17.60 per hour starting October 1, 2025, marking a 40-cent increase from the current rate of $17.20. The increase, announced by the Ontario Ministry of Labour, Immigration, Training and Skills Development, aligns

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,

Canada has formally lifted the majority of its retaliatory tariffs on United States goods, significantly easing trade tensions that have persisted between the two countries since the imposition of reciprocal duties in recent years. The rollback, effective September 1, applies

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

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 investment products, signaling