Whether pacemakers, insulin pumps or artificial hip joints, Canadians may face a spike in health costs if U.S. President Donald Trump imposes a 25 per cent tariff on imports from Canada, set to take effect Saturday. With the looming tariff, Medtech Canada, a national association representing 120 medical technology companies, warned the cost of health…
Surging prices for coffee on global markets are coinciding with a weak Canadian dollar, putting a “pinch” on cafés and retailers that could end up hiking the cost of your cup of joe. Adam Pesce, president of Ontario-based Reunion Coffee Roasters, tells Global News that the uncertainty tied to United States President Donald Trump’s tariff…
Egg prices in the United States continue to crack under pressure while in Canada they remain relatively stable — and even late-night TV is taking notice. On The Late Show with Stephen Colbert Tuesday night, the host couldn’t resist a jab at the price gap, joking that while Americans face egg rations, Canadians are “yolking…
The Bank of Canada lowered its key interest rate once again on Wednesday, cutting it by 25 basis points to stand at three per cent. The quarter-point drop is smaller than what the central bank delivered in its previous two interest rate decisions, where it cut the rate by 50 basis points each time. Bank…
Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping an eye on the weakening loonie at a time of year when Canada relies most on its southern neighbour for fresh food, said chief executive Eric La Flèche. “The dollar is the big worry,” La…
The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of the year on Wednesday. On one hand, there are signs of trouble bubbling up in underlying inflation that could make an argument for keeping borrowing costs higher for longer. On the other: fears of a…
Vancouver city council has voted to investigate the prospect of installing water meters on all of the city’s homes. Vancouver currently meters water usage in apartment buildings, and requires meters to be installed on all new builds and in renovations. Most of the city’s residents, however, currently pay a flat rate for water usage. Vancouver…
As Ottawa floats possible solutions to U.S. President Donald Trump’s tariff threats, it faces a dilemma: does it appease the United States and open up the domestic market, inflicting volatility and job losses but potentially driving down consumer prices, or does it stand firm with retaliatory threats to protect Canadian industries? Canada is bracing for…
United States President Donald Trump’s tariff threats are not going away. Before and after assuming office in his second term, Trump has threatened to levy blanket tariffs of 25 per cent on all goods entering the U.S. from Canada and Mexico, in addition to targeting Chinese exports. He’s given a variety of reasons to justify…
U.S. President Donald Trump’s threats to impose tariffs on imports from China could send shockwaves through global supply chains that experts warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada. Since Trump’s re-election in November, Canadian officials have been largely focused on a response to his threats to impose…
