Browsing: Business

India and Canada have agreed to resume a wide range of bilateral discussions, including on trade, defense, and critical minerals, following a high-level meeting in New Delhi. The consultations took place on September 19, 2025, as part of renewed efforts

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,

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