Money

Albertans preparing for the ‘stress’ and ‘opportunity’ of hosting G7 summit

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Removing international trade barriers, investing in clean energy, critical minerals and artificial intelligence, strengthening protections against cyber crime and better cooperation to address emerging global health threats — those are among the recommendations business leaders from the Group of Seven (G7)  countries have put forward as the their leaders prepare for their summit in Kananaskis, west … Read more

Why the U.S.-China tariff pause could signal ‘good news’ for Canadians – National

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As stock markets rallied after news of a 90-day trade war truce between China and the U.S., some stakeholders remain cautious about what it could mean for the Canadian economy and consumers. “Canada’s industries have been hard hit by this trade war … any de-escalation at this time is good news for global trade,” says … Read more

Bill Gates pledges almost all his multi-billion-dollar fortune to charity – National

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Billionaire Microsoft co-founder Bill Gates — the 13th-richest man in the world — says he will donate 99 per cent of his remaining tech fortune to the Gates Foundation, which is set to shutter in 2045, earlier than initially planned. Gates’ current assets are valued at $113.5 billion USD, according to Forbes. His pledge is … Read more

Trump threatens tariffs on movies, but experts say it may not be so simple – National

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The film and streaming industry is the latest area of focus for U.S. President Donald Trump and his tariff strategy, but experts say there are many challenges to imposing tariffs on production companies. What has Trump said about the film industry? Leading up to the election, Trump campaigned on reviving domestic manufacturing and production in … Read more

The costs to own a car in Canada are rapidly rising, in addition to tariffs – National

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Owning a vehicle in Canada is rapidly getting more expensive — in some cases, at a faster rate than inflation — and could rise 25 per cent with tariffs and inflation, a new survey suggests. The Leger survey for Turo Canada, a car-sharing company, says the average cost to own a car or truck has … Read more

Apple says most devices will come from India, Vietnam to avoid U.S. tariffs – National

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Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Donald Trump’s tariffs on its business. Apple’s earnings for the first … Read more

History can help us try to understand Donald Trump’s tariffs, professor says – Winnipeg

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On what U.S. President Donald Trump called “Liberation Day”, the American leader imposed his so-called “reciprocal” tariff policy on dozens of foreign nations. While making his announcement, Trump also referenced a historic law called the 1930 Smoot Hawley Tariff Act, that he claimed would have saved the United States from the Great Depression if it … Read more

Stock markets are selling off again, even after Wednesday’s massive rally – National

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U.S. stocks on Thursday are giving back a chunk of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy. The S&P 500 was down three per cent, a day after surging 9.5 per cent following President Donald Trump’s decision to pause many of his tariffs … Read more

Global markets continue sharp losses as China retaliates for U.S. tariffs – National

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By Evan Vucci The Associated Press Posted April 4, 2025 1:12 pm Updated April 4, 2025 1:14 pm 1 min read Descrease article font size Increase article font size World shares slid downward, U.S. futures fell and Wall Street appeared on track for another day of crushing losses Friday as investors counted the potential costs … Read more

Penguins and polar bears outnumber people in some tariff-hit territories – National

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Some of the world’s least inhabited islands and territories have been hit by U.S. President Donald Trump’s “reciprocal” tariffs on all foreign trading partners — and some appear to have more penguins and polar bears than trade agreements with the U.S. Tiny tropical islands and remote outposts in the Antarctic and far North were included … Read more