Tag #Canadian Economy

Showing 85 to 96 of 171 results

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Saskatchewan Budget Faces Headwinds from US, China Tariffs

Saskatchewan will release its 2025 budget on Wednesday, facing economic pressure from US and Chinese tariffs on Canadian goods, including a significant impact on canola production; the budget will focus on increased spending in healthcare, education, and crime reduction, despite projected deficits.

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52% Bias Score

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theglobeandmail.com
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25% US Tariff on Canadian Steel and Aluminum Impacts Jobs and Investment

President Trump imposed a 25 percent tariff on Canadian steel and aluminum imports, impacting Algoma Steel, which will temporarily halt U.S. shipments and lay off workers, while Canada's steel industry faces job losses and reduced investment.

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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HOOPP maintains Canadian investment focus amid global uncertainty

The Healthcare of Ontario Pension Plan (HOOPP) reported a 9.7 percent return in 2024, exceeding its benchmark, despite economic uncertainty; it maintains over $60 billion in Canadian assets while keeping liquidity to invest globally; rising life expectancies slightly lowered its funding ratio to 111...

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24% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Canada Delays Aid Amidst US Tariffs Uncertainty

Facing 25% US tariffs on most goods, Canada delays aid to affected workers and businesses due to uncertainty over President Trump's trade policies, while economists warn of a potential recession and unemployment rise to 8% if tariffs persist for a year, prompting Quebec and Ontario to prepare indepe...

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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B.C. Budget Projects Significant Losses Due to US Tariffs

British Columbia's budget, released hours after the US imposed tariffs on Canadian exports, forecasts a $1.7-$3.4 billion annual revenue loss for the next three years, resulting in a larger deficit, slower economic growth (0.3%), 45,000 job losses by 2029, and increased debt; the budget prioritizes ...

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Misleading Fentanyl Data Used to Justify US Tariffs Against Canada

The Trump administration is using misleading data on fentanyl seizures to justify tariffs against Canada; an investigation revealed that the data doesn't specify the origin of the drugs, with some seizures originating from Mexico, not Canada.

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40% Bias Score

Reduced Inequality
theglobeandmail.com
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Canada's Beer Industry Faces $330 Million Hit from Aluminum Tariffs

US tariffs on Canadian aluminum and Canadian retaliatory tariffs on US aluminum cans will cost Canada's beer industry $330 million annually, impacting breweries of all sizes due to the reliance on US-made cans and the lack of domestic can manufacturing capacity.

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Bank of Canada Cuts Interest Rate Amidst US Trade War Uncertainty

On Wednesday, the Bank of Canada cut its policy interest rate to 2.75 percent, its seventh consecutive cut, largely due to high economic uncertainty caused by the US trade war and fluctuating policies, despite mixed economic indicators.

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40% Bias Score

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theglobeandmail.com
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Rogers Cuts 2,000 Jobs Amidst Industry Slowdown and High Debt

Rogers Communications cut 2,000 jobs in 2024, resulting in $150 million in savings, following 3,000 job losses in 2023 after its merger with Shaw; the company cites technology advancements and industry slowdown as reasons, while aiming to create 3,000 new jobs in Western Canada as part of its commit...

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Alberta Retaliates Against US Tariffs with Bans on American Goods

Alberta Premier Danielle Smith announced bans on American alcohol, video lottery terminals, and government contracts with US companies in response to President Trump's tariffs on Canadian goods, prioritizing local suppliers and potentially impacting consumers and jobs.

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Carney's Fiscal Plan: Potential Improvements, but Risks Remain

Mark Carney's fiscal plan, while promising spending review and a capped federal workforce, proposes a split budget that could mask deficits through recategorization, potentially jeopardizing transparency and repeating past fiscal failures.

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60% Bias Score

Reduced Inequality
theglobeandmail.com
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Canadian LNG poised for growth amid rising global demand and US competition

Global LNG demand is expected to increase by 60% over the next 15 years, creating opportunities for Canadian companies like TC Energy and LNG Canada, but also increasing competition from the US following the lifting of its export moratorium.

Progress

36% Bias Score

Climate Action

Showing 85 to 96 of 171 results