News
Stellantis in talks to build Chinese EVs at Canadian plant, Bloomberg News reports
3+ hour, 29+ min ago (276+ words) Stellantis is discussing options for building electric vehicles in Canada with Chinese partner Zhejiang Leapmotor Technology, Bloomberg News reported on Wednesday, citing people familiar with the matter. In 2023, Stellantis bought a 21 per cent stake in Leapmotor for US$1.6 billion. The…...
Canadian distilleries report growth as American booze bans remain in place
1+ hour, 38+ min ago (483+ words) OAKVILLE, Ont. -- Maverick Distillery's bottling plant in Oakville, Ont. has never been busier, thanks in-part to the provincial ban on importing American spirits into liquor stores. "Our vodka sales are up 100 per cent in the LCBO, and our whisky is…...
The Canadian GMO mustard wars: Dijon vs. canola
3+ hour, 15+ min ago (952+ words) REGINA -- Farmer Dallas Leduc can't wait for a new genetically modified mustard plant that can grow in his sandy, heat-stressed soil in a corner of Saskatchewan once thought too arid to farm. Leduc, a fourth-generation producer who grows more than…...
Calgary home sales fall 13 per cent in March as condo demand pulls back: board
22+ hour, 15+ min ago (187+ words) CALGARY " Home sales in the City of Calgary moved lower in March compared with a year ago amid a pullback in condo activity, as increased supply and slower migration has spread out demand across available inventory. The Calgary Real Estate…...
Toys ‘R’ Us Canada gets court permission to put itself up for sale, solicit investors
23+ hour, 55+ min ago (173+ words) TORONTO " Toys "R" Us Canada has received court permission to put itself up for sale. Judge Jane Dietrich has approved a process that will see the struggling retailer solicit investments in the company or choose one or more buyers for…...
Auto sector making long-term shifts away from U.S. market
2+ day, 14+ min ago (488+ words) The Canadian auto sector is making long-term changes to pivot reliance away from the United States. A February survey by KPMG revealed that 82 per cent of manufacturers and suppliers are adjusting their supply chain strategies in the wake of the…...
Gas prices soar past US$4 on average for a gallon of regular in the U.S., the highest since 2022
2+ day, 6+ hour ago (699+ words) NEW YORK " U.S. gas prices jumped past an average of US$4 a gallon for the first time since 2022 on Tuesday as the Iran war pushed fuel prices to soar worldwide. According to motor club AAA, the national average for a gallon…...
Air Canada fined more than $400K for passenger rights violations during labour disruption
2+ day, 11+ hour ago (256+ words) Air Canada has been fined $426,000 by the Canadian Transportation Agency for violating federal passenger rights rules during a flight attendant labour disruption that upended travel plans for thousands of customers last summer. Under the rules, airlines must provide those options…...
Investor Outlook: Porter expands with Montreal Metropolitan Airport launch
3+ day, 1+ hour ago (548+ words) Porter Airlines is accelerating its growth strategy with the launch of a new airport in Montreal, expanding its network and increasing capacity across key markets. BNN Bloomberg spoke with Michael Deluce, CEO of Porter Airlines, about how the Montreal Metropolitan…...
Countries are temporarily slashing gas taxes. Should Canada do the same?
2+ day, 21+ hour ago (386+ words) TORONTO " Will Hueyen says normally, $50 is enough to fill the tank of his compact car. But as he fuelled up at a downtown Toronto gas station Monday afternoon, he said it now costs more than that, and it hurts. "It's…...