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National Business
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China to impose 75.8 per cent tariffs on Canadian canola, industry braces for impacts
Canada's canola industry is urging Ottawa to act as farmers brace for steep losses over a planned 75.8 per cent preliminary tariff from China on canola seed.
Aug 12, 2025 7:56 PM
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Shapiro declines comment on contract talks but says he wants to remain with Blue Jays
TORONTO — Blue Jays president Mark Shapiro declined to comment on contract extension talks Tuesday but said he wants to remain with the club and that team ownership has been "reciprocal in that desire.
Aug 12, 2025 7:01 PM
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US July budget deficit up 20% year-over-year despite record Trump tariff income
WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday . The U.S.
Aug 12, 2025 4:51 PM
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Martinrea International reports $38M in Q2 profit, down from last year
Martinrea International Inc. reported $38 million in profit during the second quarter, down from $40.97 million during the same quarter last year. The company reported diluted net earnings per share of 52 cents for the period.
Aug 12, 2025 3:00 PM
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US inflation held steady as mild tariff hit offset by cheaper gas, food
WASHINGTON (AP) — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago. Consumer prices rose 2.
Aug 12, 2025 2:07 PM
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Real estate and financial stocks help S&P/TSX composite rise more than 140 points
TORONTO — Canada's main stock index gained more than 140 points to finish trading Tuesday on strength in the real estate and financials sectors, while U.S. stock markets reached new highs amid better-than-expected U.S. inflation data.
Aug 12, 2025 1:59 PM
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Air Canada, flight attendants at 'impasse' as union declines arbitration proposal
Air Canada says it has reached an "impasse" in negotiations with the union representing its flight attendants, which on Tuesday said it declined a proposal from the airline to enter a binding arbitration process.
Aug 12, 2025 1:50 PM
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Here's what Canada's effective U.S. tariff rate might look like after the carve-outs
OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say.
Aug 12, 2025 1:40 PM
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Bulk carrier Federal Yamaska runs aground in St. Lawrence River near Montreal
MONTREAL — The Canadian Coast Guard says a 180-metre bulk carrier has run aground in the St. Lawrence River near Montreal. A spokesman for the coast guard says the Federal Yamaska ran aground near Verchères, Que., at around 5:45 a.m.
Aug 12, 2025 1:28 PM
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Wall Street rises to more records on hopes for lower interest rates
NEW YORK (AP) — The U.S. stock market rallied to more records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% Tuesday, beating its all-time high set two weeks ago.
Aug 12, 2025 1:03 PM
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