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Wall Street tumbles 10% below its record for first 'correction' since 2023 on Trump's trade war

Wall Street tumbles 10% below its record for first 'correction' since 2023 on Trump's trade war

NEW YORK (AP) — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record , which was set just last month.
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Sales of U.S. products 'dropping' at Empire-owned grocers amid tariff uncertainty

Sales of U.S. products 'dropping' at Empire-owned grocers amid tariff uncertainty

Empire Co. Ltd.'s CEO says the grocer is seeing sales of products from the U.S. "rapidly dropping" as shoppers look to support the Canadian economy and avoid the potential effects of tariffs.
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U.S. tariffs push Ottawa to invest more in Canadian steel, aluminum projects

U.S. tariffs push Ottawa to invest more in Canadian steel, aluminum projects

OTTAWA — Industry Minister François-Philippe Champagne directed his department on Wednesday to prioritize investments in projects that primarily use Canadian steel and aluminum — part of Ottawa's reply to the Trump administration's trade war.
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Canadians’ travel appetite still big, but desire to visit U.S. fading: Transat CEO

Canadians’ travel appetite still big, but desire to visit U.S. fading: Transat CEO

MONTREAL — The head of Transat A.T. Inc. says Canadians' appetite for travel remains unsated — at least for overseas trips — even as pocketbook worries grow amid a trade war with the United States.
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Algoma Steel foresees challenges, opportunity from trade war as it works to cut costs

Algoma Steel foresees challenges, opportunity from trade war as it works to cut costs

The chief executive of one of Canada's largest steel producers says the company is in discussions with federal and provincial leaders to determine what government support might be available to help offset the Trump administration's tariffs.
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Tools, electronics, sports equipment from the U.S. hit with Canadian counter-tariffs

Tools, electronics, sports equipment from the U.S. hit with Canadian counter-tariffs

OTTAWA — Many consumer goods could be up to 25 per cent more expensive in Canada due to retaliatory tariffs against the U.S. — including the kitchen sink. Matching 25 per cent tariffs on $29.
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February US wholesale prices unchanged showing inflation easing, though trade wars threaten trend

February US wholesale prices unchanged showing inflation easing, though trade wars threaten trend

WASHINGTON (AP) — U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now. But the progress may not last as President Trump intensifies his trade wars .
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Belgian prosecutors arrest suspects in Huawei bribery probe targeting EU Parliament

Belgian prosecutors arrest suspects in Huawei bribery probe targeting EU Parliament

BRUSSELS (AP) — Belgian federal prosecutors on Thursday announced the arrests of several people in a corruption probe linked to the European Parliament and the Chinese company Huawei, which is suspected of bribing EU lawmakers.
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New Cohere AI model's performance rivals latest versions of DeepSeek, ChatGPT

New Cohere AI model's performance rivals latest versions of DeepSeek, ChatGPT

TORONTO — Cohere Inc. says it has released a new enterprise generative artificial intelligence model that is "on par or better than" GPT-4o and DeepSeek-V3.
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AtkinsRéalis sells stake in 407 highway, rounding off turn to pure-play engineering

AtkinsRéalis sells stake in 407 highway, rounding off turn to pure-play engineering

MONTREAL — AtkinsRéalis Group Inc. announced the sale of its remaining stake in Ontario’s 407 toll highway operator in a $2.79-billion deal that caps off the company's push to become a pure-play engineering firm.
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