Business

Sweden and the Netherlands say before NATO summit they will spend 5% of GDP on defense

BRUSSELS (AP) — Less than two weeks before a NATO summit, Sweden and the Netherlands said Friday that they intend to increase defense spending to 5% of their gross domestic product, in line with U.S....

4h ago

Small Canadian businesses could get bottom line boost as travel to the U.S. drops

As more and more Canadians appear to be sidestepping travel to the United States, it could spell an economic boon for small and medium-sized businesses on this side of the border. Dan Kelly, president...

5h ago

Manufacturing sales in April see biggest monthly drop since 2023 amid U.S. tariffs

OTTAWA — Statistics Canada said Friday that manufacturing sales fell 2.8 per cent in April, the largest monthly drop since October 2023, as the tariff dispute with the United States hit the industry. StatCan...

13m ago

Roots not seeing 'pullback' in consumer spending as retailer reports $7.9M Q1 loss

TORONTO — Consumers grappling with a global tariff war have yet to drop Roots Corp. from their shopping trips, the apparel retailer's CEO said Friday, as the company reported a $7.9 million loss. "We...

3h ago

Leaders on Canada's expanded G7 guest list to tackle climate, economy and security

Canada is bringing the world to Alberta for the G7 leaders summit in Kananaskis. As summit host, Prime Minister Mark Carney can invite any leaders he chooses — even those from countries outside the...

7h ago

Defence spending boost can only go so far to lessen U.S. reliance: experts

MONTREAL — In early 2002, Glenn Cowan touched down in Kandahar as part of the first wave of regular Canadian Army troops deployed to Afghanistan, serving in a U.S.-led brigade combat team. After joining...

3h ago

Canadian premiers turn to New England governors for support on Trump tariffs

FREDERICTON — A group of Canadian premiers appear to be setting high expectations as they pursue negotiations with American governors to mitigate the impacts of United States-imposed tariffs on their...

4h ago

Supreme Court of Canada to hear appeal in long-running Facebook privacy case

OTTAWA — The Supreme Court of Canada has agreed to review a ruling that concluded Facebook broke federal privacy law by failing to adequately inform users of risks to their data when using the popular...

22h ago

'An underlying epidemic': Elder financial abuse on the rise as population ages

As Canada's population ages, it's been estimated that over $1.1 trillion in assets is on the move from baby boomers to gen X and millennials as part of "the great wealth transfer." Despite many elderly...
Statistics Canada reports household debt-to-income ratio ticked higher in Q1

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income ticked higher in the first quarter as debt grew faster than income. The agency says the ratio of household credit market...