General Motors’ all-electric CAMI Assembly plant in Ontario is halting production of BrightDrop delivery vans, Unifor said Friday. Unifor is Canada’s largest private sector union, representing 320,000 workers. The company will initiate temporary layoffs starting April 14 and production will stall for three weeks, Mike Van Boekel, plant chair for Unifor Local 88, which represents
Roots Corp. ROOT-T reported a loss of $21.7-million in its fourth quarter as it took a large non-cash impairment charge. The retailer says the loss amounted to 54 cents per share for the quarter ended Feb. 1 as it recorded a $50-million impairment charge on intangible assets. The result compared with a profit of $14.6-million
Shawn Fain, President of the United Auto Workers, walks on stage and speaks prior to President Joe Biden speaking to a United Auto Workers’ political convention, Wednesday, Jan. 24, 2024, in Washington. [AP Photo/Alex Brandon] The United Auto Workers and several other major unions filed their 2024 financial reports with the US Department of Labor
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The trade war is set to plunge Canadian provinces into deeper deficits, revitalizing a sleepy corner of the credit market. Provinces are expecting wider deficits and higher funding needs, which means selling more bonds. The seven
U.S. bond firm PIMCO said on Tuesday that waning business and consumer confidence under President Donald Trump’s policies is eroding the edge U.S. capital markets held over the rest of the world, strengthening the case for investors to diversify globally. Trump is set to unveil “reciprocal tariffs,” aligning U.S. duties with those of other nations
Dave Campbell | Associated Press Minneapolis — Calls from the United States to Roustan Hockey headquarters in Canada in recent weeks have been anything but routine, as bulk orders of name-brand sticks have suddenly become complicated conversations. “These customers want to know: When their orders ship, will they have to pay an additional 25% tariff?
When the Going was Good: An editor’s adventures during the last golden age of magazines by Graydon Carter (Grove Press £20, 432pp) As a boy growing up in Canada in the 1950s and 60s, Graydon Carter had a feeling in the back of his mind that he must not lose a tooth playing hockey. In
Joe Schulz | Wisconsin Public Radio Farm and construction equipment manufacturers started the year with high hopes for the economy, bolstered by President Donald Trump’s campaign promises to cut taxes on domestic producers and slash government regulations. But that optimism has given way to fears of a possible recession, sparked by Trump’s international trade war,
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. A Canadian investment firm changed the name of its U.S.-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as U.S. President Donald Trump is encouraging firms to relocate operations to the
It’s widely believed that the biggest issue with U.S. consumers’ balance sheets is indebtedness, but the Federal Reserve’s latest financial accounts – and the volatile stock market – suggest that larger risks may be on the other side of the ledger. This seems counterintuitive. Household wealth has never been higher, rising some $163 billion in