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News

@CastanetNews
castanet.net > news > Hockey > 631120 > Groups-call-for-end-to-tariffs-on-sports-gear-warn-of-economic-impacts

Groups call for end to tariffs on sports gear, warn of economic impacts

7+ hour, 18+ min ago   (668+ words) OTTAWA — Some sports organizations and companies are urging governments on both sides of the border to suspend sports-related tariffs, warning of heightened economic challenges and waning participation in healthy activities. The trade war between Canada and the United States has…...

@CastanetNews
castanet.net > news > Business > 630814 > Transat-secures-250M-in-new-federal-aid-as-fuel-costs-slam-bottom-line

Transat secures $250M in new federal aid as fuel costs slam bottom line

3+ day, 2+ hour ago   (394+ words) Transat A.T. Inc. has secured an additional $250 million in emergency financing from the federal government after high fuel costs drove it further into the red last quarter. The new low-interest line of credit from the Canada Enterprise Emergency Fund comes on…...

@CastanetNews
castanet.net > news > Business > 630792 > Distilleries-to-bear-brunt-of-U-S-ban-on-Canadian-booze-experts

Distilleries to bear brunt of U.S. ban on Canadian booze: experts

3+ day, 4+ hour ago   (339+ words) Distilleries and spirit makers are likely to be the hardest hit among Canadian alcohol producers as the United States proposes a broad ban on Canadian booze starting later this month. Craig Johnston, chief economist at Farm Credit Canada, says distilleries…...

@CastanetNews
castanet.net > news > Canada > 630542 > Saskatchewan-tax-on-American-liquor-kicks-in-for-retailers-amid-trade-standoff

Saskatchewan tax on American liquor kicks in for retailers amid trade standoff

5+ day, 4+ hour ago   (287+ words) Saskatchewan's government is set to slap its retaliatory tax on American booze today amid the ongoing Canada-U.S. trade war. Saskatchewan Premier Scott Moe announced last month his province would implement the 50 per cent fee on American alcohol on the same…...

@CastanetNews
castanet.net > news > Business > 630494 > Bombardier-targeted-as-Canada-U-S-trade-war-escalates-ahead-of-new-tariffs

Bombardier targeted as Canada-U.S. trade war escalates ahead of new tariffs

5+ day, 21+ hour ago   (574+ words) Rhetoric from the White House ramped up as a deadline for Canada's retaliatory tariffs ticks closer, with President Donald Trump posting on social media Monday that he'll block Bombardier sales in the United States. Quebec-based Bombardier manufactures aircrafts and has…...

@CastanetNews
castanet.net > news > Business > 630243 > Tariffs-have-some-mom-and-pop-manufacturers-considering-move-to-United-States

Tariffs have some mom-and-pop manufacturers considering move to United States

1+ week, 1+ day ago   (862+ words) An Ontario-based Muskoka chair maker hit hard by U.S. tariffs is considering moving the bulk of its manufacturing to the United States, while keeping chairs for the domestic market made in Canada. DFC Woodworks Inc. has been making outdoor wooden patio…...

@CastanetNews
castanet.net > news > Canada > 629797 > Carney-meets-business-leaders-to-discuss-US-trade-says-PMs-office

Carney meets business leaders to discuss U.S. trade, says PM's office

1+ week, 5+ day ago   (100+ words) Prime Minister Mark Carney has met with a number of business leaders across different sectors to discuss Canada's trade relationship with the U.S. A statement from the Prime Minister's Office says the meeting covered recent developments on the file and the…...

@CastanetNews
castanet.net > news > Kelowna > 629641 > Kelowna-chamber-of-commerce-wants-government-to-react-to-latest-tariffs

Kelowna chamber of commerce wants government to react to latest tariffs

2+ week, 6+ hour ago   (208+ words) While the majority of Canadians supported Prime Minister Mark Carney’s decision to walk away from trade negotiations with the U.S. last weekend, Kelowna Chamber of Commerce representatives are more concerned about the immediate fallout. The chamber released a statement this…...

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castanet.net > news > Business > 629108 > -Economic-chemotherapy-Business-groups-wary-of-counter-tariffs-federal-aid-package

'Economic chemotherapy': Business groups wary of counter-tariffs, federal aid package

2+ week, 5+ day ago   (216+ words) Despite Ottawa unveiling an aid package for Canadian businesses affected by the trade war with the United States, some say the measures do not go far enough to help them stay afloat, especially in the wake of Canada's new counter-tariffs....

@CastanetNews
castanet.net > news > Canada > 629089 > Ottawa-to-hike-tariffs-on-U-S-steel-aluminum-to-50-in-retaliation

Ottawa to hike tariffs on U.S., steel, aluminum to 50% in retaliation

2+ week, 5+ day ago   (171+ words) The federal government is upping tariffs on American steel and aluminum products from 25 to 50 per cent in retaliation for the United States imposing tariffs last week on nearly $28 billion of Canadian goods. The government will also impose 50 per cent tariffs…...