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Diversifying trade key to building resilience against U.S. tariffs: Macklem

Diversifying trade key to building resilience against U.S. tariffs: Macklem

OTTAWA — Bank of Canada governor Tiff Macklem is encouraging businesses to explore export markets beyond the United States to make the economy less vulnerable to current and future trade disputes. Speaking to a business crowd in coastal St.
Wall Street drifts after the Fed indicates it may still cut rates twice this year

Wall Street drifts after the Fed indicates it may still cut rates twice this year

NEW YORK (AP) — U.S. stocks drifted after the Federal Reserve indicated it may cut interest rates twice this year, though it’s far from certain about that. The S&P 500 ended basically flat Wednesday. The Dow Jones Industrial Average slipped 0.
B.C. mall owner says she wanted to run stores more than she wanted Bay trademarks

B.C. mall owner says she wanted to run stores more than she wanted Bay trademarks

Ruby Liu may have lost out on owning Hudson’s Bay’s name and all its trademarks, but she's not bitter because she’s got designs on her own retail empire. The B.C.
Report: 60% of Canadians say perception of women's sport has improved over 3 years

Report: 60% of Canadians say perception of women's sport has improved over 3 years

TORONTO — New data on the explosive growth of women's sport in Canada underscores its rising popularity, but also reveals that its structural supports still lag behind.
Lululemon Athletica cutting 150 corporate jobs as part of organizational changes

Lululemon Athletica cutting 150 corporate jobs as part of organizational changes

VANCOUVER — The Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure. The retailer said Wednesday the affected employees are part of its store support centres.
US unemployment ticked down, hovering at historically low levels

US unemployment ticked down, hovering at historically low levels

WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday. U.S. jobless claims ticked down from 250,000 the week before.
Supreme Court clears the way for temporary nuclear waste storage in Texas and New Mexico

Supreme Court clears the way for temporary nuclear waste storage in Texas and New Mexico

WASHINGTON (AP) — The Supreme Court on Wednesday restarted plans to temporarily store nuclear waste at sites in rural Texas and New Mexico, even as the nation is at an impasse over a permanent solution.
Amazon CEO Jassy says AI will reduce its corporate workforce in the next few years

Amazon CEO Jassy says AI will reduce its corporate workforce in the next few years

Amazon CEO Andy Jassy anticipates generative artificial intelligence will reduce its corporate workforce in the next few years as the online giant begins to increase its usage of the technology.
Construction sector ramping up tech investments to address labour gap: KPMG survey

Construction sector ramping up tech investments to address labour gap: KPMG survey

TORONTO — A new survey says most Canadian construction companies are still coping with a shortage of skilled labour, however their productivity and efficiency has improved in recent years as a result of investments in technology.
Retailers are in trouble and there's more to come: insolvency, restructuring experts

Retailers are in trouble and there's more to come: insolvency, restructuring experts

The fall of Hudson's Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company's demise is part of a now-annual pitter-patter they expec
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