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Tariff 'double whammy' headed straight for these Canadian businesses, report says
4+ day, 5+ hour ago (729+ words) resulting in a “double tariff shock,” says a new report by Desjardins Group. “Our analysis confirms that...principal economist at Desjardins, said in the report on Sept. 8, the day Canadian counter-tariffs on...and rubber, textiles and alcoholic beverages. The report…...
Canadian steel companies pay US$19 million to settle allegations they lied about their steel shipments
3+ mon, 3+ week ago (715+ words) U.S. steel companies have long complained that Canada has acted as a backdoor for cheaper, unfairly subsidized steel Two Canadian steel companies and one of their part owners agreed to pay US$19 million as part of a settlement with the United…...
'We're getting hammered': Why this Canadian aluminum sector is crumbling while prices boom
1+ mon, 4+ week ago (1756+ words) Aluminum is the best-performing base metal this year, but extruders that process it say their businesses are dying amid surging prices, U.S. tariffs and dumping from overseas The chief executive of global mining giant Rio Tinto Group this spring praised his…...
Algoma Steel CEO stepping down amid deep losses, ongoing U.S. tariffs
11+ mon, 1+ week ago (492+ words) Algoma reported a net loss of $485.1 million in the third quarter Sault Ste. Marie, Ont.-based Algoma Steel Group Inc. chief executive Michael Garcia will step down at year’s end as the company continues to face United States tariffs that…...
U.S. steel companies could ship to Canada without constraint
3+ week, 2+ day ago (649+ words) 'This is the epitome of unfair,' said one Canadian steel producer A tentative deal being negotiated in Washington, D.C., proposes that Canadian steel mills will face tariffs and quotas on their exports to the United States, but U.S. steel producers won’t face…...
The United States is losing its grip on Canada's steel market
5+ mon, 4+ week ago (1177+ words) U.S. steel imports coming into Canada down more than 20% as tariff war shifts trade One year into a trade war, the United States’ role as the largest source of foreign steel in Canada is on shaky ground. U.S. steel producers shipped…...
Canada 'systematically' losing promising startups to foreign buyers: CCI report
1+ mon, 2+ day ago (697+ words) according to a new Canadian Council of Innovators (CCI) report. “Because it’s really hard to scale in Canada …...needed to grow and a disjointed scale-up system. The report said Canada channels significant investment into...align with the risks that the domestic…...
Carney cranks up steel import restrictions, relief on inter-Canada shipping rates
9+ mon, 2+ week ago (873+ words) The PM has said Canada is one of the countries 'most exposed to the fundamental restructuring of the global steel industry' New restrictions on foreign steel imports and policies designed to make it cheaper to ship steel to Western Canada…...
How pickup trucks took centre stage with consumers and the U.S.-Canada trade war
1+ week, 4+ day ago (1079+ words) General Motors Co. says it will spend $144 million so that its Oshawa, Ont. assembly plant can build more kinds of the vehicle that has emerged as a sore spot in Canada’s trade war with the United States: pickup trucks. Today,…...
Why autos, alcohol and dairy are behind Trump’s new Canada tariffs
1+ mon, 3+ week ago (126+ words) Financial Post Why autos, alcohol and dairy are behind Trump’s new Canada tariffs Washington says Canadian policies unfairly restrict American exports. Ottawa argues some measures simply answer tariffs the United States imposed first. Baby boomers are trying to unload their…...