Category: Blog

Gold prices hit record high as anxious investors seek safe haven for money

FILE - In this Tuesday, July 22, 2014, file photo, gold bars are stacked in a vault at the United States Mint, in West Point, N.Y. The price of gold has climbed recently as investors scramble for safety amid the widening global trade war. It’s up nearly 5% since May 21, 2019, as stock markets around the world fell, and last week was the best of the year for gold after President Donald Trump surprised markets by threatening to raise tariffs on Mexico. (AP Photo/Mike Groll, File)

Gold futures have soared above $4,000 US per troy ounce for the first time, as many investors seek a safe place to park their money as the U.S. government shutdown continues.

Canada’s merchandise trade deficit widened in August, with exports falling faster than imports rose

A Canadian flag is shown waving over an auto plant.

Canada’s merchandise trade deficit widened in August to $6.32 billion as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday.

Pressure is building on Donald Trump as tariffs bite deeper into American manufacturing

Two men in suits stand side by side. There are mountains in the background.

Prime Minister Mark Carney is headed to Washington, under enormous pressure to make a deal. But as the trade war eats into American corporate profits and more industries clamour for bailouts, there’s growing pressure on Donald Trump to provide relief, too.

‘So much pain’: India’s shrimp farmers reeling from U.S. tariffs

Seeral people standing in water hold a net filled with shrimp.

Shipments of frozen shrimp from India to the U.S. have ground to a halt after American tariffs rose to 50 per cent, leaving farmers deeply worried about their livelihoods and some seriously considering abandoning the industry altogether.

WestJet hikes checked bag fee for 2nd time in 2 years. Will Air Canada be next?

The side of an airplane is pictured.

WestJet has hiked its first checked bag fee by $5 for ultra-basic and economy fares. The increase follows several new charges introduced by Canadian airlines, sparking concerns from some consumer advocates that passengers could wind up paying much higher fares than anticipated.

Medium-, heavy-duty trucks to face 25% tariff as of Nov. 1, Trump says

Several white heavy duty trucks are shown.

All medium- and heavy-duty trucks imported into the United States will face a 25 per cent tariff rate starting Nov. 1, U.S. President Donald Trump said on Monday.

Toyota recalling over 32,700 vehicles in Canada over rearview camera defect

The Toyota logo is displayed in red and silver.

Toyota is recalling 32,733 vehicles in Canada due to a rearview camera defect that increases the risk of a crash, Transport Canada said in a notice last week.

How fraudsters are using crypto ATMs to launder millions from Canadian scam victims

Graphic illustrating a fraud victim being directed to put money in a crypto ATM by a fraudster visualized as a hand holding the victim.

A CBC News investigation revealed that cryptocurrency machines — which operate legally in Canada — have become the main vehicle fraudsters use to get money from scam victims across the country.

How the U.S. trade war uncorked a surprising boom for wineries across Canada

Two people cheers each other sitting on red Muskoka chairs against a vineyard scenery.

Thanks in large part to the patriotic “Buy Canadian” movement, which has changed consumer habits and reshaped parts of the retail landscape, winemakers across the country say they’re enjoying a rare and fruitful moment.

Canada Post takes signing bonus off the table in latest offer to union

A closeup shows a person in a yellow jacket with a sign reading "CUPW on strike."

Canada Post’s latest offer to the union representing 55,000 striking postal workers includes a number of measures from its last offer — while removing a signing bonus the corporation says it can no longer afford.