The United States on Thursday imposed financial sanctions on a sprawling business conglomerate run by Cuba’s military and a Cuban-Canadian mining joint venture, as the Trump administration ramps up pressure on the island’s communist leaders by targeting sources of foreign investment.
Maple Leaf Foods Inc. says it’s reviving five Yves products, including veggie deli sliced products and original and Mexican veggie ground round.
Rents in Canada have fallen back to the same level they were at three years ago, according to the new report from Rentals.ca and Urbanation. But average rents are still 21.9 per cent higher than the pandemic-era low of April 2021.
Air travel continues to be impacted by soaring fuel prices. On Thursday, Air Canada confirmed that, due to the current high cost of jet fuel, it’s halting service earlier than planned on four seasonal flights to U.S. destinations.
Prime Minister Mark Carney has said wages are rising faster than inflation. CBC’s Fact Check team dives deeper into that claim
A major Mexican trade mission to Canada launched Thursday, involving over 200 Mexican businesses seeking to expand commercial links during the two-day, two-city encounter that will include high-level talks on the Canada-US-Mexico Agreement.
Analysis of data from three census cycles showed that 16.3 per cent of millennials aged 25 to 39 were living with parents in 2021, whereas 8.2 per cent of baby boomers in 1991 were doing the same. But the high cost of housing wasn’t entirely to blame, according to Statistics Canada.
Japanese news media reported that Honda Motor plans to indefinitely halt the development of its $15-billion electric vehicle complex in Canada, though Honda Canada said they had nothing to report at this time. Ottawa acknowledged automakers face “significant challenges,” but did not say whether the company had updated them on those plans.
Airbus Canada will supply AirAsia with 150 of its Canadian-made A220 jets in a multibillion-dollar coup for Quebec’s aviation industry. The planes are produced at a site in Mirabel, north of Montreal.
Oil prices fell under $100 US following pleas for peace in the Middle East by China’s foreign minister, before rising a bit again. Markets in Europe and Asia soared at the same time, as did futures for major Wall Street indexes.