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Markets
Duty-free shops struggle to make ends meet as Canadians steer clear of
As It Happens5:26Duty-free shop owner says business is suffering as Canadians avoid the U.S.If business doesn't pick up soon at his duty-shop, Éric Lapointe says he's going to have to lay people off. "I've had three customers today so…
JPMorgan CEO Jamie Dimon warns tariffs and trade war are causing
Jamie Dimon cited “sticky inflation, high fiscal deficits and still rather high asset prices and volatility” in his remarks.
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Frank And Oak to close 9 stores across Ontario, Quebec and B.C.
Apparel retailer Frank And Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7.Court documents show the Montreal-based company has 150 employees, but when asked about how many will lose their job as a…
Trump retreats but still puts U.S. tariff rate at its highest level in a
One study of the current state of U.S. tariffs and foreign retaliation suggests that Wednesday’s euphoria over President Donald Trump’s partial retreat was overdone.
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European Union hits pause on planned retaliatory tariffs for U.S.
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen…
U.S. bond sell-off drives market worries around the world
U.S. government bonds underwent a big sell-off early Wednesday, signalling investors were dumping the usually safe assets as tariff turmoil continues to rock the world.After approaching 4.5 per cent in the morning, the yield — or…
North American stocks rise, then drop again after another day of tariff
U.S. stocks dropped Tuesday after a second day of stunning reversals brought on by tariff unease.The S&P 500 fell 1.6 per cent Tuesday after wiping out an early gain of 4.1 per cent, which had it on track for its best day in years.…
As tariffs roil the markets, here’s why some sectors are faring worse than
Stock markets sank for the third day Monday after U.S. President Donald Trump announced sweeping global tariffs last week, and no one is coming out unscathed — but some sectors are seeing more volatility than others.All three major U.S.…
Stock market drops again after brief rise as Trump remains committed to
Stocks are sharply swinging down, up, then down again on Wall Street as markets try to assess the potential damage from U.S. President Donald Trump's global trade war.The Dow Jones Industrial Average briefly erased a morning loss of…
As U.S. tariffs roil markets, Canadian businesses build on European ties at
In a sprawling exhibition centre in Hanover, Germany, thousands of businesses, including 250 from Canada, are taking part in one of the world's largest trade fairs focused on industrial technology and innovation. Rows of booths and…