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TSX down 400 points on Friday amid looming tariffs, inflation worries

TSX down 400 points on Friday amid looming tariffs, inflation worries

Canadian and American markets tumbled Friday amid inflation worries and uncertainty over the scale and scope of the next round of U.S. tariffs set to kick in April 2. The S&P/TSX composite index was down 1.6 per cent, or 401.91 points, at 24,759.
Nova Scotia Mi'kmaw chiefs oppose new fracking law, considering legal action

Nova Scotia Mi'kmaw chiefs oppose new fracking law, considering legal action

HALIFAX — Mi’kmaw chiefs in Nova Scotia say they are considering legal action against newly passed provincial legislation that opens the door to hydraulic fracturing for natural gas.
Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflation

Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflation

NEW YORK (AP) — Another wipeout slammed Wall Street as worries built about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
Vancouver police deploying big presence to 'maintain order' at anti-Tesla protests

Vancouver police deploying big presence to 'maintain order' at anti-Tesla protests

VANCOUVER — Vancouver police say they are investigating 28 anti-Tesla incidents and will deploy more than 130 extra officers to "maintain order" at protests targeting the electric carmaker this weekend.
Hudson's Bay is liquidating most of its stores. Here's what you need to know

Hudson's Bay is liquidating most of its stores. Here's what you need to know

Hudson's Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far.
Canada's economy 'sprinting into a wall' to start 2025 as tariff hit looms

Canada's economy 'sprinting into a wall' to start 2025 as tariff hit looms

OTTAWA — The Canadian economy was off to a solid start in January but early signs suggest growth stalled in February amid harsh winter weather and the looming threat of tariffs. Statistics Canada said Friday that real gross domestic product rose 0.
Deed tax increase won't hurt demand for Nova Scotia recreational properties: Realtor

Deed tax increase won't hurt demand for Nova Scotia recreational properties: Realtor

HALIFAX — Demand for cottages and recreational properties in Nova Scotia should remain strong despite the doubling of the province’s deed transfer tax, says an executive with a major real estate agency.
Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle

Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle

WASHINGTON (AP) — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump's 25% tariffs on auto imports could add $4,711 to the cost of a vehicle and says the proposed taxes could weaken the ability of U.S.
Premier Moe heads to Europe for trade show, London Stock Exchange address

Premier Moe heads to Europe for trade show, London Stock Exchange address

REGINA — Saskatchewan Premier Scott Moe is travelling to Europe to promote the province's agricultural, energy and manufacturing industries.
Ottawa posts $26.8 billion deficit for April-to-January period

Ottawa posts $26.8 billion deficit for April-to-January period

OTTAWA — The federal government posted a budgetary deficit of $26.8 billion for the April-to-January period of its 2024-25 fiscal year. The result compared with a deficit of $25.7 billion for the same period a year earlier.
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