Ontario Court Approves Sale of Bootlegger Business to Subsidiary
April 12, 2025, 1:20 pm
An Ontario court has sanctioned the sale of Bootlegger, a retail brand established in 1971, by allowing Comark Holdings Inc. to transfer the business to a subsidiary linked to its parent, Warehouse One Clothing Ltd. This legal decision facilitates the consolidation of operations and ensures that the established brand continues to operate under the affiliate’s oversight. The ruling followed a thorough judicial review aimed at preserving shareholder interests and streamlining market presence amid competitive pressures.
torontosun.com / Court approves sale of Bootlegger to subsidiary of parent company
winnipegfreepress.com / Court approves sale of Bootlegger to subsidiary of parent company
citynews.ca / Court approves sale of Bootlegger to subsidiary of parent company
3 stories from 3 sources in 27 hours ago ... #economy #finance #trade #business #law +
Trump tariffs disrupt importers and local markets
April 12, 2025, 6:20 am
Two reports detail the immediate fallout from the Trump administration’s tariff actions on Chinese imports. One account emphasizes the dramatic toll on importers, describing their struggle against rising costs with forceful imagery, while the other focuses on a Michigan city preparing for the economic shock these tariffs are expected to bring. Both stories examine the localized and industry-wide impacts of the tariff policy, highlighting its broader implications for trade and market stability across North America.
citynews.ca / A timeline of Donald Trump’s tariff trade war
torontosun.com / ELDER: The left now discovering economist Milton Friedman
torontosun.com / GOLDSTEIN: Reckless Liberal spending compromised our ability to fight tariff war
torontosun.com / ’ASLEEP AT THE WHEEL’: Michigan city braces for impact of Trump’s tariffs
winnipegfreepress.com / Democrats dislike the ‘chaos’ of Trump’s trade war but are OK with some tariffs
winnipegfreepress.com / Trump’s China tariffs swing a sledgehammer at importers and cheap goods
citynews.ca / Trump’s China tariff shocks US importers. One CEO calls it ‘end of days’
financialpost.com / Making the most of market volatility: FP Video on the latest tariff tangents
winnipegfreepress.com / ‘Asleep at the wheel’: Michigan city braces for impact of Trump’s tariffs
citynews.ca / ‘Asleep at the wheel’: Michigan city braces for impact of Trump’s tariffs
winnipegfreepress.com / For some N.S. fishers, grievances with Liberals outweigh U.S. tariff worries
11 stories from 4 sources in 34 hours ago ... #economy #global-trade #tariffs #autosector #business +
Ontario collects one-day electricity export surcharge revenue
April 11, 2025, 1:21 pm
Ontario implemented a one-day 25% surcharge on electricity exports to the United States, raising $260,000. The measure impacted power supplies reaching roughly 1.5 million homes across three states and was executed as part of efforts to manage interprovincial trade and energy market dynamics. Officials note that while this surcharge was an isolated regulatory step, it has sparked wider discussions about energy pricing and cross-border trade policies, highlighting the challenges of balancing local resource management with export demands.
globalnews.ca / Ontario’s 1-day surcharge on U.S. energy exports raised $260K
theglobeandmail.com / Ontario collects $260,000 from one-day electricity surcharge on U.S. exports
torontosun.com / Ontario collects $260,000 from one-day electricity surcharge on U.S. exports
4 stories from 4 sources in 2 days ago ... #politics #provincial #trade #us-relations #energy +
GM halts Ingersoll CAMI plant production amid low demand
April 11, 2025, 1:21 pm
GM Canada is suspending operations at its CAMI Assembly Plant in Ingersoll, Ontario, due to low demand and excess inventory of BrightDrop electric delivery vans. The temporary halt, which comes with staff reductions and planned production cuts, affects roughly 1,200 workers and could lead to further layoffs. This measure is part of GM’s strategy to adjust production in response to market realities and supply chain pressures while reassessing its manufacturing scale.
nationalobserver.com / General Motors to shut down Ingersoll EV plant, putting 500 jobs at risk
torontosun.com / GM temporarily halting CAMI production plant on low demand
winnipegfreepress.com / GM temporarily halting CAMI production plant on low demand
citynews.ca / ‘A crushing blow’: GM to temporarily halt, then reduce production at CAMI Assembly Plant in Ingersoll
4 stories from 4 sources in 2 days ago ... #economy #employment #business #autosector #ontario +
Analyze U.S. Stock Futures Rally Amid Trade and Tariff Concerns
April 11, 2025, 7:21 am
Two separate reports note that U.S. stock futures indicate a positive opening for the market after a turbulent week marked by sharp fluctuations, tariff revisions, and rising import costs on Chinese goods. The stories emphasize that despite ongoing trade tensions and uncertainties surrounding President Trump’s policies, market sentiment appears optimistic as futures point to an improved trading session.
torontosun.com / CHARLEBOIS: Counter-tariffs, not Trump, hurting Canada’s food economy
globalnews.ca / Canada, U.S. markets close higher, capping ‘topsy-turvy’ tariff week
torontosun.com / Carney warns of signs that global economies are slowing amid Trump’s tariffs
globalnews.ca / Trump hasn’t worked out how auto parts tariff would work, Ontario minister says
torontosun.com / NYC champagne bar to manage Trump tariffs with smaller pours
globalnews.ca / Trump threatens Mexico with sanctions, tariffs over water-sharing treaty
winnipegfreepress.com / Futures market points to positive open for U.S. stock markets
citynews.ca / Futures market points to positive open for U.S. stock markets
8 stories from 4 sources in 2 days ago ... #economy #finance #trade #us-relations #business +
Chinese Exporters Respond to Trump's Tariffs in Escalating Trade War
April 11, 2025, 6:20 am
In an escalating trade conflict between the United States and China, exporters described the severe impact of Trump-era tariffs. Following the U.S. imposition of a 145% tariff on Chinese goods, China retaliated with a 125% tariff on U.S. products, affecting over $582.4 billion in bilateral trade. The exporters voiced concerns about rising costs and supply chain disruptions, highlighting the broader economic implications of the trade war. Their commentary reveals the deep challenges facing international business amid shifting global policies.
globalnews.ca / Canada’s auto sector weighs ‘difficult’ new reality under Trump’s tariffs
nationalobserver.com / Fact check: Did Carney meet with a Beijing-affiliated group? And more
globalnews.ca / Trade war ramps up as China retaliates by raising tariffs on U.S. imports
thestar.com / Trump's tariff war: China increases tariffs on U.S. goods to 125%; Futures markets pointing to positive start
winnipegfreepress.com / Q&A: What has China done so far? What could China do next?
winnipegfreepress.com / The Latest: Global tariff battle escalates as China retaliates with 125% tariffs on US goods
torontosun.com / China will raise tariffs on U.S. goods from 84% to 125%
winnipegfreepress.com / Here’s what some exporters in China say about Trump’s trade war
citynews.ca / Here’s what some exporters in China say about Trump’s trade war
9 stories from 6 sources in 2 days ago ... #economy #trade #us-relations #global-trade #business +
Canada hit by escalating U.S. tariffs affect trade and local businesses
April 11, 2025, 5:21 am
A series of reports detail how escalating U.S. tariff policies and related trade measures are impacting Canada economically. One story notes that China has raised tariffs on U.S. goods, intensifying the trade war, while another covers Prime Minister Mark Carney’s suspension of his election campaign to address the fallout from these tariffs. Further reports reveal that Canadians expect personal financial impact, with duty‐free shops and small food manufacturers suffering declining sales and pressured supply chains due to retaliatory tariff actions.
nationalpost.com / Michael Higgins: Carney’s new Project Fear is to scare Canadians into voting for him
torontosun.com / SNOBELEN: Canada needs leadership to rescue economy from Trump’s blender
torontosun.com / SHAPIRO: Trump’s tariff decision a reality-driven U-turn
nationalpost.com / Carney leaving ‘instructions’ to help next government prepare for Trump
globalnews.ca / ‘It’s very grim’: Duty-free shops see sales plummet as travellers shun U.S.
torontosun.com / Canada/US tariff negotiations will begin this May: Carney
theglobeandmail.com / New Brunswick’s tiny Campobello Island gets special tariff exemption
theglobeandmail.com / Mark Carney warns of signs that global economies are slowing amid Donald Trump’s tariffs
nationalpost.com / Potential impact of Trump’s trade war on jobs and inflation sends U.S. consumer sentiment plunging
winnipegfreepress.com / Could Trump’s tariffs slow emissions? Sure, experts say, but at great cost overall
theglobeandmail.com / Duty-free shops see sales plummet as travellers avoid U.S.
citynews.ca / New Toronto bar responds to Trump tariffs with patriotism; accepts Canadian Tire money
torontosun.com / In response to U.S. tariffs, New Brunswick looking at selling government-owned Teslas
theglobeandmail.com / New Brunswick looks at selling government-owned Teslas in response to Trump tariffs
winnipegfreepress.com / Carney warns of signs that global economies are slowing amid Trump’s tariffs
citynews.ca / Carney warns of signs that global economies are slowing amid Trump’s tariffs
globalnews.ca / In response to U.S. tariffs, New Brunswick looking at selling government-owned Teslas
thestar.com / In response to U.S. tariffs, New Brunswick looking at selling government-owned Teslas
cbc.ca / Global economic slowdown from tariffs starting to impact Canada, Carney says after cabinet meeting
torontosun.com / Tariffs could cost them. They’re still standing by Trump.
nationalobserver.com / Carney in Ottawa for cabinet committee meeting on U.S. relations
nationalobserver.com / Most Canadians say they expect to feel U.S. tariffs and want Canada to fight back: poll
globalnews.ca / Mark Carney back in Ottawa to address Donald Trump’s trade war
nationalpost.com / Most Canadians say they expect to feel U.S. tariffs, want Canada to fight back: poll
torontosun.com / THE LATEST: Carney suspends campaign to chair meeting as PM
torontosun.com / Carney in Ottawa today for cabinet committee meeting on U.S. relations
torontosun.com / Most Canadians say they expect to feel U.S. tariffs, want Canada to fight back: poll
torontosun.com / Duty-free shops see business ’falling off the cliff’ as travellers shun U.S.
globalnews.ca / Ford to legislate ‘economic priority areas,’ remove trade barriers to fight Trump tariffs
theglobeandmail.com / For farmers of Souris, PEI, every pressing campaign issue is a hot potato
citynews.ca / China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday
citynews.ca / Carney in Ottawa today for cabinet committee meeting on U.S. relations
citynews.ca / Most Canadians say they expect to feel U.S. tariffs, want Canada to fight back: poll
citynews.ca / Duty-free shops see business ‘falling off the cliff’ as travellers shun U.S.
citynews.ca / Tariffs could spell end of the line for some smaller Canadian food makers: experts
35 stories from 9 sources in 2 days ago ... #politics #provincial #economy #trade #us-relations +
Asian shares plunge amid escalating US-China trade war tensions
April 10, 2025, 10:20 pm
Asian financial markets experienced significant declines as Japan’s Nikkei dipped by 5.6% initially, reflecting growing apprehension over escalating trade tensions between the US and China. Concerns over the intensifying trade war and ensuing market turbulence led to broader sell-offs, impacting investor sentiment across the region. The surge of the yen further compounded these challenges, highlighting the fragile balance between global economic growth and the risks associated with persistent trade disputes.
thestar.com / Trump's tariff war on China and the world continue to wreak havoc on stock markets
winnipegfreepress.com / China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday
winnipegfreepress.com / China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday
torontosun.com / Asian shares sink with Japan’s Nikkei down 5.6% as China-U.S. trade war escalates
winnipegfreepress.com / Asian shares sink, with Japan’s Nikkei down 5.6% as China-US trade war escalates
5 stories from 3 sources in 2 days ago ... #economy #trade #us-relations #global-trade #business +
Trump warns of returning reciprocal tariffs if global deals falter
April 10, 2025, 10:20 pm
Former remarks by President Trump have underscored a looming threat of reinstating reciprocal tariffs within 90 days should international partners fail to secure coordinated trade agreements. Citing the potential benefits of a unified global response, an ex-trade negotiator indicated that a more coordinated approach could end the tariff threats sooner, reducing market volatility. The comments come amid widespread market uncertainty and reflect the administration’s readiness to leverage tariff measures to secure advantageous deal terms in ongoing trade negotiations.
globalnews.ca / Not buying a new car? How Trump’s auto tariffs will hit current owners too
winnipegfreepress.com / The art of the painfully slow deal
winnipegfreepress.com / This is not the time for renegotiating the CUSMA
torontosun.com / Letters to the Editor, April 11, 2025
nationalpost.com / Trump tariff threat would end quicker with ‘more co-ordinated response’ globally: ex-trade negotiator
5 stories from 4 sources in 2 days ago ... #economy #trade #us-relations #global-trade #tariffs +
Insider Bid Revealed in Hudson’s Bay Creditor Sale Process
April 10, 2025, 9:20 pm
Lawyers circulating a confidential internal document have raised concerns that a company insider may be secretly exploring a bid for Hudson’s Bay assets or leases as part of its creditor protection proceedings. The protocol designed for managing insider bids is now under intense scrutiny as legal experts investigate potential conflicts of interest and the legitimacy of the proposed move. This development is further complicating creditor negotiations amid the company’s restructuring efforts and could significantly impact future asset disposition strategies.
torontosun.com / Hudson’s Bay sale now using protocol designed to handle insider bid: document
winnipegfreepress.com / Hudson’s Bay sale now using protocol designed to handle insider bid: document
citynews.ca / Hudson’s Bay sale now using protocol designed to handle insider bid: document
3 stories from 3 sources in 2 days ago ... #economy #finance #business #consumer #trade +
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