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- Lloyd Robertson, Unflappable Canadian Broadcaster, Dies at 92
His 41 years as a national television news anchor surpassed the tenures of Walter Cronkite and Tom Brokaw. [TheTopNews] Read More.20 mins ago - Carney asks Canada’s provinces to end US alcohol ban as trade deal nears
An agreement preventing a new wave of US tariffs is close and could include an end to Canada's boycott of US wine and spirits. [TheTopNews] Read More.25 mins ago - Why Bond Yields Are Rising, and What It Means for the EconomyInterest rates on U.S. government bonds can affect everything from auto and student loans to mortgages. [TheTopNews] Read More.43 mins ago
- Walmart sales under strain as US shoppers pull backHigh gas prices and weaker pharmacy sales pushed Walmart's growth to its slowest pace in six years [TheTopNews] Read More.1 hour ago
- Bernard Matthews confirms closure of Derby factoryBernard Matthews Foods says its Shaftesbury Street factory will close by the end of 2026. [TheTopNews] Read More.3 hours ago
- Canadian Businesses Wait as 50% U.S. Tariff Deadline Approaches
Canadian businesses are taking a cautious approach as the deadline approaches for a new round of U.S. tariffs on Canadian goods. Rather than rushing shipments across the border ahead of the potential duties, many importers, exporters, and transportation companies are waiting for greater clarity on whether the tariffs will actually take effect. The proposed tariffs would impose a 50% duty on nearly $20 billion worth of Canadian goods, ranging from dairy products to clothing. They were scheduled to take effect August 19. Unlike many previous U.S. tariffs, the latest duties would also apply to affected goods that comply with the Canada-U.S.-Mexico Agreement, potentially reducing one of the major protections Canadian exporters have relied on during the trade dispute. Janine Harker, president of the Canadian Society of Customs Brokers, described businesses as being in a period of “watchful waiting.” Companies are planning for possible additional costs but are reluctant to make significant supply chain changes before receiving official confirmation about how the tariffs will be implemented. That response differs significantly from early 2025, when businesses rushed shipments into the United States ahead of threatened tariffs. Frequent tariff announcements, delays, pauses, and changes over the past year have made companies less willing to restructure shipping schedules around every new deadline. John Corey, president of the Freight Management Association of Canada, suggested some businesses have become increasingly skeptical about whether every tariff threat will ultimately be implemented. However, TFI International CEO Alain Bédard offered a more cautious assessment, saying feedback received by the trucking company suggested the tariffs would take effect. Despite that expectation, TFI had not observed exceptional pre-buying or pre-shipping activity among customers. Instead of accelerating freight movements, companies have focused on understanding their potential financial exposure. Customs brokers are reviewing product classifications, supply chains, and trade documentation to determine which shipments could become subject to the new duties. The potential removal of CUSMA protection for targeted products could create significant challenges. Some Canadian companies have structured their supply chains specifically to qualify products for preferential treatment under the trade agreement. Businesses that import materials and manufacture finished products in Canada could face higher costs when exporting those goods to American customers. The apparel and textile industry is among the sectors particularly exposed to the tariff threat. Roughly two-thirds of Canada’s approximately $3 billion in annual apparel and textile exports are destined for the United States, making continued access to… [TheTopNews] Read More.3 hours ago
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