House speaker asks Trump to delay State of the Union speech amid government shutdown

The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates show, as contractors and even the coast guard go without pay, and talks to end the impasse seem stalled. The longest such shutdown in U.S. history has dragged into its 26th day with neither President Donald Trump nor Democratic congressional […]

Why the Ontario Trucking Association wants foreign workers to fill trucker shortage

The Ontario Trucking Association says there’s a desperate shortage of truckers in Ontario and they have a solution: bring in foreign workers. The association says it wants to bring in more foreign workers to do the job because long-haul trucking is a job people in Ontario don’t want. The country’s largest transportation union, Teamsters Canada, says that’s […]

Toronto, Vancouver most ‘vulnerable’ to interest rate hikes: CMHC

Canadians living in the country’s two largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record levels, warns a Canada Mortgage Housing Corporation report. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent […]

Premier wants new oil refinery built in province

The Alberta government is issuing a request for expressions of interest from the private sector to build a refinery in the province that would use oil extracted here. Premier Rachel Notley said Tuesday that a new refinery is one way to reduce the oil price differential that is battering the Alberta treasury. “Let’s stop the talk and start […]

CN bidding for Halifax container terminal

Canadian National Railway has submitted a bid to buy Atlantic Canada’s largest container terminal. The company says if successful, it will spend money to upgrade the Halterm container terminal in Halifax. “As part of our action-oriented approach to grow trade volume on our Eastern Network, CN is exploring the opportunity with a partner of getting involved […]

Regular women as lingerie models? Start-ups challenge Victoria’s Secret to get ‘real’

Tall, slim and sexy. Sunday night’s broadcast of the annual Victoria’s Secret Fashion Show featured the usual suspects: supermodels in tantalizing bras, panties and garter belts, strutting their stuff down the runway — and straight into controversy. “Every single year I say, ‘This is going to be the year they start including women of different sizes and […]

GM’s decision to close Oshawa plant raises fears for future of making cars in Canada

The sudden announcement that General Motors will stop making cars in Oshawa, Ont. after next year sent shockwaves through the industry on Monday. The impact of GM’s move could extend far beyond the borders of the community east of Toronto that has been synonymous with auto manufacturing for the past 65 years. Joe McCabe, CEO of Pennsylvania-based consultancy Auto […]

Quick fix for Alberta’s oil woes may be sorely needed — but not so easily found

With steep discounts on Alberta oilsands crude hitting Canada’s energy sector hard, the economic cost continues to climb by tens of millions of dollars each day.   The contagion, as economist Peter Tertzakian calls it, is also spreading to other grades of oil, potentially threatening billions in spending and, once again, putting jobs on the line. Such risks […]