Author page: kwikrmag-admin

[published_date] Statistics Canada says manufacturing sales fell 2.8 per cent in April, the largest monthly drop since October 2023, as the tariff dispute with the United States hit the industry. The agency says manufacturing sales stand at their lowest level since January 2022 after a second straight monthly drop. Drops in sales of petroleum and…

[published_date] When the trade war began in February, Canada looked like it might have been one of the countries hardest hit by U.S. tariffs. But in three months of head-spinning volatility, the on-again, off-again threats have expanded, Canada has negotiated sweeping exemptions and economic data has held up remarkably well. A new report from RBC's chief…

[published_date] WestJet is alerting its employees and the public about a "cybersecurity incident" involving the Calgary-based airline's internal systems. On Sunday, the airline said in an online update that people using the WestJet app or website could encounter "intermittent interruptions or errors" as the company works out the extent and impact of the incident. WestJet's operations remain safe and stable,…

[published_date] When Victoria resident Dick Newson tried to send €1,000 to a friend in France through a money transfer from his Scotiabank account, he didn't expect it to be a hassle.  "We were able to submit it and it said 'Done,' " said Newson in an interview with CBC News last week. "Two weeks later,…

[published_date] The Canadian Real Estate Association says home sales in May fell 4.3 per cent compared with a year ago, but activity picked up when compared to the previous month. Home sales rose 3.6 per cent from April, marking the first month-over-month increase at the national level in more than six months. CREA senior economist…

[published_date] A B.C. mining company has announced significant layoffs, saying they are the result of global economic uncertainty and tariffs.  Glencore-owned Elk Valley Resources (EVR), which operates four steelmaking coal mines in B.C.'s southeast along the Alberta border, said it is cutting 140 staff jobs.  In an emailed statement from company communications manager Chris Stannell, Elk Valley blamed "challenging market…

[published_date] Think food prices are high now? By the end of this century, climate change could significantly cut production of six staple food crops around the world — including wheat production in Canada, leading to higher prices, a new study finds.  And certain crops in higher-income regions, such as corn and wheat in the U.S.…

[published_date] Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure, the retailer said Wednesday. The affected employees are part of its store support centres, a spokesperson for the company told CBC News in a statement. "As we continue to deliver on our strategy, we regularly assess…

[published_date] The Competition Bureau is calling for changes to improve the competitive landscape in Canada's airline industry,  including loosening rules that limit foreign ownership of Canadian airlines. In a 117-page market study published Thursday, the watchdog reiterated that Canada's airline industry is highly concentrated with two major carriers — Air Canada and WestJet — dominating the domestic market. Those…

[published_date] Canada Mortgage and Housing Corporation (CMHC) says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019, based on projected demand. The national housing agency released its latest supply gaps estimate report today, which says between 430,000 and 480,000 new housing units…

[published_date] Canada Post says it has reached a deal with the Canadian Postmasters and Assistants Association (CPAA), the second-largest union representing its workers. The union represents 8,500 of the Crown corporation's employees, most of whom are responsible for managing post offices in rural areas of the country. The parties, which had been negotiating for 18 months, went…

[published_date] As Prime Minister Mark Carney's government works to reshape its economic policies amid an unpredictable administration south of the border, Canadian businesses that trade with China say Ottawa needs to find ways to expand exports there — and fast. While the Canada-China relationship has been stymied in recent years, there are signals of relations…