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Canadian economy shrinks 1.6% in second quarter as U.S. tariffs squeeze exports

[published_date] Canada's economy shrank in the second quarter by a much larger degree than expected on an annualized basis as U.S. tariffs squeezed exports. But higher household and government spending cushioned some of the impact, data showed on Friday. The GDP for the quarter that ended June 30 slowed by 1.6 per cent on an annualized basis from a downwardly…

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All systems go: Canada’s first commercial space launch to take off from St. Lawrence Friday

[published_date] Newfoundland and Labrador is expected to become part of Canadian space history on Friday, when the country's first commercial rocket launch takes off from near St. Lawrence on the Burin Peninsula. The launch will be a test of NordSpace's single-engine rocket, called Taiga — a six-metre tall rocket created using 3D-printed metal. The launch was originally scheduled…

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International student at Western ‘completely stuck’ waiting months for study permit amid new Canadian rules

[published_date] Less than one week before the fall semester starts, Western University graduate student Yixuan Peng still hasn't learned if he'll be able to attend his orientation or classes in London, Ont.  The international student from China was accepted to Western's master of science business analytics program in early May but has yet to get the new study permit he applied for that month.  "Everything…

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Small businesses that relied on duty-free U.S. shipping wonder if they can survive without it

[published_date] As of Friday, Canada's small businesses can no longer ship small packages to the U.S. duty-free — and some online sellers are worried that their companies won't survive the hit. The nearly century-old de minimis exemption, which in recent years allowed goods under $800 US to enter the U.S. without extra fees, is ending as a July executive order by U.S. President…

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Mounting layoffs at B.C. schools creating ‘biggest crisis in post-secondary ever,’ faculty association says

[published_date] More faculty positions are being cut at post-secondary schools across B.C., like Langara College and Kwantlen Polytechnic University, as a result of new government policies that reduce the number of international students. Faculty associations are decrying the wave of departures, saying they're weakening post-secondary education in the province and leaving schools with few options to…

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1 dead, another arrested after police resolve shooting incident that led to neighbourhood lockdown

[published_date] A man wanted on a Canada-wide warrant was found dead inside a Calgary home in the northwest neighbourhood of Rosedale after police say he shot at officers who tried to make an arrest. The incident had prompted a shelter-in-place order, which has since been lifted, for a stretch of Crescent Road and the surrounding area after the…

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Calgarian who ran $150-million ‘classic Ponzi scheme’ ordered to pay $8.8 million in penalties

[published_date] A Calgary man who ran a $150-million Ponzi scheme has been convicted of securities fraud and ordered to pay $8.8 million in penalties and costs by the Alberta Securities Commission (ASC). Craig Michael Thompson, 47, and his two companies, Black Box Management Corp. and Invader Management Ltd., defrauded 1,000 Canadian and American investors between 2020…

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