Chaimae Chouiekh

Written Articles

Bloomberg.com •

Diamond Mine in Canada’s North Halted With Hundreds Laid Off

Burgundy Diamond Mines Ltd. laid off “several hundred” workers after halting part of its Ekati operations in northern Canada, adding another blow to the country’s struggling diamond mining industry.Chief Executive Officer Jeremy King said the company has temporarily suspended its Point Lake open-pit mine after record-low global diamond prices made the operation uneconomical.

Burgundy Diamond Mines Ltd. laid off “several hundred” workers after halting part of its Ekati operations in northern Can...
Bloomberg.com •

Carney Should Bar US Firms From Projects as Trade Leverage, Scotiabank’s Holt Says

Canada should consider excluding US companies from major infrastructure and defense projects as part of its response to the Trump administration’s barrage of tariffs, according to a Bank of Nova Scotia economist. Blocking US firms from billions of dollars in contracts — and giving that business instead to companies in Canada, Europe, Asia and Latin America — may help give the government more leverage without having to apply larger retaliatory tariffs, said Derek Holt, the bank’s head of capital...
Bloomberg.com •

Canadian Home Sales Rise With Economy Holding Up Amid Trade War

Home sales in Canada rose for a second straight month, reflecting a boost in buyer confidence as the economy appeared to shrug off the impact of US tariffs.Transactions were up 2.8% in June from May, according to seasonally adjusted data released Tuesday by the Canadian Real Estate Association. Meanwhile, the benchmark price of a home in Canada inched down 0.2% in the same period to C$688,600 ($503,400), the sixth straight month of declines.

Home sales in Canada rose for a second straight month...
Bloomberg.com •

Amazon Interfered in Canadian Union Efforts, Labor Board Rules

Amazon.com Inc. mounted a “lengthy and pervasive anti-union campaign” at a warehouse in western Canada and hired an excessive number of workers to dilute support for a union, according to a Canadian labor board. The British Columbia Labour Relations Board found that Amazon Canada Fulfillment Services ULC violated provincial labor laws by interfering in organization efforts at a facility in Delta, south of Vancouver. The board green-lit the union on Friday through remedial certification — a move...
Bloomberg.com •

Rare Earths Processor Scales Back Output Due to Construction Delays

Construction delays have caused one of North America’s few rare-earth processors to push back its production goal, just as Western nations struggle to counter China’s control over metals vital to industry.A plant being built in Canada was supposed to process 400 metric tons of rare earth elements annually starting in 2025 — enough to power 500,000 electric vehicles. Instead, this year’s output is expected to be closer to 100 tons due to delays getting equipment needed to build the facility, acco...
Bloomberg.com •

Amazon Faces Scrutiny as Canada’s Competition Watchdog Deepens Probe

Canada’s competition watchdog secured a court order to help its investigation into whether Amazon.com Inc. is abusing its dominant retail position in the market. The order requires Amazon to produce records relevant to the watchdog’s probe, which started in 2020 and concerns Amazon’s Marketplace fair pricing policy. The Competition Bureau is investigating whether the policy discourages third-party sellers from offering products at a lower price on other sites — therefore lessening price competit...
Bloomberg.com •

Toronto Home Prices Fall for a Seventh Month as Economy Slows

Home prices in Toronto fell for a seventh consecutive month as fallout from US tariffs caused Canada’s economy to slow.The benchmark price of a home in the country’s largest city slipped 0.9% in June from May, hitting C$978,200 ($720,164), according to seasonally adjusted data released Friday by the Toronto Regional Real Estate Board.

Home prices in Toronto fell for a seventh consecutive month as fallout from US tariffs caused Canada’s economy to slow.

The benchmark price of a home in the coun...
Bloomberg.com •

Canada Airports Resume Service After Bomb Threats Caused Delays

Major Canadian airports are returning to normal operations after they were forced to delay some morning flights on Thursday because of bomb threats.The threats affected facilities in Ottawa, Montreal, Edmonton, Winnipeg, Calgary and Vancouver, according to a social media post by Nav Canada, the country’s air-traffic authority, which instituted a temporary ground stop.

Major Canadian airports are returning to normal operations after they were forced to delay some morning flights on Thursday beca...
Bloomberg.com •

Legal Software Startup Clio to Acquire VLex for $1 Billion

Canadian software company Themis Solutions Inc. struck a deal to buy legal data and research company vLex LLC for $1 billion in cash and shares.Themis, which is better known by its operating name Clio, helps lawyers manage their practices by automating processes such as client intake, accounting and document management. The acquisition will give it control of vLex’s artificial intelligence platform, known as Vincent, which is based on a database of legal documents, according to a statementBloomb...
Bloomberg.com •

Circle K Owner Sees Clarity on Seven & I Deal Sooner Than Later

Circle K owner Alimentation Couche-Tard Inc. slightly missed earnings estimates and said it’s expecting resolution in its deal talks with Seven & i Holdings Co. fairly soon.The Canadian convenience store and fuel retailer earned Bloomberg Terminal46 cents per share on an adjusted basis in its fiscal fourth quarter, a penny short of the 47 cents estimated by analysts in a Bloomberg survey.

Circle K owner Alimentation Couche-Tard Inc. slightly missed earnings estimates and said it’s expecting res...
Bloomberg.com •

Carney Bill to Speed Projects Passes Vote Despite Indigenous Opposition

Canada’s House of Commons cleared a bill to accelerate the building of major projects such as pipelines, but Indigenous groups are threatening to force a legal battle over it.The legislation drafted by Prime Minister Mark Carney’s government aims to fast-track construction by allowing projects that are deemed in the “national interest” to receive a quicker review for environmental and other impacts. The bill now heads to the Senate, where it faces a final vote, expected next week, before becomin...
Bloomberg.com •

Canada Home Sales Up for First Time in Six Months on Trade Hopes

Home sales in Canada rose for the first time in six months in May as buyers’ confidence strengthened amid a de-escalation of trade tensions with the US.Sales were up 3.6% in May compared to the prior month, the first gain since November, according to seasonally adjusted data released Monday by the Canadian Real Estate Association. That gain was slightly ahead of the 3.1% increase in new listings. But the benchmark price of a home in Canada fell 0.2% from the previous month to C$690,900 ($509,800...
Bloomberg.com •

US Wine Exports to Canada Fall by Most in Over 20 Years

Supply Lines is a daily newsletter that tracks global trade. Sign up here.US wine exports to Canada, its largest customer, fell by the most in more than 20 years in April as consumers and government agencies continue their boycott of American booze in retaliation against US tariffs.

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

US wine exports to Canada, its largest customer, fell by the most in more than 20 years in April as consumers and government agencies conti...
Bloomberg.com •

Canadian Support for Counter-Tariffs Dips as Trump Trade War Persists

Supply Lines is a daily newsletter that tracks global trade. Sign up here.Canadians continue to support retaliating against US President Donald Trump’s wave of tariffs, but their fervor has waned as the trade war wears on.

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

Canadians continue to support retaliating against US President Donald Trump’s wave of tariffs, but their fervor has waned as the trade war wears on.
Bloomberg.com •

Tariffs, State Jabs Push Canadians to Ditch US Travel, Poll Says

Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Canadians say they plan to shun US travel this summer as the trade war between the two countries continues, according to a poll by Leger Marketing Inc.

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

Most Canadians say they plan to shun US travel this summer as the trade war between the two countries continues, according to a poll by Leger Marketing Inc.
The Ubyssey •

Opinion: UBC’s inconsistent statements about international crises show selective solidarity

On September 8, the Kingdom of Morocco was violently hit by an unprecedented6.8-magnitude earthquake. This disaster was the most devastating in Morocco’s recent history, killing more than 2,900 people, injuring 5,500 people and plunging the country into chaos.

As this heartbreaking news dominated international headlines, it was quite surprising and disheartening to see no mention of this international catastrophe in UBC’s official statements or communication channels the next morning.
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