Written Articles

Air Canada’s US Revenue Sinks But Carrier Keeps Profit Outlook

Air Canada held its profit guidance steady despite a sharp decline in travel to US destinations, betting it can make up for it on other international and domestic routes.The Montreal-based carrier reiterated its guidance of C$3.2 billion ($2.3 billion) to C$3.6 billion in adjusted earnings before interest, taxes, depreciation and amortization for the year. But it posted disappointing second-quarter results, and the shares tumbled the most in more than two years.

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...

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...

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...

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...

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...

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...

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...
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