Category: News

Mar 12

Royal Bank of Canada cuts prime rate to 4.95%, following Bank of Canada’s lead

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 […]
Mar 12

Trump tariffs could destroy U.S. demand for aluminum: Industry group

Article content MONTREAL — A representative of Canada’s aluminum industry says the Trump administration’s 25 per cent tariffs could destroy demand for the metal in the American market. Article content Jean Simard, president and chief executive of the Aluminum Association of Canada, says orders from U.S. clients will slow and aluminum will pile up at […]
Mar 12

Disabled employees under strain as PIP cut rumours grow

Rumours of potential government policy changes — including over £5 billion in disability benefit cuts and possible reforms to Personal Independence Payments (PIP) — could lead to more disabled people entering workplaces that lack essential accommodations, according to new research from consultancy The study, by consultancy firm Barnett Waddingham (BW) shows 79% of disabled employees […]
Mar 12

US imposes 25% tariffs on UK steel imports

President Trump’s 25% tariffs on steel and steel derivative products have come into force today, delivering a significant blow to British steelmakers and their US customers. With no exemptions granted to the UK or other trading partners, industry leaders warn of a damaging ripple effect as diverted steel trade enters markets like Britain. Further reciprocal […]
Mar 10

Bank of Canada expected to cut interest rate on Wednesday as trade uncertainty with U.S. continues

Breadcrumb Trail Links News Economy Balancing weaker economic growth but higher inflation, central bank may trim rate by 25 basis points to 2.75 per cent Published Mar 10, 2025  •  3 minute read Tiff Macklem, governor of the Bank of Canada, at the Hilton Mississauga Meadowvale, on Feb. 21, 2025. Photo by Peter J. Thompson/National […]