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Bob Pulham recalls the optimism in the air when General Motors began producing electric vans in Ingersoll, Ont., in late 2022. As the first BrightDrop commercial van rolled off the line at the CAMI Assembly plant, GM executives, union leaders and former prime minister Justin Trudeau touted it as a major milestone for electric vehicle…
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday….
A major Ontario municipality was forced to stop borrowing money to invest in various projects for two years because of “perceived uncertainty” caused by policies and reversals put forward by the Ford government. The Region of Peel, one of the province’s largest local governments, didn’t borrow any money in either 2023 or 2024 because of…
Russia’s economy is at risk of cooling down excessively amid a prolonged period of high interest rates and could face challenges returning to a growth path, a top executive at Russia’s largest lender, Sberbank, has warned. “There is a danger of the economy overcooling and that we may not be able to come out of this…
Colorful display of All Star Converse sneakers in shoe store, Manhattan, New York. Lindsey Nicholson | Universal Images Group | Getty Images Would you be bothered if your coat was officially classified as a windbreaker or a raincoat, or your shoes as slippers? Businesses do care though, as classifications under a preferred category can help…
The owner of a Downtown Eastside restaurant on a block with one of the highest crime rates in Vancouver says the irony of all the drug use, dealing and street disorder happening outside his doors is something he tries not to think about as he struggles to run a legal business. At the same time,…
Leaders of the G7 have reached agreements on a “human-centric approach” to artificial intelligence adoption, fighting transnational oppression and creating standards-based markets for critical minerals, but not on holding Russia to account for its war in Ukraine or securing a ceasefire in the Middle East. The seven world leaders wrapped up their summit in Alberta…
Federal Reserve Chair Jerome Powell delivers remarks during the Division of International Finance 7th Anniversary Conference at the Fed on June 02, 2025 in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and…
Tuesday marked the fifth day of fighting between Israel and Iran with the risk of a widening conflict dampening investors’ risk appetite. With tensions running high, U.S. crude rose 2.26 per cent to $73.39 a barrel for West Texas crude — the U.S. benchmark oil price — while Brent crude, the European benchmark price, rose…
Jane Woodcock says when her husband died in 2018, she quickly realized she did not have enough income to support herself and their five animals. In 2019, just before the COVID-19 pandemic hit, the 68-year-old Woodcock started to see the price of everything rise, leading her to find a job as a cleaner to help…
