WASHINGTON — An pharmaceutical industry representative says Canada likely isn’t the main target of U.S. President Donald Trump’s threat to impose a 200 per cent tariff on pharmaceutical imports — but his plan could still put parts of the Canadian sector in peril. Canadian Generic Pharmaceutical Association president Jim Keon says there’s a risk that...
Category: Business
‘Kind of stuck’: Weak condo market means tough choices for potential move-up buyers
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment. Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years...
Nutella maker Ferrero plans to buy century-old cereal maker WK Kellogg for $3.1 billion
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast...
Thousands of Microsoft Outlook users report issues accessing their email
Several thousand Microsoft Outlook users ran into issues with the email platform Wednesday night and Thursday morning, with some reporting problems like loading their inboxes or signing in. Microsoft 365’s status page first said that it was investigating an issue with Outlook on Wednesday night, and later shared it was deploying a fix. But affected...
Canadian pharmaceutical industry alarmed after Trump floats 200 per cent tariff
WASHINGTON — An pharmaceutical industry representative says Canada likely isn’t the main target of U.S. President Donald Trump’s threat to impose a 200 per cent tariff on pharmaceutical imports — but his plan could still put parts of the Canadian sector in peril. Canadian Generic Pharmaceutical Association president Jim Keon says there’s a risk that...
‘Kind of stuck’: Weak condo market means tough choices for potential move-up buyers
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment. Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years...
Nutella maker Ferrero plans to buy century-old cereal maker WK Kellogg for $3.1 billion
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast...
Defence expected to find operational savings even as its budget balloons
The Department of National Defence will not be spared from Prime Minister Mark Carney’s cost-cutting drive — even though overall defence spending is set to balloon in the coming years. Finance Minister François-Philippe Champagne sent letters to cabinet ministers Monday asking them to find savings of 7.5 per cent in their budgets starting in fiscal...
Mattel introduces its first Barbie with Type 1 diabetes
Mattel has introduced its first Barbie representing a person with Type 1 diabetes, as part of wider efforts from the toy maker to increase inclusivity among its dolls. In an announcement Tuesday, Mattel said it had partnered with Breakthrough T1D — a Type 1 diabetes research and advocacy organization formerly known as Juvenile Diabetes Research...
U.S. copper tariffs threat met with shrugs, skepticism, though risks remain
While Canadian copper miners have largely said U.S. copper tariffs won’t affect them, some market analysts are wondering how realistic the threat really even is. U.S. President Donald Trump said Tuesday that he was planning to impose 50 per cent tariffs on copper imports, though any details on possible exemptions or timing have yet to...