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Liberal leadership hopeful Mark Carney pledges temporary cap on immigration
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Liberal leadership hopeful Mark Carney pledges temporary cap on immigration

OTTAWA — Liberal leadership hopeful Mark Carney says he would cap immigration until it returns to sustainable, pre-pandemic trendlines. Carney’s campaign released policy documents Monday that flesh out his economic and housing plans ahead of the first leadership debate in Montreal. Carney is pledging to double the pace of new housing construction over a decade....

Canadian chip and hardware makers brace for tariffs, seek domestic support
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Canadian chip and hardware makers brace for tariffs, seek domestic support

Ramee Mossa was months into fundraising for his power hardware company FTEX when U.S. President Donald Trump started looming over the negotiations. As soon as Trump took office, potential financiers in the U.S. began feeling “uneasy” and started asking questions about what a succession of tariffs would mean for Mossa’s Montreal-based company. “For hardware startups,...

Starbucks lays off 1,100 corporate employees as coffee chain streamlines
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Starbucks lays off 1,100 corporate employees as coffee chain streamlines

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. In a letter to employees released Monday, Niccol said the company will inform employees who are being laid off by mid-day Tuesday. Niccol said Starbucks is also eliminating several hundred open and unfilled positions. “Our intent is...

Canadian Pacific mechanics ratify new contract
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Canadian Pacific mechanics ratify new contract

Canadian Pacific Kansas City Ltd. and Unifor say 1,200 mechanics have ratified a new collective agreement. Coming days before a strike deadline, the four-year deal marks the second contract greenlit by CPKC employees in Canada this month, while binding arbitration for its 3,300 engineers and conductors continues after a work stoppage last summer. Canadian Pacific...

Online marketplace Temu allowing Canadian businesses to sell through platform
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Online marketplace Temu allowing Canadian businesses to sell through platform

Temu says it’s launching a program allowing Canadian businesses to sell goods through the e-commerce platform to customers in the country. Temu says the move marks the first time Canadian businesses will be able to list their products directly on the site. Only businesses registered in Canada with local inventory and fulfilment capabilities will be...

Canadian Pacific mechanics ratify new contract
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Canadian Pacific mechanics ratify new contract

Canadian Pacific Kansas City Ltd. and Unifor say 1,200 mechanics have ratified a new collective agreement. Coming days before a strike deadline, the four-year deal marks the second contract greenlit by CPKC employees in Canada this month, while binding arbitration for its 3,300 engineers and conductors continues after a work stoppage last summer. Canadian Pacific...

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Credits to remember and errors to avoid as tax filing season gets underway

It’s the time of the year again to gather your receipts and hope for a big refund. The official opening of tax-filing season gets underway with electronic filing service Netfile set to open on Monday. When you start preparing your return, do the “messy part” first, according to Brian Quinlan, a partner and chartered professional...

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Liberal leadership candidates divided on question of cuts to public service

OTTAWA — Liberal leadership candidates have contrasting plans for Canada’s federal public service — with presumed front-runner Mark Carney taking the most aggressive stance so far. Carney recently vowed to cap the size of the public service and rein in government spending. While he hasn’t said where this cap would be set or how much...