Tag: Economy
Cargill layoffs not expected to impact Canadian union jobs: UFCW
A union representative told Global News he has received no notice of layoffs coming to front-line production workers for Cargill in Canada.
Food giant Cargill is slashing 5% of global workforce—around 8K jobs
Cargill has more than 160,000 employees globally and is based out of Minnesota in the United States but makes its Canadian headquarters in Winnipeg.
Trump tariffs could hurt small business owners
President-elect Donald Trump has announced plans to place additional tariffs on goods imported from China, Mexico and Canada, the United States' three biggest trading partners. Some small business owners worry the move could hurt them. Kelly O'Grady repor...
Alberta business leaders describe Trump tariff threat as ‘scary’
Alberta business leaders and politicians say Donald Trump's threat to impose crippling tariff's on all Canadian imports 'makes no sense'.
Shoppers see some relief this year for Thanksgiving groceries
Shoppers buying Thanksgiving groceries are seeing some relief at the register for the first time in years. The price of staples like turkey, pumpkin and green beans are down compared to last year, although cranberries and wine have jumped. Kelly O'Grady r...
Businesses brace for Trump’s proposed tariff hikes
President-elect Donald Trump campaigned on raising tariffs -- especially on products from China -- as a way to boost manufacturing in the U.S. Carter Evans met a California business owner who's worried about the impact the tariffs could have if enacted.
Montreal port operations to resume Saturday after government orders end to lockout
The Port of Montreal authority confirms that the Canada Industrial Relations Board has ordered operations to resume as of 7 a.m. Saturday.
Inflation ticks up for first time since March
The Consumer Price Index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
Concerns about Mexico’s trade policies toward China ‘legitimate’: Freeland
Chrystia Freeland said she shares concerns about Mexico not putting tariffs on Chinese vehicles, which has sparked calls to cut Mexico out of free trade talks with the U.S.
Canada, U.S. should eye own trade deal if no Mexican tariffs on China: Ford
Ontario Premier Doug Ford said Mexico "shouldn't have a seat at the table" in upcoming North American free trade talks if it doesn't match tariffs on Chinese imports.
Federal Reserve cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Both Trump and Harris spending plans are concerning in a “big way,” Mohamed El-Erian says
Mohamed El-Erian, the Allianz chief economic adviser, tells "Face the Nation with Margaret Brennan," that both former President Donald Trump and Vice President Kamala Harris' economic proposals are concerning "in a big way" since they do not include any p...
The average person will spend more than $100 on Halloween this year
This year, the average person will spend more than $100 on Halloween, with some decorating as early as June. Halloween is no longer one day of candy and costumes for kids.
Last Kmart store closes down
Shoppers bid farewell to the final Kmart store in Bridgehampton, New York, while snagging great deals before the store shut its doors for good. Shanelle Kaul has the story.
