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Telecoms don't expect major hit from tariffs but other pressures persist: report

Telecoms don't expect major hit from tariffs but other pressures persist: report

Canada's telecommunications companies don't expect to be hit hard by the ongoing trade war with the U.S. but face other economic challenges that could limit their ability to attract new customers in the near future.
Trump says countries that buy Venezuelan oil will face 25% tariff

Trump says countries that buy Venezuelan oil will face 25% tariff

WASHINGTON (AP) — President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela as well as imposing new tariffs on the South American country itself.
Canadian and U.S. stocks surge higher in late-morning trading

Canadian and U.S. stocks surge higher in late-morning trading

TORONTO — Stock markets in Canada and the U.S. surged higher in late-morning trading after reports that a new round of U.S. tariffs scheduled to be implemented on April 2 might be narrower than first expected.
23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns

23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns

23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs.
Trump says countries that buy Venezuelan oil will face 25% tariff

Trump says countries that buy Venezuelan oil will face 25% tariff

WASHINGTON (AP) — President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela as well as imposing new tariffs on the South American country itself.
Stock market today: Wall Street gains ground after shaking off four-week losing streak

Stock market today: Wall Street gains ground after shaking off four-week losing streak

Stocks rose in morning trading Monday as Wall Street tries to navigate through uncertainty amid a trade war. The S&P 500 jumped 1.1%. It is coming off its first winning week after a four-week losing streak.
Lightspeed Commerce cuts revenue outlook for 2025 financial year

Lightspeed Commerce cuts revenue outlook for 2025 financial year

MONTREAL — Lightspeed Commerce Inc. is cutting its revenue outlook as it sees worsening economic conditions. The company says it now expects year-over-year revenue growth of about 18 per cent for its 2025 financial year, which ends on March 31.
'TV is becoming niche': Streaming grows in Canada despite rising prices, report says

'TV is becoming niche': Streaming grows in Canada despite rising prices, report says

Canadians are increasingly opting to watch TV through paid streaming platforms such as Netflix or Disney Plus despite the prices of those services continuing to rise.
Hudson's Bay liquidation sales begin at all but six of its stores

Hudson's Bay liquidation sales begin at all but six of its stores

TORONTO — Canada's oldest company will begin liquidating most of its stores this morning. Hudson's Bay says all but six of its locations will be selling off their inventory. The company is aiming to wrap up the liquidation by June 15.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Election The leaders of the four federal political parties are expected to be on the campaign trail this week. Trade and how they will deal with U.S.