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Trump's tariffs would devastate auto sector, raise consumer costs: industry leaders

Trump's tariffs would devastate auto sector, raise consumer costs: industry leaders

Auto industry leaders say U.S. president-elect Donald Trump's threat of tariffs on 91Ô­´´ goods would have devastating effects for the sector, forcing both 91Ô­´´ and U.S. consumers to pay higher vehicle prices.
Stock market today: Losses for Big Tech pull US indexes lower

Stock market today: Losses for Big Tech pull US indexes lower

Losses for big technology stocks pulled major indexes lower on Wall Street. The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%.
Lawyers, loyalists and Wall Street executives: a look at who's on Trump's tariff team

Lawyers, loyalists and Wall Street executives: a look at who's on Trump's tariff team

WASHINGTON — As president-elect Donald Trump rattles his closest neighbours with threats of tariffs, he is also firming up the team of loyalists to put his plans into action.
Ontario eyes new electricity generation sites, possibly including nuclear

Ontario eyes new electricity generation sites, possibly including nuclear

TORONTO — Ontario is eyeing three sites across the province for new electricity generation facilities, including the possibility of large-scale nuclear plants, in order to meet soaring power demands.
Federal government will not send Canada Post strike to arbitration, minister says

Federal government will not send Canada Post strike to arbitration, minister says

OTTAWA — The federal government says it is not planning to intervene to resolve the labour dispute at Canada Post, even with less than a month to go before Christmas.
Trump's tariffs in his first term did little to alter the economy, but this time could be different

Trump's tariffs in his first term did little to alter the economy, but this time could be different

WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries.
US consumer price increases accelerated last month with inflation pressures resilient

US consumer price increases accelerated last month with inflation pressures resilient

WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation's steady decline over the past two years has stalled in recent months.
Fake ride-share driver charged in three sexual assaults: Peel police

Fake ride-share driver charged in three sexual assaults: Peel police

Peel police say a 22-year-old man has been arrested after he allegedly posed as a ride-share driver in a series of violent sexual assaults.
US inflation gauge ticks higher with price pressures still stubborn

US inflation gauge ticks higher with price pressures still stubborn

WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation's steady decline over the past two years has stalled. According to the Federal Reserve's preferred inflation gauge, consumer prices rose 2.
Fewer people intend to buy an EV amid price, driving range concerns: EY report

Fewer people intend to buy an EV amid price, driving range concerns: EY report

TORONTO — A new survey finds fewer drivers intend to make their next car purchase an electric vehicle.