It is Monday, May 25. Here are the top stories we are following today.
How Tariffs and Slumping EV Sales Are Crippling Canada's Auto Industry
Assembly plants in Ontario once produced hundreds of thousands of vehicles annually, employed thousands directly, and supported tens of thousands of additional jobs outside the plants. However, a third of auto production in Canada has disappeared since the pandemic. Mounting challenges and increasing competition raise the question: can the industry survive?
Warning Signs in Markets That Should Not Be Ignored
Bond markets are beginning to echo patterns seen during the Global Financial Crisis, prompting investors to protect themselves, according to Martin Pelletier. These emerging warning signs demand attention.
Tim Hortons Commits to 10,000 Local Hires, Reducing Temporary Foreign Workforce
Tim Hortons announced a new hiring campaign to recruit 10,000 local workers across its Canadian restaurants, reducing reliance on the Temporary Foreign Worker Program. This follows its plan to open 80 new restaurants within the year. The use of temporary foreign workers by Tim Hortons owners has already declined steadily since 2024.
Why the Bank of Canada Won't Rush to Cut Rates, Even If Warsh Does
Kevin Warsh was sworn in as chair of the U.S. Federal Reserve on Friday. Economists are questioning how dovish he will be on interest rates, and what that means for Canada. The Bank of Canada is expected to hold off on rate cuts regardless.
Affordability Driving Buyers Towards the Cottage Market
The recreational property market is increasingly becoming an entry point for first-time home buyers, according to Don Kottick, president of REMAX Canada. Affordability concerns are pushing buyers to cottage country.
