
Michael Power
Editor at Supply Professional
Articles
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1 week ago |
supplypro.ca | Michael Power
The Supreme Court of Canada has dismissed an appeal request that sought to halt construction of a massive rail-and-truck hub in the Greater Toronto Area, paving the way for the project to proceed. The justices gave no reasons for their decision, as is typical when parties ask permission to appeal to the top court.
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1 week ago |
supplypro.ca | Michael Power
TFI International Inc. says profits fell 40 per cent in its latest quarter amid weaker shipping demand from consumers and businesses. The country’s largest trucking firm is reporting net income of US$56 million in the three months ended March 31 versus $92.8 million in the same period a year earlier. TFI, which keeps its books in US dollars, says first-quarter revenue rose five per cent year-over-year to US$1.96 billion from US$1.87 billion.
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1 week ago |
supplypro.ca | Michael Power
The national unemployment rate ticked up to 6.9 per cent in April as the manufacturing sector started to strain under the weight of tariffs from the United States, Statistics Canada said May 9. The Canadian economy added 7,400 jobs last month, the agency said, slightly outpacing economist expectations for a gain of 2,500 positions. But the unemployment rate also rose two tenths of a percentage point in April, topping economists’ call for a jobless rate of 6.8 per cent.
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1 week ago |
supplypro.ca | Michael Power
Resolving the softwood lumber dispute could create “momentum” for a larger trade agreement between Canada and the United States, British Columbia Premier David Eby says. Eby said that he and several other premiers pressed that point during a virtual meeting with Prime Minister Mark Carney after his visit with US President Donald Trump.
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1 week ago |
supplypro.ca | Michael Power
A new report suggests that if Canada can’t convince President Donald Trump to drop all auto tariffs, it should negotiate a new auto trade agreement with the US and Mexico that would impose permanent import tariffs but grant automakers a break if they meet minimum local production requirements. The strategy outlined in the report, released Thursday by the C.D. Howe Institute, draws inspiration from the 1965 Canada-US Auto Pact.
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