Canadian companies should create strategies for possible CUSMA outcomes now: report

TORONTO - As Canadian companies prepare for the coming review of the Canada-U.S.-Mexico Agreement on trade, a new report from Boston Consulting Group says the talks could change the rules for a range of industries, including automobiles and digital services.

The report says that despite moves by the U.S. to impose higher duties on some Canadian and Mexican products, North American trade has remained relatively strong, with about 60 per cent of goods imported from those countries into the U.S. remaining duty-free. The formal review of the trade agreement, known as CUSMA, is set to begin in July.

"The U.S. is for almost every Canadian company, the largest export market if they export, and even if they don't export, the U.S. is such a huge source of imports to Canada, including for further value added, that the trade relationship between the two countries is critical for Canadian companies," said Michael McAdoo, a Montreal-based partner at BCG who specializes in international trade.

Companies can prepare for the outcome of the negotiations, the report says, by taking steps like establishing a tariff command centre to monitor the situation, along with working through potential scenarios that could impact their business.

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

NEW YORK (AP) — As the war in Iran ratchets up, the price of crude oil has been swinging sharply. Consumers are already feeling the effects of the war and its destabilizing effect on worldwide energy production.

Gasoline prices are climbing, and many people will find some of the most immediate economic pain at the pump.

But you don't have to drive a car to be affected. Nearly all goods — including food — that are bought and sold must travel from where they’re produced. Those costs will climb with higher gasoline, diesel and jet fuel prices.

And the spike in oil prices — surpassing $110 a barrel, then retreating — will likely be a big factor for U.S. inflation. As the war continues, some experts say the price of, well, everything could be affected.

Farmers again caught in geopolitical crossfire

A week ago, things were looking up for Prairie farmers.

Canola prices were rising on news China would follow through on its promise to reduce its 75.9 per cent anti-dumping tariff on canola seed after Canada eased steep tariffs on imported EVs.

Those canola tariffs have now dropped to 5.9 per cent, plus the nine per cent standard import tariff already in place. While not zero, tariffs of just under 15 per cent make it possible to restore trade flows and maintain China as Canada’s second-largest canola customer.

As well, Canada’s prime minister was in India on another diplomatic defrosting mission with positive implications for agricultural exports. Any time the world’s largest exporter of pulse crops such as peas, lentils and chickpeas can make inroads into the world’s biggest market for those commodities, the sun shines a little brighter.

International Women’s Day spotlight on invisible work

As I watch my daughter celebrate another birthday, I find myself thinking about work in a different way.

Not the headlines about promotions, pay gaps or glass ceilings (although those still matter), but about the quiet work that keeps organizations running. The work that rarely shows up on a resumé, that does not earn awards or headlines, but without which everything else starts to crumble.

In HR, I see it all the time. There are women in every organization who keep the gears turning, often without recognition. They remember everyone’s birthdays and make sure the new hire feels welcomed. They notice when tensions are brewing between colleagues and take small steps to prevent confrontation. They keep institutional memory alive, quietly teaching the new generation how things work, sharing lessons learned. They fix problems before anyone even notices there was an issue.

This is invisible labour, and it is work. Emotional labour, relational labour, the work that goes into making a workplace humane, functional, and often even enjoyable. It does not show up in org charts. It is rarely celebrated at awards banquets. And yet, it is the glue that keeps workplaces together.

Carney to cap Indo-Pacific trip with Tokyo visit focused on trade, security

OTTAWA - Prime Minister Mark Carney is headed to Japan for a brief visit to one of Canada's closest partner countries as he wraps up a trip across the Indo-Pacific.

"The trip is long overdue, given how significant Japan is as a partner for us in the region," Asia Pacific Foundation vice-president Vina Nadjibulla said in a recent interview.

Japan is the last of the G7 countries Carney has visited since he took office almost a year ago.

Carney is set to arrive Friday in Tokyo, where he will meet with Prime Minister Sanae Takaichi and make statements to media.

Survey results crystal-clear: transit system overhaul a disaster

When more than eight in 10 of your core customers say you’ve made things worse, that’s not a minor hiccup. That’s a collapse in confidence.

And it’s exactly where Winnipeg Transit finds itself after its sweeping network overhaul launched last year.

The redesign was billed as a bold modernization — a smarter, more efficient system built around frequent primary routes and timed connections.

Instead, it has produced a level of dissatisfaction among downtown riders that is as striking as it is alarming.

Airport land development expected to draw massive investment, create jobs in aerospace, aviation

Government and industry leaders are banking on a $32-million airport land development to cement Winnipeg as a national leader in economic growth and trade.

In a joint announcement Friday, the federal and provincial governments, alongside the Winnipeg Airports Authority and the City of Winnipeg, outlined a plan to develop 127 acres of land west of the airport into direct-access runways.

“You can think of this as beachfront property. This is very valuable for businesses in key sectors such as aerospace, aviation, trade enabling and logistics that need that direct proximity to air side operations,” said Nick Hays, the WAA’s president and CEO.

“It is very unusual to have an airport… with that scale of land right next to the runway that has not been developed. Today’s announcement is about putting in the investment that services that land to unlock that opportunity.”

When the internet extortionist comes calling

Everyone has, no doubt, heard of the prevalence of internet scams — the police warn you about them, your bank warns you regularly, and the list goes on.

First Nations hopeful as Hydro’s first Indigenous chair eyes reversing years of enmity

Manitoba Hydro’s first Indigenous board chair says he has reconciliation on his mind as First Nations-driven lawsuits pile up against the Crown corporation and two of its major project licences are set to expire.

“I think there’s a lot of opportunity on the reconciliation side in Manitoba,” said Jamie Wilson, 58, a former treaty commissioner. “The more you understand the history, the more you understand the opportunity.”

Wilson, a member of Opaskwayak Cree Nation, grew up on a farm in The Pas. He remembered neighbours worked at Hydro but didn’t think much about the public utility — just enough to know it kept the house warm in the winter.

Opaskwayak recently took Ottawa to court over a Grand Rapids hydro dam and its impact on band members, CBC reported.

Brandon-based Cando Rail & Terminals purchases Utah-based Savage Rail, absorbs 700+ U.S. employees

In a move the company’s chief executive describes as “transformative,” Cando Rail & Terminals Ltd. has acquired a leading rail provider in the United States.

The Brandon-based company, which owns and operates first- and last-mile rail infrastructure, announced on Monday its acquisition of Utah firm Savage Rail.

Savage Rail is part of Savage Enterprises LLC, a family of companies headquartered in Salt Lake City.

Terms of the deal, which is expected to close April 30, were not disclosed.

Eby says it looks like OpenAI could have prevented ‘horrific’ Tumbler Ridge killings

VICTORIA - British Columbia Premier David Eby said it "looks like" OpenAI had the opportunity to prevent the recent mass shootings in Tumbler Ridge, B.C., in which nine people died, as pressure piled on the artificial intelligence firm over its handling of interactions with 18-year-old shooter Jesse Van Rootselaar.

The firm has been summoned to Ottawa on Tuesday to explain why it didn't go immediately to police after its internal safeguards flagged worrisome interactions between the shooter and its ChatGPT chatbot at least seven months ago.

Eby — who is also calling for national standards for AI companies on reporting potential threats — said Monday there would be a public accounting by the company to explain why it only reported its concerns to police after the Feb. 10 killings by Van Rootselaar, who shot dead her mother, half-brother, five school pupils and a teacher's aide, then herself.

"From the outside, it looks like OpenAI had the opportunity to prevent this tragedy, to prevent this horrific loss of life, to prevent there from being dead children in British Columbia," he said. "I'm angry about that."

Untapped workforce

When we think about hiring people with disabilities, the images that often come to mind are limited and old-fashioned. Some people still assume disability means only certain basic roles or supports.

That narrow view misses a more important truth: people with disabilities and neurodivergent professionals bring distinct strengths and capabilities that can enrich workplaces and contribute to innovation, performance and long-term success.

People with disabilities remain significantly underrepresented in the workforce.

According to Statistics Canada, the employment rate for Canadians with a disability was about 46 per cent in 2024, compared with 66 per cent for those without a disability — a gap that has stubbornly persisted over time. That means a large share of Canadians who could work do not have paid employment opportunities at the same rate as others.

Actor connects multiple storylines in RMTC’s telecommunications drama Rogers v. Rogers

Inviting audiences into the inner sanctum of a dysfunctional dynasty, playwright Michael Healey’s Rogers v. Rogers does for the Canadian telecommunications industry what Adam McKay’s The Big Short did for subprime loans: surveying a national economic ecosystem that feels destined to take advantage of consumer’s best interests while lining the coffers of a controlling billionaire class.

Data centres and infrastructure: an expensive pairing

Governments around the world — India being the latest — have been falling over themselves trying to lure power-hungry, water-thirsty data centre operations to build in their backyards.

7-Eleven Canada looks to franchising, restaurant model and egg sandwiches for growth

TORONTO - There’s a sandwich foodies have flown thousands of kilometres to Japan to try and have strategized how to get through customs to share with friends back home. Though it sells for just a few bucks and comes wrapped in plastic, it even got the stamp of approval from late food journalist Anthony Bourdain who labelled it “pillows of love.”

That sandwich — a tamago sando, or Japanese-style egg salad sandwich — comes from 7-Eleven, one of the world’s biggest convenience store chains.

The treat, which nestles a generous heap of cooked eggs and Kewpie mayonnaise between fluffy pieces of crustless milk bread, is about to make its way to Canada on March 4.

But for 7-Eleven, it's much more than a sandwich. It's a small part of a broader, five-year push to deepen the chain's presence in Canada and help it grow in an environment where everyone is now their competitor.

Milei’s overhaul of Argentina labor law advances in Congress as unions strike in protest

BUENOS AIRES, Argentina (AP) — A general strike protesting Argentine President Javier Milei’s flagship overhaul of the country's labor law disrupted public transport, hospitals, ports and schools across Argentina on Thursday and intensified a standoff between the libertarian leader and long-powerful workers’ unions.

The lower house of Congress approved the bill, which grants employers greater flexibility in matters of hiring, firing, severance and collective bargaining, in a 135-115 vote early Friday.

The legislation won initial support from the Senate last week but must be sent back to senators for a final vote before becoming law. That's because the government was forced to scrap a clause that halves salaries for workers on leave due to injury or illness unrelated to work after an outcry from opposition lawmakers.

As lawmakers debated the reform, bus lines and subways ground to a halt. Factories paused production, banks closed, airlines canceled hundreds of flights and public hospitals postponed all but emergency surgeries. Uncollected garbage lined streets and shopping areas. A march to Congress by radical left-wing unions briefly turned violent as police fired water canons at protesters throwing stones and bottles.

McDonald’s Canada launches late-night meal collab with Drake brand OVO

TORONTO - McDonald's Canada has cooked up a collaboration with rapper Drake's brand.

The fast-food giant has launched a new late-night munchies meal with OVO.

The star of the meal is the Nite Sprite, which mixes Sprite with blue raspberry syrup and comes in a black paper cup with the OVO owl on it.

It is being sold alone or as part of the Afters meal, which also includes a Junior Chicken or a McDouble paired with a poutine.

Food inflation expected to jump in January amid tax changes: economists

OTTAWA - Economists expect tax changes from a year ago will result in a year-over-year surge in food prices when Statistics Canada reports January inflation figures later this week.

StatCan will publish its January consumer price index report on Tuesday, a day later than originally scheduled.

The agency recently adopted a Monday publishing schedule for the consumer price index but shifted the January release to account for a regional holiday in eight provinces.

A Reuters poll of economists expects the annual rate of inflation held steady at 2.4 per cent in January, according to LSEG Data & Analytics.

Manitoba to study food prices

The Manitoba government has followed through on its promise to conduct a study on groceries in a bid to lower food costs.

Project leads will investigate whether differential pricing — in which shoppers are charged different prices by the same retailer based on customer segment, location, time or demand — is occurring in Manitoba.

Antitrust and anti-competition policies, supply chain vulnerabilities and geographic food deserts will also be probed, the government said Wednesday.

“We know Manitobans are struggling with the price of food, and we know that the prices of food continue to grow in ways that are very concerning,” Finance Minister Adrien Sala told reporters.

Kraft Heinz pauses plans to split into 2 companies, says its problems are ‘fixable’

Kraft Heinz said Wednesday it's pausing its plans to split into two companies.

Steve Cahillane, a former Kellogg Co. chief who became CEO of Kraft Heinz on Jan. 1, said he wants to ensure that all of the company's resources are focused on profitable growth.

“I have seen that the opportunity is larger than expected and that many of our challenges are fixable and within our control,” Cahillane said in a statement.

The company's shares were flat in morning trading Wednesday as Kraft Heinz reported lower quarterly and annual results. Investors are likely concerned that Kraft Heinz believes its businesses aren't strong enough to stand on their own, said Robert Moskow, an analyst with TD Cowen, in a research note.

Winnipeg-based tech firm Taiv closes US$13M growth round

Taiv Inc. may rely on AI, but there’s nothing artificial about the Winnipeg company’s progression. The tech company has closed a US$13 million growth round fewer than nine months after raising US$10.5 million in series A financing.