Economy

Economy · 18 d ago

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Hitachi Energy will build a $479-million transformer insulation factory in London, Ontario

5 pages

The 21,000-square-metre plant at Huron Street and Veterans Memorial Parkway will create more than 100 permanent manufacturing and engineering jobs, the company says.

Economy · 18 d ago

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Rising French bond yields could push up borrowing costs in Canada

5 pages

France's 10-year government bond yield is close to 5 per cent, its highest level since 2002 and up from about 3.5 per cent in June, according to TD Bank economist Vikram Rai.

Economy · 19 d ago

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Most of what Americans pay for a China-made toy never leaves the US

5 pages

A Chinese factory gets about 20 per cent of a toy's US retail price: about US$6 on a US$30 toy, to cover materials, wages and its profit.

Economy · 19 d ago

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France and Germany agree on a car deal that slows Europe's shift to all-electric

6 pages

Carmakers would have to cut CO2 emissions by 90 per cent by 2035, without offsetting the remaining 10 per cent as the European Commission first proposed. The deal confirms Europe has given up on all-electric by 2035.

Economy · 19 d ago

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An SK Hynix unit seeks US approval to ship chip equipment to its China plant

5 pages

Solidigm, SK Hynix's flash memory unit, wants to send American chipmaking equipment to its factory in Dalian, China, as a condition for building a plant in the US, according to reports citing anonymous sources. It is considering upstate New York for that plant.

Economy · 19 d ago

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Federal nuclear lab works on a fuel that could cut India's demand for Canadian uranium

5 pages

The fuel, ANEEL, from Chicago-based Clean Core Thorium Energy, uses thorium and a type of uranium Canada does not produce. Canadian Nuclear Laboratories, run day to day by an American-owned consortium, is helping develop it.

Economy · 19 d ago

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Quebec loses 49,000 jobs in September

5 pages

Employment in Quebec has fallen by 130,000 since January, a 2.8 per cent drop, according to Statistics Canada. The new Parti Québécois minority government inherits that labour market.

Economy · 19 d ago

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Australia moves to set a 30% minimum tax on discretionary trusts

5 pages

Treasurer Jim Chalmers introduced the bill in parliament on Wednesday. The minimum tax starts on Jul 1, 2028, and is expected to raise 4.5 billion Australian dollars in 2029-30, its first year.