Latest News

Latest News

This page presents developments that relate to issues examined by CARS.

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Brexit: All you need to know about the UK leaving the EU

Here is an easy-to-understand guide to Brexit - beginning with the basics, then a look at the current negotiations, followed by a selection of answers to questions we've been...

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Brexit: Theresa May urges Tory MPs to unite and back deal

Theresa May has written to all 317 Tory MPs, urging them to unite behind a Brexit deal while warning them "history will judge us all" over the process. To read full article...

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Rail expansion through Port of Vancouver aimed at hiking imports from Asia

CN says the project is part of a long-term strategy to double-track a four-kilometre section of rail that links expanding import and export terminals on the south shore of...

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Warren Buffett gives Canada’s oilpatch a boost with fresh stake in Suncor

TORONTO/WINNIPEG — Warren Buffett’s Berkshire Hathaway Inc said on Thursday it had taken a fresh stake in Suncor Energy Inc for the second time in about six years,...

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Canada won't ratify new NAFTA until steel and aluminum tariffs lifted, warns key U.S. Senator

Canada and Mexico won’t consider ratifying the revised North American Free Trade Agreement unless the United States lifts its tariffs on steel and aluminum imports, U.S....

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Pressure on Trump to cut tariffs on Canadian aluminum producers

The removal of U.S. sanctions on Russia’s United Company Rusal is accelerating a decline in prices for Canadian aluminum producers already grappling with a 10 per cent...

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New rules for train brakes after fatal derailment

FIELD, B.C. – In the wake of a recent train derailment that claimed the lives of three CP Rail workers, Transport Canada ordered a new precautionary safety measure for...

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Hamilton wants confirmation that it won't pay anything for LRT

Hamilton wants the province to clarify that $1 billion for light rail transit (LRT) is coming, and that the city won't be on the hook if the project goes over budget... To...

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Canada quietly moves to resolve steel spat with Mexico

Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports... To read full article click

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USD/CAD – Canadian dollar quiet ahead of manufacturing, retail sales

USD/CAD is showing little movement in the Thursday session. Currently, the pair is trading at 1.3268, up 0.09% on the day. On the release front, Canada releases manufacturing...

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Alberta oil cuts may backfire as rail shipments collapse

Alberta’s effort to alleviate a crude glut through mandatory production curtailments may be backfiring, as Canadian heavy crude has become too expensive to ship by...

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Ontario Government Posts Details About Its Proposed Carbon Tax

TORONTO — Ontario is considering having large industrial companies pay for pollution if they exceed emissions standards that will be established in the province — a...