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The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12 per cent and profits slumped 16 per …
Read More »Home sales up in June, though fewer sales expected this year, says Canadian Real Estate Assoc.
For the second time this year, the Canadian Real Estate Association (CREA) has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago. The association said Canadian home …
Read More »Provinces agree to uncork cross-border personal booze sales by May 2026
Nine provinces and one territory have signed on to an agreement that will allow direct-to-consumer alcohol sales by next spring. Canadians in all provinces — except Newfoundland and Labrador — and Yukon will be able to order alcohol for personal consumption directly from producers that operate elsewhere in the country. …
Read More »Retail sales inched up in April from sales gains at car dealers, but likely dropped in May
Retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers, according to Statistics Canada. For April, six of nine sub-sectors were up, as sales at motor vehicle and parts dealers gained 1.9 per cent, boosted by a 2.9 per …
Read More »Annual home sales down 4.3% in May, but activity up on monthly basis
The Canadian Real Estate Association says home sales in May fell 4.3 per cent compared with a year ago, but activity picked up when compared to the previous month. Home sales rose 3.6 per cent from April, marking the first month-over-month increase at the national level in more than six …
Read More »Ford, Hyundai post higher U.S. sales in May on strong SUV, truck demand
U.S. auto sales for Ford Motor and South Korea’s Hyundai Motor rose in May, the companies reported on Tuesday, as concerns over potential tariff-related price hikes prompted buyers to act fast on their purchases of cars and SUVs. U.S. President Donald Trump’s tariff policies have fuelled uncertainty across the auto industry, driving up …
Read More »Tariff fears are driving a boost in auto sales in Detroit
With a licence plate and set of keys in hand, Jerry Chen gets into the new Toyota Highlander his family decided to purchase before U.S. President Donald Trump’s auto tariffs kicked into gear. Chen and his wife, who have two children, bought the vehicle from a Toyota dealership in Bloomfield Township, …
Read More »Chinese EV giant BYD overtakes Tesla with annual sales topping $100 billion US
Tesla’s Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker. The Chinese electric vehicle maker logged a record 777.1 billion yuan ($107 billion US, or $153 billion Cdn) …
Read More »Ford’s push to expand alcohol sales early to cost province $612M, budget watchdog says
The Ford government’s push to get beer, wine and ready-made cocktails into convenience stores ahead of schedule will cost taxpayers more than $600 million, the province’s budget watchdog says. The finding was included in a new report Monday by the Financial Accountability Office (FAO) that comes just one day before Premier Doug …
Read More »Andrew Furey hits the road as sales work on Churchill Falls deal begins
Premier Andrew Furey on Thursday ripped a copy of the 1969 Churchill Falls contract to illustrate a metaphor. He announced a new 50-year deal with Quebec Premier François Legault. (Mark Quinn/CBC) A beaming Premier Andrew Furey is coming off a political high and turning his attention to selling Newfoundland and …
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