National Business

OTTAWA — Prime Minister Mark Carney met with automotive sector CEOs Wednesday morning to discuss U.S. tariffs and ways to protect Canadian supply chains from the trade war with the United States.

WASHINGTON (AP) — President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy.

MONTREAL — A major aircraft deal sent Bombardier Inc. shares to a seven-year high on Wednesday after the company announced a firm order for its aircraft with an unidentified buyer.

CALGARY — The Calgary Real Estate Board says home sales in the city decreased 16.5 per cent in June compared with last year as higher levels of new listings led to inventory gain.

"A pattern is now set: Trump harrumphs, we comply," the former foreign affairs minister wrote. "What else will we quietly surrender? Cultural industries? Environmental standards, agriculture security, Arctic sovereignty?"

Microsoft is laying off thousands of workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices Wednesday that hit the company's Xbox video game business and other divisions.

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.

WASHINGTON (AP) — President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy.

TORONTO — Rogers Communications Inc. has closed its deal to buy BCE Inc.’s 37.5 per cent stake in Maple Leaf Sports & Entertainment to become the majority owner of the company.

FREDERICTON — Immigration is driving New Brunswick’s fastest population growth since the 1970s. A new economic report says the province's population was 854,355 on July 1, 2024, a rise of 2.7 per cent compared with the previous 12 months.