Canada's Top News: Trade Tensions, GM Cuts, and Retail Shakeups

General Motors is slashing 700 jobs at its Oshawa, Ontario plant, moving from three shifts to two.

The company blames 'forecasted demand and the evolving trade environment,' as U.S.

tariffs shake up the North American auto industry.

Ontario's premier called the news 'extremely tough for the workers in Oshawa and their families.' The auto workers'

union warns the move will ripple through the supplier network, while U.S.

tariff exemptions for Canadian auto parts remain in place—for now.

Prime Minister Mark Carney is heading to Washington for a high-stakes meeting with President Trump.

Carney admits, 'I am not pretending those discussions will be easy,' as he vows to fight for the

best deal for Canada.

He’s also making it clear that the era of close U.S.-Canada economic integration is over, promising a bold,

united approach to the current crisis.

Some experts warn Carney risks being insulted by Trump, but Carney says, 'Now is the time for ambition,

to be bold, to meet this crisis with the overwhelming, positive force of a united Canada.' Canadian Tire

is reportedly bidding for Hudson’s Bay’s intellectual property, including its famous Stripes brand, as the historic retailer faces

bankruptcy.

Other bidders include investment firms and mall owners, with an auction expected soon.

Retail experts say Canadian Tire could use the Bay’s iconic branding for new in-store product lines, meaning parts

of the Bay may live on even if its stores disappear.

Ontario’s Magna International is raising its sales forecast, expecting strong growth in Asia but a slight dip in

North America.

Meanwhile, Apple and Amazon warn that tariffs could squeeze profits, with Apple planning to shift more production to

India and the U.S.

On a brighter note, Vancouver’s Aritzia saw its profits more than quadruple last quarter, thanks to fewer markdowns

and lower warehousing costs.