U of T Continues to Dominate on the Global Stage

The University of Toronto (U of T) is proving once again why it deserves a seat at the table with the world’s top universities. The recently released QS World University Rankings for 2025 place U of T just behind elite Ivy League schools like Princeton and Columbia—a major achievement for Canada’s premier academic institution.

For Black students and professionals looking for world-class education without leaving Toronto, this ranking reinforces what many already know: U of T is the place to be. With nearly 2,000 universities across 100 countries evaluated on factors like academic reputation, research impact, and subject-specific rankings, U of T continues to shine globally while maintaining strong local relevance.

Breaking Down U of T’s Standout Rankings

The heavy hitters—Harvard, Oxford, and Stanford—maintained their dominance at the top, but U of T made major waves across multiple fields. Here’s where it stood out:

Top Subject Rankings:

• Life Sciences & Medicine – 13th in the world
• Psychology – 13th
• Arts & Humanities – 14th
• Medicine – 14th
• Social Sciences & Management – 14th
• Social Policy & Administration – 18th
• Computer Science & Information Systems – 12th
• Engineering & Technology – 17th
• Accounting & Finance – 17th

While it didn’t crack the top 20 in Business & Management Studies, U of T still placed within the top 50 globally in all 46 subject areas examined—an incredible achievement.

Why U of T’s Success Matters for Black Students

A top-ranked institution in a major North American city is a game-changer for Black students, entrepreneurs, and professionals. Here’s why U of T’s rise matters:

1. Black Excellence in Research & Innovation

U of T’s h-index factor—a key measure of research impact—hit an impressive 88, outshining multiple Ivy League competitors. This means that research done at U of T is shaping industries and influencing policies worldwide.

For Black scholars, this is crucial. The university is home to groundbreaking research on Black history, racial justice, and systemic inequality, often led by Black academics and students.

2. Strong Black Student & Alumni Network

Toronto has one of the largest and most diverse Black populations in North America, and U of T’s Black student body is thriving. Organizations like the Black Students’ Association (BSA), the National Society of Black Engineers (NSBE), and the Black Medical Students’ Association create strong support networks, mentorship programs, and career-building opportunities.

Graduates from U of T—especially in fields like business, tech, and healthcare—go on to lead major corporations, start influential businesses, and change policies that impact Black communities.

3. Strategic Location & Economic Opportunity

Unlike Ivy League schools in small towns, U of T is based in Toronto, a global hub for finance, technology, and culture. This means Black students have direct access to internships, mentorship, and job opportunities in Canada’s largest economy.

Toronto is home to a growing number of Black-owned businesses, community organizations, and professional networks, making it an ideal place for career growth.

4. More Affordable Than Ivy League Schools

Higher education should be accessible, and while tuition at U of T isn’t cheap, it’s far more affordable than Ivy League institutions. For many Black students, this means a world-class degree without crippling student debt.

Final Thoughts: U of T is in the Big Leagues

This latest ranking confirms what many in Toronto’s Black community already knew: U of T is one of the best universities in the world. From groundbreaking research to a powerful Black student and alumni network, U of T offers opportunities that rival, if not surpass, those of Ivy League schools.

So if anyone asks whether U of T is on the same level as Harvard or Columbia, tell them the truth: We’ve already arrived.

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New U.S. Surtax Hits Canadian Shoppers – Here’s What You Need to Know

For many Canadians, cross-border shopping is a way of life. Whether it’s grabbing exclusive sneaker drops, stocking up on affordable groceries, or picking up home essentials at American big-box stores, shopping in the U.S. has always been a solid option. But that just got more expensive.

As of March 4, 2025, the Canadian government has slapped a 25% surtax on specific American goods, adding a fresh layer of costs for travelers and online shoppers.

This isn’t just affecting big businesses. Regular people bringing items back from the U.S., shoppers ordering online, and even small businesses importing products are feeling the heat.

What’s This Surtax and Who Has to Pay It?

The Canada Border Services Agency (CBSA) confirmed that the surtax applies to:

• Goods purchased in the U.S. and brought back by travellers (if you go over your personal exemption limit)
• Online orders from U.S. retailers (packages shipped via mail or courier)
• Commercial shipments (businesses importing American products)

This surtax is part of Canada’s response to trade restrictions imposed by the U.S. and will stay in place until those restrictions are lifted.

How Does the Surtax Affect You?

Here’s how the surtax will impact Canadian shoppers and businesses:

• If you’re shopping in Buffalo, Detroit, or Seattle, expect to pay extra at the border if your purchase exceeds the personal exemption limit.
• If you’re ordering from U.S. retailers like Amazon, Nike, or Best Buy, be ready to pay upon delivery.
• If you’re a small business owner importing goods, you’ll need to adjust pricing or source alternative suppliers.

What Are the Personal Exemption Limits?

The CBSA allows Canadian travellers to bring back goods duty-free if they stay within these limits:

If you exceed these limits, the surtax applies, along with any existing duties and taxes.

Which Products Are Affected?

The surtax applies to specific U.S. goods, including:

• Certain food products (be prepared for pricier grocery hauls)
• Household appliances
• Consumer goods

Finance Canada has released a full list of affected products, so before you splurge on that U.S. shopping trip, check the list to avoid unexpected fees.

How Do You Pay the Surtax?

If your purchase is subject to the surtax, here’s how you’ll need to pay:

• At the border: CBSA officers will assess the fee when you declare your goods.
• Via courier: If ordering online, the fee will be added to your final cost upon delivery.
• Through Canada Post: If a package is held at the post office, you’ll pay before pickup.

Why Is This Happening?

This surtax is part of Canada’s countermeasures against U.S. trade policies.

• Recently, U.S. President Donald Trump imposed 25% tariffs on all Canadian and Mexican goods, plus 10% tariffs on energy.
• On April 2, some tariffs were paused, but Canada is still pushing back with these retaliatory taxes.

How Can You Avoid the Extra Costs?

Here are some tips to keep more money in your pocket:

Shop Canadian – Support local businesses and avoid the surtax altogether.

Stick to your personal exemption – Keep purchases under the limit to dodge extra fees.

Check the surtax list – Make sure the item you’re buying isn’t on the list before you shop.

Consider alternatives – Look for similar products from Europe or other countries that aren’t hit with the surtax.

Final Thoughts

The 25% surtax is a new reality for Canadian shoppers who love buying from the U.S. While it’s meant to push back against unfair trade policies, it also means that everyday Canadians are footing the bill. Before your next cross-border shopping spree or online order from the U.S., check your limits, do the math, and decide if it’s still worth it.

This article is now complete, stay locked in with BlackWallStreet.ca for more news and updates

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The Trade War Strikes Again?

Just when we thought we’d seen it all, the never-ending saga of U.S.-Canada trade relations is back in the headlines. With Donald Trump eyeing a return to the White House in 2025, tariffs are once again a hot topic. If you remember the steel and aluminum tariffs from his last term, you know this could mean big things for businesses, consumers, and even your grocery bill.

So, what does “Tariffs Canada vs USA Trump 2025” really mean for Toronto? Let’s break it down.

The History of U.S.-Canada Tariffs

Before we jump into what’s coming, let’s rewind a bit. Trump’s first presidency brought a wave of tariffs that impacted everything from steel and lumber to dairy products. In 2018, the U.S. imposed hefty tariffs on Canadian steel and aluminum, citing national security concerns (yes, Canada was seen as a threat). Canada hit back with countermeasures, slapping duties on American goods like ketchup, whiskey, and even toilet paper.

These trade tensions cooled down under Biden, but with Trump teasing a comeback, it looks like we might be in for another round.

The history of U.S.-Canada tariffs has had a significant impact on the Canadian economy, influencing industries, trade balances, and consumer prices. Here’s how past tariff disputes have shaped Canada’s economic landscape:

1. Trade Disruptions and Retaliation

Whenever the U.S. has imposed tariffs on Canadian goods, Canada has typically responded with countermeasures. This tit-for-tat approach has affected multiple industries, leading to uncertainty in cross-border trade. For example:

• 2018 Steel and Aluminum Tariffs: Trump’s administration slapped tariffs on Canadian steel (25%) and aluminum (10%), citing national security concerns. Canada hit back with $16.6 billion in retaliatory tariffs on U.S. products, affecting businesses on both sides.
• Softwood Lumber Disputes: The U.S. has long accused Canada of unfairly subsidizing its lumber industry. In multiple disputes, tariffs on Canadian softwood have driven up construction costs in the U.S. while hurting Canadian forestry jobs.

2. Inflation and Higher Consumer Prices

When tariffs increase the cost of imported goods, businesses pass those costs to consumers. In past trade disputes:

• Canadian manufacturers dependent on U.S. steel and aluminum saw production costs rise.
• Tariffs on American agricultural products led to higher grocery prices.
• Higher lumber prices increased housing and construction costs.

3. Job Losses and Economic Uncertainty

Industries that rely heavily on exports to the U.S. have suffered layoffs and production cuts when tariffs disrupt trade. The auto industry, manufacturing sector, and agriculture have all felt the strain during past disputes. For instance:

• During the 2018-2019 tariff war, Canadian steel manufacturers faced reduced orders and plant slowdowns.
• The dairy industry has repeatedly been affected by U.S. demands for market access, threatening Canadian farmers’ livelihoods.

4. Impact on Trade Agreements

Trade disputes have historically led to renegotiations of agreements like:

• NAFTA (1994): The North American Free Trade Agreement increased trade but faced criticism from U.S. leaders.
• USMCA (2020): The updated trade deal under Trump (replacing NAFTA) aimed to address U.S. concerns but forced Canada to make concessions, particularly in dairy and automotive sectors.

5. Strengthened Domestic Industries

On a positive note, past tariffs have encouraged Canada to invest in domestic production and reduce reliance on U.S. imports. For example:

• The steel and aluminum industries received government aid to help them adapt.
• Canadian businesses sought alternative markets, boosting trade with Europe and Asia.

What to Expect in 2025

Trump has been vocal about bringing back aggressive trade policies, promising to hike tariffs on imports to protect U.S. industries. If he follows through, here’s what Toronto should prepare for:

1. Higher Prices on Everyday Goods

A new round of tariffs could drive up the cost of essentials. If Canada responds with counter-tariffs (which is likely), we could see price hikes on American-made products like cars, food, and electronics. Toronto shoppers might need to brace themselves for even steeper grocery bills—bad news when inflation is already hitting hard.

2. Toronto’s Businesses Caught in the Crossfire

Small and medium-sized businesses in the GTA that rely on cross-border trade could face major disruptions. Industries like manufacturing, retail, and even tech could feel the squeeze. If tariffs drive up costs, businesses will have to make tough choices—raise prices, cut jobs, or find new suppliers.

3. Real Estate and Construction Costs Could Soar

Toronto’s booming real estate market might take a hit. Higher tariffs on raw materials like steel and lumber could drive up construction costs, making housing even less affordable. For those dreaming of a home in the city, this could mean more delays and higher prices.

4. Jobs and the Economy on the Line

If tariffs lead to a slowdown in trade, job losses could follow. Industries like auto manufacturing, which depend on seamless U.S.-Canada trade, could be at risk. Toronto, with its diverse workforce, might see ripple effects across multiple sectors.

How Toronto Can Prepare

While we don’t know for sure if Trump will win in 2025, it’s smart to plan ahead. Here’s what Torontonians can do:

• Support Local: If prices on U.S. goods spike, it’s a great time to invest in Canadian-made products.
• Watch the Markets: If you’re an investor, keep an eye on industries likely to be hit by tariffs.
• Stay Informed: The trade war game changes fast, and knowing what’s coming can help you make better financial decisions.

Final Thoughts

Toronto is no stranger to trade battles, but a Trump return could shake things up in ways we haven’t seen before. Whether you’re a business owner, a consumer, or just someone who enjoys reasonably priced groceries, “Tariffs Canada USA Trump 2025” is a phrase you’ll want to keep an eye on.

Stay locked in with Black Wall Street Canada for the latest updates on how these policies could impact you!

The post Understanding Tariffs Canada vs USA Trump 2025: What You Need to Know appeared first on Black Wall Street Canada.

A Powerful Quake Sends Shockwaves Across the Caribbean

A massive 7.6 magnitude earthquake rattled the Caribbean on Saturday evening, causing widespread concern and prompting tsunami advisories in multiple regions. The quake, which struck at 6:23 p.m. local time, was centered 130 miles south-southwest of George Town, Cayman Islands, at a depth of 10 kilometers, according to the U.S. Geological Survey (USGS). While no catastrophic damage has been reported, authorities across the Caribbean took swift action to ensure public safety.

Immediate Aftermath: Tsunami Warnings and Evacuations

As news of the earthquake spread, emergency agencies in various Caribbean nations issued tsunami warnings and advisories, urging coastal residents to seek higher ground. The U.S. National Tsunami Warning Center initially issued an advisory for Puerto Rico and the U.S. Virgin Islands, though it was later canceled.

In Puerto Rico, alarm systems sounded in the northwest region, sending residents into a frenzy as they scrambled inland, leading to heavy traffic in coastal areas. The country’s governor, Jenniffer Gonzalez Colon, reassured the public that emergency agencies were actively monitoring the situation.

Cuba’s government advised people to evacuate beachfront areas, while the Dominican Republic initially issued a tsunami alert, urging residents to move at least two kilometers inland to higher ground. However, this alert was later withdrawn. The Bahamas Department of Meteorology advised residents to stay vigilant, though it did not call for evacuations.

Meanwhile, Honduran authorities confirmed that while there were no immediate reports of damages, they advised people to stay away from beaches as a precaution.

The Science Behind the Shaking

Earthquakes are not uncommon in the Caribbean, as the region sits on multiple tectonic plate boundaries. Saturday’s quake resulted from seismic activity along the boundary between the North American and Caribbean plates, a zone known for generating significant tremors.

According to the National Oceanic and Atmospheric Administration (NOAA), tsunami waves ranging from one to three meters above tide level were possible in some coastal areas of Cuba. However, local topography and underwater features can impact the actual wave heights upon reaching shorelines.

Social Media Reactions and Community Response

As expected, social media platforms lit up with firsthand accounts of the earthquake. Many users shared videos of buildings shaking, while others expressed concern for their friends and family across the affected areas.

“I felt it in Grand Cayman. The whole house was shaking for a solid 30 seconds,” tweeted one user.

Another post from a Puerto Rico resident read: “The tsunami alarm had us running to higher ground. The traffic was insane, but better safe than sorry.”

The Caribbean community, known for its resilience, quickly mobilized to ensure safety. Local businesses offered shelter to evacuees, while community leaders took to social media to spread reliable updates and safety tips.

Could a Bigger Quake Be on the Horizon?

Seismologists caution that aftershocks could follow in the coming days or weeks, some of which might be strong enough to be felt. While it’s impossible to predict earthquakes with certainty, the Caribbean region remains seismically active, making preparedness crucial.

Experts recommend that residents in earthquake-prone areas create emergency kits, have a family evacuation plan, and stay informed through official channels. Even though Saturday’s quake did not result in large-scale devastation, it served as a reminder of the region’s vulnerability to seismic activity.

What’s Next for the Caribbean?

With the immediate tsunami threats now lifted, local governments and disaster response teams continue assessing any structural damage to buildings, bridges, and roads. In the coming weeks, earthquake preparedness initiatives may be reinforced across the affected nations to better equip residents for future seismic events.

For Toronto’s Caribbean community, this earthquake hits close to home. Many have loved ones in the region, and concerns over natural disasters are always present. If you have family in affected areas, now might be a good time to check in and see how they’re doing.

Black Wall Street Canada Final Thoughts

Natural disasters like earthquakes remind us of the power of nature and the importance of staying prepared. While the 7.6 magnitude quake caused anxiety across the Caribbean, quick action by emergency responders helped prevent widespread casualties. As the region recovers, the focus remains on reinforcing safety measures and strengthening infrastructure for the future.

Source: The Associated Press

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