Business News Archives - Black Wall Street Canada https://blackwallstreet.ca/tag/business-news/ Collectively We Grow Economically Tue, 11 Mar 2025 14:07:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://blackwallstreet.ca/wp-content/uploads/2023/01/cropped-B-favicon-32x32.png Business News Archives - Black Wall Street Canada https://blackwallstreet.ca/tag/business-news/ 32 32 New 25% Surtax Hits Canadians Shopping in the U.S. and Online https://blackwallstreet.ca/new-25-surtax-hits-canadians-shopping-in-the-u-s-and-online/?utm_source=rss&utm_medium=rss&utm_campaign=new-25-surtax-hits-canadians-shopping-in-the-u-s-and-online https://blackwallstreet.ca/new-25-surtax-hits-canadians-shopping-in-the-u-s-and-online/#respond Tue, 11 Mar 2025 14:07:52 +0000 https://blackwallstreet.ca/?p=45954 New 25% Surtax Hits Canadians Shopping in the U.S. and Online 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 […]

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New 25% Surtax Hits Canadians Shopping in the U.S. and Online

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:

Time Spent Outside CanadaPersonal Exemption (CAD)
Less than 24 hoursNone
24 to 48 hours$200
48+ hours$800

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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Will the Bank of Canada Cut Interest Rates Again in March 2025? https://blackwallstreet.ca/will-the-bank-of-canada-cut-interest-rates-again-in-march-2025/?utm_source=rss&utm_medium=rss&utm_campaign=will-the-bank-of-canada-cut-interest-rates-again-in-march-2025 https://blackwallstreet.ca/will-the-bank-of-canada-cut-interest-rates-again-in-march-2025/#respond Sat, 08 Mar 2025 20:05:48 +0000 https://blackwallstreet.ca/?p=45946 Will the Bank of Canada Cut Interest Rates Again in March? Key Takeaways: With the next Bank of Canada rate announcement just around the corner, Canadians are watching closely to see if another interest rate cut is on the horizon. In January 2025, the BoC lowered its lending rate by 25 basis points, reducing it […]

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Will the Bank of Canada Cut Interest Rates Again in March?

Key Takeaways:

  • The Bank of Canada (BoC) will announce its next lending rate decision on March 12, 2025.
  • The BoC’s lending rate impacts the interest rates banks charge on mortgages, loans, and other financial products.
  • TD Economist Derek Burleton expects the BoC to cut its lending rate by 25 basis points, bringing it down to 2.75%.

With the next Bank of Canada rate announcement just around the corner, Canadians are watching closely to see if another interest rate cut is on the horizon.

In January 2025, the BoC lowered its lending rate by 25 basis points, reducing it from 3.25% to 3%. Now, many are wondering whether the central bank will take further steps to ease borrowing costs.

Will There Be Another Rate Cut?

According to TD Economist Derek Burleton, the BoC is likely to cut its lending rate again in March.

“We are anticipating a follow-up cut in March, and TD Economics predicts the central bank will bring its lending rate down to 2.75%,” Burleton stated.

Initially, market odds of a rate cut dropped as low as 30% following recent inflation data. However, these odds have surged to 90% after the U.S. imposed new tariffs on Canadian exports. While there’s still a possibility of a rate hold, experts believe that another cut is increasingly likely.

Burleton explained that economic risks, particularly U.S. tariffs, are a key concern for the Bank of Canada.

“Even though Canada’s job market and GDP growth have remained strong, the BoC must ensure the economy is prepared for the impact of U.S. tariffs on Canadian exports,” he said.

What a Rate Cut Means for Canadians

The BoC’s lending rate serves as a benchmark for the interest rates that banks charge on financial products, including mortgages, personal loans, and business loans.

  • When the BoC lowers its rate, borrowing money can become cheaper for Canadians.
  • When the BoC raises its rate, loans and mortgages typically become more expensive.

For Canadians with variable-rate mortgages, a rate cut could mean lower interest costs, allowing more of their payments to go toward the mortgage principal. However, for fixed-rate mortgage holders, changes in the BoC’s rate don’t immediately impact their payments, as fixed mortgage rates are usually tied to five-year bond yields.

Navigating Economic Uncertainty

Burleton highlighted that new U.S. tariffs on Canadian exports could significantly impact the economy and job markets.

Additionally, Canada’s retaliatory tariffs on U.S. goods could drive inflation higher.

“If the U.S. keeps a tariff cloud hanging over our economy, it could dampen investment and hiring, leading to weaker economic performance,” Burleton warned.

What’s Next?

Whether or not the BoC announces a rate cut in March, TD Economics predicts more rate cuts are coming in 2025.

“We’re forecasting additional cuts this year, bringing the lending rate down to 2.25% by the end of 2025,” Burleton said.

Stay Informed About Your Money

Want to learn more about how interest rates and economic policies affect your finances? Stay tuned in with BlackWallStreet.ca

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Canada Strikes Back: A Bold Response to Unjustified U.S. Tariffs https://blackwallstreet.ca/canada-strikes-back-a-bold-response-to-unjustified-u-s-tariffs/?utm_source=rss&utm_medium=rss&utm_campaign=canada-strikes-back-a-bold-response-to-unjustified-u-s-tariffs https://blackwallstreet.ca/canada-strikes-back-a-bold-response-to-unjustified-u-s-tariffs/#respond Tue, 04 Mar 2025 21:09:05 +0000 https://blackwallstreet.ca/?p=45861 Canada Strikes Back: A Bold Response to Unjustified U.S. Tariffs In a move that’s shaking up the North American trade scene, Canada has announced a robust tariff package in response to the United States’ recent imposition of unjustified tariffs on Canadian goods. This development has significant implications for both economies and has sparked widespread discussion […]

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Canada Strikes Back: A Bold Response to Unjustified U.S. Tariffs

In a move that’s shaking up the North American trade scene, Canada has announced a robust tariff package in response to the United States’ recent imposition of unjustified tariffs on Canadian goods. This development has significant implications for both economies and has sparked widespread discussion among policymakers, businesses, and consumers alike.

The U.S. Tariff Decision: A Controversial Move

On March 3, 2025, the U.S. administration, led by President Donald Trump, imposed 25% tariffs on Canadian exports and 10% tariffs on Canadian energy products. The stated justification for these measures was to address concerns related to the flow of illegal drugs, particularly fentanyl, and illegal immigration, which the U.S. considers significant threats to national security.

However, Canadian officials have strongly disputed these claims, pointing out that less than 1% of fentanyl intercepted at the U.S. border originates from Canada. In response to these allegations, Canada had proactively implemented a $1.3 billion border plan, which included increased resources, enhanced coordination, and the appointment of a Fentanyl Czar to combat drug trafficking. These efforts led to a 97% drop in fentanyl seizures from Canada between December 2024 and January 2025, reducing the quantity to a near-zero low of 0.03 pounds seized by U.S. Customs and Border Protection.

Canada’s Retaliatory Measures: A Firm Stand

In light of the U.S. tariffs, Canada has taken decisive action to protect its economic interests. Effective March 4, 2025, at 12:01 a.m. EST, Canada imposed 25% tariffs on $30 billion worth of U.S. goods. The targeted products include orange juice, peanut butter, wine, spirits, beer, coffee, appliances, apparel, footwear, motorcycles, cosmetics, and certain pulp and paper products.

Furthermore, Canada has announced plans to expand these countermeasures. If the U.S. maintains its current tariffs, Canada intends to impose additional tariffs on $125 billion worth of U.S. imports after a 21-day comment period, bringing the total value of targeted goods to $155 billion. The potential list for this second phase includes electric vehicles, fruits and vegetables, beef, pork, dairy products, electronics, steel, aluminum, trucks, and buses.

Canada Strikes Back: A Bold Response to Unjustified U.S. Tariffs

Political Reactions: Strong Words from Canadian Leaders

Canadian leaders have not minced words in expressing their disapproval of the U.S. tariffs. Prime Minister Justin Trudeau labeled the decision as “very dumb,” emphasizing that it would harm both economies. He also highlighted that the tariffs violate the Canada-U.S.-Mexico Agreement (CUSMA), which was renegotiated during President Trump’s previous term.

Ontario Premier Doug Ford escalated the rhetoric by threatening to cut off electricity exports to the U.S., stating that Ontario powers 1.5 million American homes and that the U.S. “needs to feel the pain” of its trade policies.

Economic Implications: A Lose-Lose Scenario?

The escalating trade tensions between Canada and the U.S. have raised concerns about the broader economic impact. Experts warn that the tariffs could lead to higher consumer prices, disrupted supply chains, and job losses in both countries. The automotive industry, in particular, is vulnerable, as tariffs could increase production costs and reduce competitiveness.

Furthermore, the tariffs threaten to undermine decades of economic policy predicated on a stable and open U.S.-led market. Canada and Mexico, both heavily invested in free trade agreements like CUSMA, now face the challenge of reassessing their trade strategies in light of these protectionist measures.

The Path Forward: Navigating Uncertainty

As the trade dispute unfolds, both Canada and the U.S. find themselves at a crossroads. The situation calls for careful navigation to prevent further economic harm and to preserve the longstanding partnership between the two nations.

For Canada, the focus remains on defending its economic interests while advocating for a fair and rules-based international trading system. The government’s decision to implement retaliatory tariffs reflects a commitment to stand up for Canadian workers and industries.

On the U.S. side, there is a need to reassess the rationale and potential consequences of the imposed tariffs. Engaging in constructive dialogue with Canada could pave the way for a resolution that benefits both countries and reinforces their economic ties.

Conclusion: A Defining Moment in Canada-U.S. Tariff Relations

The current tariff trade tensions between Canada and the U.S. represent a significant moment in the history of their bilateral relations. The outcome of this dispute will likely have lasting implications for the economic landscape of North America.

As both nations grapple with the challenges posed by these tariffs, the hope is that reason and mutual interest will prevail, leading to a resolution that upholds the principles of free and fair trade.

In the meantime, Canadians remain steadfast in their resolve to protect their economy, jobs, and way of life, sending a clear message that unjustified trade actions will not go unanswered.

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Toronto’s Somali Community Secures Funding for a Cultural Centre https://blackwallstreet.ca/torontos-somali-community-secures-funding-for-a-cultural-centre/?utm_source=rss&utm_medium=rss&utm_campaign=torontos-somali-community-secures-funding-for-a-cultural-centre https://blackwallstreet.ca/torontos-somali-community-secures-funding-for-a-cultural-centre/#respond Mon, 03 Mar 2025 17:00:03 +0000 https://blackwallstreet.ca/?p=45851 Toronto’s Somali Community Secures Funding for Cultural Centre After years of advocacy and overcoming significant hurdles, Toronto’s Somali community has secured funding for a long-awaited cultural and recreational centre. The federal government announced on Saturday a $20 million contribution to help establish the facility at a new location in Rexdale. The Somali Centre for Culture […]

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Toronto’s Somali Community Secures Funding for Cultural Centre

After years of advocacy and overcoming significant hurdles, Toronto’s Somali community has secured funding for a long-awaited cultural and recreational centre. The federal government announced on Saturday a $20 million contribution to help establish the facility at a new location in Rexdale.

The Somali Centre for Culture and Recreation (SCCR) has been at the forefront of efforts to create a dedicated space for the community. The newly proposed site is a sports field in Rexdale, a neighbourhood home to a large Somali population. The announcement represents a historic milestone for a community that has played an integral role in Toronto’s cultural fabric but has long faced marginalization.

“You can’t go anywhere in the northwest part of the city without feeling the presence of Somali culture—in its restaurants, businesses, and people,” said Zakaria Abdulle, chair and president of SCCR. Speaking at a press conference at Humber College, Abdulle emphasized the significance of this moment, particularly for elders and youth who finally feel acknowledged. “They feel seen, they feel heard, and they feel Canadian in a way they haven’t in a very long time.”

Toronto is home to approximately 20,000 people of Somali ancestry, many of whom settled in the city’s west end during the Somali Civil War in the 1980s and 1990s. The new centre will serve as a hub for cultural, social, and recreational activities, with facilities dedicated to fitness, sports, arts, music, dance, and newcomer support services. While the $20 million federal grant provides a significant boost, additional funding is still needed from the provincial and municipal governments, as well as community donations, to fully develop and sustain the centre.

The funding comes from the $1.5-billion Green and Inclusive Community Buildings program. Federal Housing, Infrastructure, and Communities Minister Nate Erskine-Smith lauded the Somali community’s perseverance, calling it a testament to their vision and determination. Notably, the announcement coincided with the first full day of Ramadan, making the occasion even more meaningful.

SCCR’s journey to this point has not been without challenges. Initially, the City of Toronto had planned to build the centre in Buttonwood Park, in the Edenbridge-Humber Valley area. However, local opposition arose, with residents voicing concerns about the loss of green space and inadequate consultation. In response to the pushback, Mayor Olivia Chow acknowledged procedural missteps and referred the proposal for further review.

Premier Doug Ford and local councillor Stephen Holyday sided with residents, with Ford’s office pledging to work with SCCR to find a more suitable location. This led to the selection of the current site at 95 Humberline Drive, situated within Ford’s Etobicoke North riding. The land, owned by the Toronto District School Board (TDSB), was originally slated for a land swap with the city but will now be leased to SCCR for 49 years, pending final approvals.

Liban Hassan, a TDSB trustee and member of the Somali community, highlighted the importance of the centre as a safe and supportive space for youth. “I’ve seen thousands of Somali-Canadian students graduate and achieve remarkable things, but I’ve also seen the challenges they face. This centre will provide them with opportunities to connect with their culture and engage in meaningful activities.”

Toronto’s Somali Community Secures Funding for Cultural Centre

Mayor Chow expressed her enthusiasm for the project and indicated that the city may waive development charges and other fees to facilitate its construction. Although no formal commitments have been made, discussions on potential municipal funding and operational support are ongoing.

Premier Ford was not in attendance at the announcement, but Abdulle acknowledged his administration’s role in advancing the project. As SCCR continues its fundraising efforts, the realization of this cultural and recreational hub brings a renewed sense of hope and belonging to Toronto’s Somali community.

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ByBlacks National Restaurant Week 2025  https://blackwallstreet.ca/byblacks-restaurant-week-2025/?utm_source=rss&utm_medium=rss&utm_campaign=byblacks-restaurant-week-2025 https://blackwallstreet.ca/byblacks-restaurant-week-2025/#respond Sun, 02 Mar 2025 22:01:21 +0000 https://blackwallstreet.ca/?p=45843 ByBlacks National Restaurant Week 2025: A Celebration of Black Culinary Excellence Mark Your Calendars: May 12-18, 2025! Food lovers, get ready! ByBlacks Restaurant Week 2025 is just around the corner, bringing you a week-long celebration of Black-owned restaurants and food businesses across Canada. From May 12 to 18, experience a diverse mix of traditional African […]

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ByBlacks National Restaurant Week 2025: A Celebration of Black Culinary Excellence

Mark Your Calendars: May 12-18, 2025!

Food lovers, get ready! ByBlacks Restaurant Week 2025 is just around the corner, bringing you a week-long celebration of Black-owned restaurants and food businesses across Canada. From May 12 to 18, experience a diverse mix of traditional African and Caribbean flavors, modern fusion creations, and soul-warming comfort foods—all crafted by some of the most talented Black chefs and restaurateurs in the country.

ByBlacks Restaurant Week 2025

What to Expect

🍽 Exclusive Prix Fixe Menus – Enjoy specially curated meals at unbeatable prices.

💰 $10 Specials & Up to 25% Discounts – Support Black-owned businesses while indulging in delicious eats at a discount.

🏆 Award-Winning Excellence – Fresh off receiving the Foodism ICON Award, ByBlacks Restaurant Week is set to be bigger and better than ever.

🎉 Nationwide Participation – Whether you’re in Toronto, Vancouver, Montreal, or beyond, restaurants coast-to-coast are taking part in this flavorful celebration.

Why You Should Participate

Supporting ByBlacks Restaurant Week isn’t just about great food—it’s about being intentional with your dining choices and uplifting the Black culinary community. This event is a platform for Black chefs, bakers, and restaurant owners to gain well-deserved recognition while giving food lovers a chance to discover new favorite spots.

Eat Black Food. Be Intentional.

So, are you ready to indulge in bold flavors, rich culture, and an unforgettable dining experience? Whether you’re a foodie looking to explore or simply want to support Black entrepreneurs, ByBlacks Restaurant Week 2025 is your chance to do both.

📅 Mark your calendar, tell a friend, and get ready to feast!

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Understanding Tariffs Canada vs USA Trump 2025: What You Need to Know https://blackwallstreet.ca/tariffs-canada-vs-usa-trump-2025-what-toronto-needs-to-know/?utm_source=rss&utm_medium=rss&utm_campaign=tariffs-canada-vs-usa-trump-2025-what-toronto-needs-to-know https://blackwallstreet.ca/tariffs-canada-vs-usa-trump-2025-what-toronto-needs-to-know/#comments Fri, 14 Feb 2025 17:41:10 +0000 https://blackwallstreet.ca/?p=45785 Its all over the news, but what does it mean? Understanding Tariffs Canada vs USA Trump 2025: What You Need to Know 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 […]

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Its all over the news, but what does it mean? Understanding Tariffs Canada vs USA Trump 2025: What You Need to Know

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!


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Top Jobs in Demand in Toronto for 2025 https://blackwallstreet.ca/top-jobs-in-demand-in-toronto-for-2025/?utm_source=rss&utm_medium=rss&utm_campaign=top-jobs-in-demand-in-toronto-for-2025 https://blackwallstreet.ca/top-jobs-in-demand-in-toronto-for-2025/#respond Thu, 06 Feb 2025 06:49:13 +0000 https://blackwallstreet.ca/?p=45732 Top Jobs in Demand in Toronto for 2025 Toronto’s job market is thriving in 2025, with high demand across multiple industries. Whether you’re looking to start fresh in a new field or level up your career, there are plenty of opportunities available. According to recruitment firm Randstad Canada, these are some of the most sought-after […]

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Top Jobs in Demand in Toronto for 2025

Toronto’s job market is thriving in 2025, with high demand across multiple industries. Whether you’re looking to start fresh in a new field or level up your career, there are plenty of opportunities available. According to recruitment firm Randstad Canada, these are some of the most sought-after positions in Toronto this year.

1. Administrative Assistant

Administrative assistants are essential to keeping organizations running smoothly. They handle scheduling, correspondence, and office management duties. While a high school diploma is often the minimum requirement, having a bachelor’s degree or relevant certification can provide a competitive edge.

  • Salary Range: $47,000 – $59,000 per year
  • Job Perks: Stability, career growth, and opportunities across multiple industries

2. Bookkeeper

Bookkeepers are highly valued for their ability to manage financial records, track expenses, and ensure compliance with tax regulations. This role offers flexible work arrangements, including full-time, part-time, and freelance options.

  • Salary Range: $56,000 – $62,000 per year
  • Job Perks: Work-life balance, freelance opportunities, and financial industry exposure

3. Office Administrator

Office administrators oversee office operations, manage staff, and maintain databases, ensuring smooth day-to-day functions. This role is excellent for those looking to build leadership experience.

  • Salary Range: $60,000 – $78,000 per year
  • Job Perks: Career advancement opportunities, organizational management experience

4. Truck Driver

Toronto’s supply chain heavily relies on truck drivers to transport goods efficiently. With strong demand in logistics, licensed drivers have numerous career options, from local deliveries to long-haul trucking.

  • Salary Range: $22 – $27 per hour
  • Job Perks: Job security, career progression in specialized trucking

5. Financial Analyst

Financial analysts help businesses make data-driven decisions by analyzing market trends and financial reports. This role is crucial in industries like banking, investment, and corporate finance.

  • Salary Range: $89,000 – $107,000 per year
  • Job Perks: High earning potential, strong career growth, and long-term job security

Secure Your Future in Toronto’s Job Market

If you’re looking to break into one of these fields, now is the time to enhance your skills, network with industry professionals, and apply for relevant positions. Toronto’s booming job market offers countless opportunities, so make the most of 2025 by pursuing one of these in-demand careers.

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Canada to USA Longest Border Crossing Opening 2025 https://blackwallstreet.ca/canada-to-usa-longest-border-crossing-opening-2025/?utm_source=rss&utm_medium=rss&utm_campaign=canada-to-usa-longest-border-crossing-opening-2025 https://blackwallstreet.ca/canada-to-usa-longest-border-crossing-opening-2025/#respond Sat, 25 Jan 2025 05:57:26 +0000 https://blackwallstreet.ca/?p=45717 The Gordie Howe International Bridge: Longest Canada to USA Border Crossing Opening in 2025 North America’s Game-Changer for Border Crossings The Gordie Howe International Bridge is set to open its lanes to travelers in September 2025, and it’s not just another infrastructure project—it’s a monumental achievement. When completed, this $6.4 billion project will become the […]

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The Gordie Howe International Bridge: Longest Canada to USA Border Crossing Opening in 2025

North America’s Game-Changer for Border Crossings

The Gordie Howe International Bridge is set to open its lanes to travelers in September 2025, and it’s not just another infrastructure project—it’s a monumental achievement. When completed, this $6.4 billion project will become the largest crossing on the Canada-U.S. border, connecting Windsor, Ontario, with Detroit, Michigan. For those who rely on seamless trade, travel, and cultural exchange between the two countries, this bridge marks a transformative moment.

Longest Canada to USA Border - Gordie Howe International Bridge

A Mega-Project Years in the Making

Breaking records and setting new standards, the Gordie Howe International Bridge boasts the longest cable-stayed span in North America. Its size is matched only by its significance.

Covering 53 hectares (130 acres) on the Canadian side and a massive 68 hectares (167 acres) on the U.S. side, this crossing is designed to handle the future of trade and travel. The Canadian Port of Entry (POE) will become one of the continent’s largest, with room for expanded technology and advanced border processing facilities. This scale ensures the crossing will meet growing demands for decades to come.

What to Expect from This Crossing

Once operational, the Gordie Howe Bridge will feature:

  • Dedicated Commercial and Non-Commercial Lanes:
    The 24 inspection lanes are built for efficiency, reducing congestion and wait times for trucks, cars, and buses.
  • Pedestrian and Cyclist Access:
    Unlike traditional crossings, this bridge includes a multi-use path, complete with a separate checkpoint for pedestrians and cyclists.
  • Modern Toll Systems:
    With eight tollbooths designed for speed and convenience, drivers can pay via transponder, credit card, or other electronic payment methods.
  • Advanced Border Processing Facilities:
    Cutting-edge inspection technology will focus on creating a seamless customer experience.

Progress and Delays

Construction milestones continue to impress. In 2024, the two halves of the bridge were connected, marking a critical step toward completion. Road surfacing and ramp construction are ongoing, with significant progress visible on both sides of the Detroit River.

Though initially planned for late 2024, delays have pushed the grand opening to September 2025. Despite this, the project remains a symbol of engineering excellence and cross-border cooperation.

A Boost for Trade and Travel

The Gordie Howe Bridge isn’t just about convenience—it’s about economic opportunity. With trade between Canada and the U.S. exceeding $700 billion annually, this new crossing will strengthen supply chains and facilitate faster transportation of goods.

For Canadian exporters, the bridge’s modern features mean shorter delays at the border, helping businesses meet international demands efficiently. For individuals, it means smoother travel for work, leisure, and cultural exchange.

Honoring a Legend

The bridge is named after Gordie Howe, one of hockey’s greatest players, who built his legacy in both Canada and the U.S. His name perfectly symbolizes the shared history and strong bond between the two nations.

Why This Bridge Matters

At its core, the Gordie Howe International Bridge is a project about connection. It connects two cities, two countries, and countless lives through trade, travel, and shared experiences.

For example, picture a Detroit-based business importing auto parts from Ontario. With the new bridge’s modernized facilities, trucks will pass through in record time, ensuring supply chains stay on schedule.

Or consider a cyclist traveling from Windsor to Detroit. For the first time, they’ll have a safe, dedicated path to cross the border—a major win for sustainability and accessibility.

The Future of Border Crossings

The Gordie Howe International Bridge represents the future. Its design, technology, and size are unmatched, setting a new standard for what a border crossing can be. With this crossing, the days of long waits and outdated systems will be a thing of the past.

Stay Informed

As the opening date approaches, keep an eye out for updates and travel tips. Whether you’re a commuter, a business owner, or simply curious about this massive project, there’s plenty to look forward to.

For more insights on major developments impacting Canada’s economy, culture, and infrastructure, visit BlackWallStreet.ca. Stay connected with us for the latest news on projects like the Gordie Howe International Bridge and how they shape our communities.

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Dragons’ Den Auditions 2025: Are You Ready to Pitch? https://blackwallstreet.ca/dragons-den-auditions-2025-are-you-ready-to-pitch/?utm_source=rss&utm_medium=rss&utm_campaign=dragons-den-auditions-2025-are-you-ready-to-pitch https://blackwallstreet.ca/dragons-den-auditions-2025-are-you-ready-to-pitch/#respond Thu, 23 Jan 2025 17:16:20 +0000 https://blackwallstreet.ca/?p=45706 Dragons’ Den Auditions 2025: Are You Ready to Pitch? Attention all entrepreneurs, innovators, and dreamers! The producers of Dragons’ Den Canada are gearing up for their 2025 audition tour, and it’s time to bring your A-game. Whether you’re looking to pitch your business idea or soak up some entrepreneurial wisdom, February 2025 is packed with […]

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Dragons’ Den Auditions 2025: Are You Ready to Pitch?

Attention all entrepreneurs, innovators, and dreamers! The producers of Dragons’ Den Canada are gearing up for their 2025 audition tour, and it’s time to bring your A-game. Whether you’re looking to pitch your business idea or soak up some entrepreneurial wisdom, February 2025 is packed with events you won’t want to miss.

Dragons-Den-Auditions-Toronto-Business-Event-Flyer

Here’s everything you need to know:


February 3: Workshop with Producers of Dragons’ Den

Calling all women entrepreneurs! This exclusive workshop is the perfect chance to learn directly from producers and past pitchers of Dragons’ Den. Whether you plan to audition or simply want to sharpen your pitching skills, this event is a must-attend.

📍 Location: Professionelle House
🕒 Time: 2-5pm
💡 What You’ll Gain:

  • Pro pitching tips straight from the experts.
  • Insightful stories and advice from past pitchers.
  • Networking opportunities with like-minded entrepreneurs.

Register here to secure your spot!


February 6: Shop the Den

This marketplace is a celebration of past Dragons’ Den success stories. Shop products featured on the show, connect with past pitchers, and engage in meaningful conversations with producers.

📍 Location: 205 Wellington St. W, Atrium
🕒 Time: 12 PM – 6 PM

✨ Event Highlights:

  • Fireside chat with Dragons’ Den icon Arlene Dickinson.
  • Networking opportunities galore.
  • A chance to support and shop innovative Canadian brands.

Don’t miss out on this unique opportunity to mingle with industry pros and discover inspiring products.


February 8: Toronto Auditions

Got a business idea that could change the game? This is your moment to shine. Polish your pitch, gather your courage, and head to the Toronto auditions.

📍 Location: CBC Toronto Atrium located at 205 Wellington St W, Toronto
💻 How to Apply: Start your application here and get ready to wow the producers.

🔥 Pro Tips for Auditioning:

  • Keep your pitch clear and concise.
  • Highlight what makes your business unique.
  • Be prepared to answer tough questions.

Why These Events Matter

Dragons’ Den has been a launchpad for countless Canadian entrepreneurs, from small-scale startups to nationally recognized brands. Whether you’re attending to pitch, shop, or learn, February 2025 is your chance to tap into this dynamic ecosystem.

Mark your calendars, prepare your pitches, and get ready to connect with some of the brightest minds in the business world.

Got questions or need advice? Feel free to reach out—we’re here to help. See you in the Den!

Dragons-Den-Auditions-Toronto-Business-Event Flyer

Please share with your network and good luck!!

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What New Laws, Rules & Regulations Should Ontario Citizens Be Prepared for in 2025? https://blackwallstreet.ca/what-new-laws-rules-regulations-should-ontario-citizens-be-prepared-for-in-2025/?utm_source=rss&utm_medium=rss&utm_campaign=what-new-laws-rules-regulations-should-ontario-citizens-be-prepared-for-in-2025 https://blackwallstreet.ca/what-new-laws-rules-regulations-should-ontario-citizens-be-prepared-for-in-2025/#respond Tue, 21 Jan 2025 15:49:35 +0000 https://blackwallstreet.ca/?p=45698 What New Laws, Regulations and Rules Should Ontario Citizens Be Prepared for in 2025? Ontarians are stepping into 2025 with a host of new laws and regulations that could impact their daily lives. From housing and transportation to childcare and waste management, here’s a breakdown of the major changes citizens should be ready for this […]

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What New Laws, Regulations and Rules Should Ontario Citizens Be Prepared for in 2025?

Ontarians are stepping into 2025 with a host of new laws and regulations that could impact their daily lives. From housing and transportation to childcare and waste management, here’s a breakdown of the major changes citizens should be ready for this year.


Rental Renoviction Bylaw: Protecting Tenants

One of the most notable changes is the introduction of the Rental Renoviction Bylaw, designed to combat unfair evictions. But what exactly is renoviction? This term refers to landlords evicting tenants under the guise of renovating the property, only to re-rent it at a much higher rate.

Toronto officials are cracking down on this practice, which has disproportionately impacted low-income and marginalized communities. Starting July 31, 2025, landlords issuing an N-13 notice for renovations must comply with strict requirements, including:

  • Applying for a Rental Renovation License (with a $700 application fee).
  • Providing approved building permits and a report verifying the need for vacant possession.
  • Submitting a tenant accommodation and compensation plan.
  • Offering severance compensation if tenants opt not to return.

This new bylaw aims to bring fairness to Toronto’s tight rental market, providing tenants with much-needed protection.


Zoning Changes for Nightclubs

Another notable regulation is the new zoning bylaw for nightclubs in downtown Toronto. The rules aim to reduce the number of nightclubs in the city center, mandating that entertainment establishments must:

  • Be located in non-residential buildings.
  • Be the only nightclub in the building.
  • Operate only on the first floor or basement.

These restrictions could result in nightclubs moving to other areas of the province—a potential shift in Ontario’s entertainment landscape.


Highway 407 ETR: New Toll Rates

Frequent users of Ontario’s Highway 407 ETR will notice changes to toll rates. Starting this year, a new rate schedule will take effect, with charges based on vehicle classifications:

  • Motorcycles: 0.8x the light vehicle rate.
  • Medium vehicles: 1.5x the light vehicle rate.
  • Light vehicles: Rates ranging from 3 to 14 cents per kilometer, depending on time and zone.

The highway’s current four zones will expand to 12, allowing for more precise toll adjustments. While this may better reflect road usage, drivers should prepare for potentially higher costs.


Rising Waste and Water Fees

Ontarians will face higher waste and water fees in 2025. Starting January 1, rates will increase by 3.75%, impacting households as follows:

Bin Size2025 Annual CostIncrease
Small Bin$306.36+$11.07
Medium Bin$371.91+$13.44
Large Bin$505.12+$18.26
Extra-Large Bin$585.89+$21.18

On average, a single-family household will see an additional $39 annually, bringing the total cost for waste and water services to $1,078.


Other Key Changes in 2025

Here are additional laws and regulations to keep on your radar:

  • New Building Codes:
    • Updated codes take effect January 1, 2025, with a three-month grace period until March 31 for ongoing designs.
  • Affordable Childcare:
    • Parent fees in CWELCC (Canada-wide Early Learning and Child Care) programs will be capped at $22 per day for children under six.
  • Digital Workers’ Protection:
    • Starting July 1, Ontario’s Digital Platform Workers’ Rights Act will ensure workers (e.g., Uber, DoorDash) are paid at least minimum wage per assignment and provided clear pay calculations.
  • Immigration Adjustments:
    • The federal government plans to reduce permanent resident intake from 500,000 in 2024 to 395,000 in 2025, temporarily slowing population growth.
  • GST/HST Food Tax Break:
    • Temporary savings on food bills for families spending $2,000+ monthly will end in February 2025.

What Does This Mean for Ontarians?

With rising costs and tighter regulations, 2025 brings both challenges and opportunities for Ontarians. While some laws, like the Rental Renoviction Bylaw and Digital Workers’ Protection Act, provide safeguards for vulnerable groups, others, such as increased waste fees and highway tolls, may strain household budgets.

It’s a year of adjustment, and staying informed is key. For more updates and community-focused insights, visit BlackWallStreet.ca.

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