India's equity benchmarks rise for 2nd week on tax boost, Fed easing bets - Reuters

Published: October 25, 2026 at 10:10a.m. EDTIs it a coincidence that Trump is changing the tariffs as Americans are about to head to vote in the midterm elections? Graham Richardson reports. Jean-François Dufresne is worried about the future of his industry. The president and CEO of Preverco, a major Canadian hardwood flooring producer, says new U. S. tariffs announced Friday by the Trump administration threaten to devastate the sector, putting thousands of jobs at risk. “Overnight, we’re losing 25 per cent of our business,” Dufresne said. “There is no way that we can pass those tariffs, and there is no way we can absorb them. So essentially, that business is gone overnight.”On Friday, the Trump administration announced a major shift in the tariffs the United States applies on Canadian goods, removing several products off its targeted list and replacing them with new items. Among the products now affected are shampoos, soaps, certain paints, cocoa products, carpets, and wood products that include flooring. Dufresne says placing these tariffs on his industry puts thousands of jobs at risk.

David Eby’s snap election gamble has handed the B. C. Conservative Party a majority government, CTV News was first to declare Saturday night. While some ridings have yet to be called, interim leader Lorne Doerkson’s party secured enough seats to relegate the B. C. NDP back to the Opposition benches after nine years in power. The Conservatives were leading or elected in 62 of the province’s 93 ridings when he made his victory speech to a roaring crowd. “Our best days are still ahead of us, my friends—I promise you that,” Doerkson said. “We are going to super-charge British Columbia.” In a conciliatory address, the premier-designate from Williams Lake vowed to represent rural and urban communities alike, as well as the province’s First Nations. “This future is one that we will build together as partners, with all the certainly all of us need,” Doerkson said. He reiterated the party’s plan to triple B. C.’s liquefied natural gas production by 2035, and to provide a $1,000 tax cut for nearly every worker—all while improving service in the province’s strained public health system. “I want a B. C.

Published: October 25, 2026 at 6:14a.m. EDTTORONTO — Narrow aisles, fewer shelves, and plenty of house-brand items: this Loblaw store feels cosier but still offers enough variety for a grocery run. Loblaw’s Danish chief executive, Per Bank, brought a little bit of Europe with him three years ago when he moved here to run the country’s largest grocery chain. “Small discount stores ... I would probably say that’s some of the things I brought to Canada,” Bank said, sitting in the backroom of a small-scale Toronto No Frills on a brisk October morning. In its smaller 5,000-product stores, Loblaw has done away with the deli counters, live pizza stations and fresh bakeries typical of its conventional banners — and shoppers aren’t complaining. While discount stores aren’t a new phenomenon, Loblaw’s transition into a quick in-and-out shopping experience at its discount banners, No Frills and Maxi, has taken it up a notch. Now, many of its discount banners are downsized into something more like a corner store. When he took the helm, Bank said the company had about 43 small-format stores under 20,000 sq. ft. Today, there are more than 75 across the country with an intentional strategy.