BBlogFlow

Categories

Business

9317 articles

Business

Copper price forecasts lifted for 2026 but tariff “collapse” still on the table - Mining.com

Copper pulled back from a three-week high on Wednesday after US inflation data put a Federal Reserve rate hike this month back on the table, and word of a preliminary deal to avert a strike at BHP’s Escondida, the world’s largest copper mine, took some of the supply premium out of the price. Comex copper for December delivery traded at $6.6695 a pound (about $14,704 a tonne) late morning in New York, down 0.8%, after touching $6.7890 earlier in the session. The most-active contract’s record settlement of $6.89 was set on September 9, the day before a report that the White House tariff plan had stalled knocked more than 5% off the price.

Mining.com·
Business

Vaughan business shot at, targeted in suspected arson - CityNews Toronto

York Regional Police (YRP) are asking for the public’s help identifying a suspect believed to be responsible for both an attempted arson and a shooting that targeted the same Vaughan business within days of each other. Investigators say the incidents occurred at a commercial property in the area of Islington Avenue and Kellam Street in April.

CityNews Toronto·
Business

Volvo’s new midsize electric SUV is here, but it may be hard to get your hands on one - Electrek

Volvo is already calling the EX60 a “game changer” as its highest-range, fastest-charging EV to date. After delaying US deliveries, Volvo’s new midsize electric SUV will remain limited, at least for now. Volvo’s new midsize electric SUV is impressive. As the first model built on its new SPA3 platform, the EX60 can drive further and charge faster than any all-electric Volvo so far.

Electrek·
Business

Yorkton exporters say tariff concerns are complicating business decisions - Prince Albert Daily Herald

Andrea Moss, Local Journalism Initiative Reporter, SaskToday Grain Millers Canada north of Yorkton. Andrea Moss Local Journalism Initiative Reporter SaskToday.ca Two major Yorkton agri-food processors say tariffs have not yet directly disrupted their core businesses, but ongoing trade tensions are increasing costs, complicating planning and creating concerns about future growth. Both Grain Millers Canada and TA Foods rely heavily on export markets, particularly the United States, where much of their production is sold. “Our raw ag commodities and our finished food products, so far, knock on wood, are not impacted by the tariffs in either direction,” said Grain Millers Canada president Terry Tyson. The Yorkton oat processor ships about 85 per cent of its finished products into the U. S. market, making the prospect of expanded tariffs a significant concern. “What keeps us up at night is the possibility of escalation,” Tyson said. TA Foods owner Mike Popowich said his company, which processes flax seed grown across the Prairies, has also largely avoided direct tariff impacts because, he said, Canadian flax remains covered under the Canada-United States-Mexico Agreement.

Prince Albert Daily Herald·
Business

Water Works - 🇨🇦 Grocery Business Canada

The water category continues to innovate to fuel shifting consumer needs With hydration and wellness top of mind, consumers are seeking beverages that do more. The evolving water category reflects this shift, as suppliers rethink the everyday staple with new formats, functions and flavours designed to meet changing consumer needs.

🇨🇦 Grocery Business Canada·
Business

Mindful drinking reshapes beer, wine and RTDs - 🇨🇦 Grocery Business Canada

The health and wellness movement has become a major driving force that is reshaping the alcohol beverage industry. NIQ insights show that, in Canada, “the no/low alcohol (NOLO) category is evolving into a yearround growth engine, driven by shifting consumer habits, broader usage occasions, and a fundamental reframing of moderation.”

🇨🇦 Grocery Business Canada·
Business

Fairfax buys controlling stake in India’s IDBI Bank for $5.6-billion - The Globe and Mail

Open this photo in gallery:IDBI Bank headquarters in Mumbai in 2023. Fairfax's purchase of a controlling stake in the bank is the largest foreign investment made in India's financial services sector. Niharika Kulkarni/ReutersFairfax Financial Holdings Ltd. FFH-T is taking on another bank turnaround by acquiring control of India’s IDBI Bank for US$5.6-billion, the largest foreign investment ever made in the South Asian country’s financial services sector. Toronto-based Fairfax is buying a 60.72-per-cent stake in IDBI Bank from the government of India, according to a press release on Wednesday from India’s federal Department of Investment and Public Asset Management.

The Globe and Mail·
Business

Bank of America fined $1.2bn for money-laundering failures - The Guardian

Bank of America (BAC. N), has been fined $1.21bn by US regulators for widespread failures to detect ‌potential money laundering and other illicit activity, a penalty the bank said will hurt third-quarter earnings. The US treasury department said the fine, the third-largest in department history, is due to the bank’s failure to report more than $5bn in suspicious activity to the government, including $1bn that posed national security-related and other priority illicit finance risks. “Financial institutions are on the ​front lines of protecting our economic and national security,” the treasury secretary, Scott Bessent, said in a statement. “When a bank of this size ​fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the ⁠entire US financial system to significant illicit finance risks.”The treasury said the bank “prioritized its revenues” in building compliance programs, and overly relied on inquiries ​from outside parties such as law enforcement and other financial institutions instead of its own internal controls.

The Guardian·
Business

I'm a teen who built a 'can cooler' business — it brings in $808,000/year - CNBC

ShareHow I Made ItMike Satterlee, 19, is the CEO and founder of CruiseCup, a business that sells 3D-printed and stainless steel can coolers that reload from the top or the bottom. CruiseCup sells its products on its website, TikTok shop and Amazon. It brought in $808,000 in 2025 gross revenue, according to documents reviewed by CNBC Make It. Satterlee runs the business out of a warehouse in Clifton Park, New York.07:48Wed, Oct 14 202611:24 AM EDTValentina DuarteMarisa ForziatiChristina LocopoMegan Sauer

CNBC·
Business

China’s trade surplus nears record as pressure mounts from trading partners - BNN Bloomberg

Published: October 14, 2026 at 11:16a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. HONG KONG — China’s exports surged 36.3 per cent in September from a year earlier, its customs agency said Wednesday, putting the country on track to surpass last year’s record trade surplus even as pressure mounts from trading partners, including the European Union, to rebalance trade. The increase beat economists’ expectations and was stronger than the 25 per cent year-on-year growth in August. High-tech goods including semiconductors and automobiles helped fuel its rising shipments overseas. September’s export growth pace was the fastest since February, according to a compilation of official data by FactSet. Imports climbed 31 per cent in September year-on-year, also accelerating from August’s 28.2 per cent rise. Still, China recorded a US$133.5 billion trade surplus last month, widening from US$119.1 billion in August.

BNN Bloomberg·