Sheertex to temporarily lay off 40% of staff partly due to tariff threats
Canadian pantyhose-maker Sheertex is temporarily laying off 40 per cent of the company's staff, in part because of tariffs the U.S. has promised to place on Canadian goods, the company's CEO said on Wednesday.
Katherine Homuth says the Montreal-based manufacturer of highly durable tights employed about 350 staff before the cut. The company is facing tremendous financial uncertainty because of delays in closing the final portion of its most recent fundraising, she said.
She also placed blame on impending tariff changes being made by the U.S., where Sheertex does 85 per cent of its sales.
Homuth's business stands to not just be hurt by the U.S.'s impending 25 per cent tariff, but also on the removal of the de minimis exemption, which previously meant all direct-to-consumer orders under $800 were duty free.

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Toronto Sun
22 minutes ago
- Toronto Sun
Supreme Court of Canada to hear appeal in long-running Facebook privacy case
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SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Last September, the Federal Court of Appeal found Facebook, now known as Meta Platforms, did not obtain the meaningful consent required by the Personal Information Protection and Electronic Documents Act between 2013 and 2015. The decision overturned a 2023 Federal Court ruling. The Court of Appeal said Facebook invited millions of apps onto its platform and did not adequately supervise them. It found that the Federal Court's failure to engage with the relevant evidence on this point was an error of law. Privacy commissioner Philippe Dufresne called the Court of Appeal decision an acknowledgment that international firms whose business models rely on users' data must respect Canadian privacy law. 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Cision Canada
36 minutes ago
- Cision Canada
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