U.S. tariff threat taking toll on small businesses
Canadian Federation of Independent Business President Dan Kelly speaks about the impact tariff threats are having on small businesses.
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Global News
9 minutes ago
- Global News
Canadian return trips from the U.S. fell nearly 32% in May: StatCan
The growing trend of Canadians avoiding the United States for travel is still going strong, according to new data from Statistics Canada. It's a pattern that's been consistent for multiple months in a row as the trade war has shifted the mindset of travellers from Canada and around the world. Statistics Canada said on Wednesday that trips by Canadian residents returning from the U.S. in May fell 31.9 per cent compared with May 2024, and that's the fifth straight monthly year-over-year decline, while return trips from overseas increased by 8.9 per cent. The report also shows that Canadians overall are travelling abroad less in 2025 than in previous years, with a 22.5 per cent decrease in trips outside the country's borders in May 2025 compared with the same period a year ago, which marks the fifth consecutive monthly year-over-year decline. Story continues below advertisement When looking month to month, May saw a decrease in trips abroad by just over three per cent from April. Fewer Americans are taking trips to Canada as well, with May marking the fourth straight monthly drop in U.S. resident visitors, falling by 5.6 per cent compared with the same month in 2024. 2:03 European, Canadian cities popular destinations for summer travel: Pearson airport What is leading to these travel changes? Ever since the start of the trade war and U.S. President Donald Trump's tariffs, Canadian views of their southern neighbour have soured. Story continues below advertisement This may be rooted more in a sense of 'betrayal' by the Trump administration and tariffs, as the U.S. has long been Canada's closest ally in both trade, tourism and defence. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The U.S. has noticed the drop in Canadian visitors, too, according to some senators who visited Ottawa on Monday, with one speaking directly to Canadian tourists, saying, 'We miss you.' When some Canadians have the option to travel abroad, they may be looking more than before to places like Europe instead of the U.S., according to Statistics Canada. Canadian resident trips by air from overseas countries increased by 9.3 per cent in May 2025 compared with one year earlier. That compares with a 17.4 per cent drop in trips by Canadian residents by air from the U.S., and a 37.4 per cent drop in trips by automobile from the U.S. This boost in travel demand to places like Europe has been echoed by data from airlines and airports, and comes as more and more Canadians are choosing to travel domestically. Canadians have responded to the trade war tensions with a renewed sense of patriotism that focuses on the local economy, where Canadians are being more particular about where their loonies are being spent. Many are prioritizing supporting locally made and sourced products and services wherever possible. Story continues below advertisement The Canada Strong Pass was developed by the federal government as a way to make it easier for Canadians to access national parks, museums, galleries and Via Rail for free or at a reduced cost. When first announced, Prime Minister Mark Carney, then the Liberal party leader, said the Canada Strong Pass was being launched 'at a time when our economy is under attack from President Trump.' Carney added: 'We are a proud country – and united, we will strengthen our Canadian identity in the face of this crisis.'
CTV News
9 minutes ago
- CTV News
Alberta pays out $143 million to company over coal policy reversal
Grassy Mountain, peak to left, and the Grassy Mountain Coal Project are seen north of Blairmore, Alta., Thursday, June 6, 2024. (THE CANADIAN PRESS/Jeff McIntosh) Alberta is paying out more than $140 million to end one of five lawsuits launched against it over its coal mining policies. A notice published online by Atrum Coal says the company has agreed to end its lawsuit and surrender its land back to the province in exchange for the payment. The company says it received just under $137 million last week and will receive another $6 million after it completes some reclamation work. Atrum was one of two companies suing the province that announced last month that settlements were reached, but the other, Evolve Power, has yet to share details. The companies are among five that are suing Alberta for a collective $16 billion. They argue that Alberta effectively expropriated their land after it suddenly reinstated its long-standing coal policy in 2022 less than two years after it was lifted and companies had been encouraged at that time to buy land for potential mining projects. This report by The Canadian Press was first published July 23, 2025. Jack Farrell, The Canadian Press
CTV News
9 minutes ago
- CTV News
Metrolinx's new CEO could earn a $137,000 annual bonus payment. Here is a closer look at his contract
The new CEO of Metrolinx won't make as much as his predecessor but could still take home more than $800,000 thanks to a lucrative bonus package. Michael Lindsay has been working as the interim CEO of Metrolinx since December 2024 but only took over as the agency's permanent CEO on July 1. According to an Order in Council detailing his three-year contract, Lindsay will earn an annual base salary of $686,566 but will also be eligible for a bonus payment of up to 20 per cent of his salary 'based on his performance evaluation.' If Lindsay maxes out the bonus payment, it would mean he would net an additional $137,313 in compensation in the form of a lump sum payment. He will also receive six weeks of paid vacation each year, per the terms of the contract. Phil Verster, the last Metrolinx CEO, made $883,99 in 2024, though it is not clear how much of Verster's compensation came in the form of a bonus payment. Verster was the fourth most paid public servant in 2024, according to the province's 2024 Sunshine List. Lindsay's salary would put him 23 on that list, excluding Verster. Lindsay was previously the president and CEO of Infrastructure Ontario. When he was named as Metrolinx's permanent CEO on June 25, board chair Dan Wright said that he was 'thrilled' to Lindsay in the permanent position. 'His proven ability to inspire the team and drive progress during the interim period gives the board great confidence in his leadership as we move forward.' Wright said in a Metrolinx press release. Lindsey takes over Metrolinx as work continues on finishing the much-delayed Eglinton crosstown LRT. Premier Doug Ford has previously said that opening the line, which was initially supposed to be finished in 2020, should be Lindsey's top priority and that he is 'fully in charge and going to get it done.' Ford has also indicated that it is possible the line could open as soon as September, though the former interim CEO of the TTC told a City of Toronto committee last week that he viewed that timeline as 'a reach.' 'I think September is a reach,' Greg Percy said. 'But, this fall is plausible, and certainly by year end. There's lots and lots of stuff going on that we need to fix to open safely, and that's what we're focused on.' In a Metrolinx press release in June, Lindsay said that he is looking forward to delivering 'the modern and high-quality transit network our communities need and deserve.'
