Tesla caught in political controversy amid U.S. imposed tariffs on Canadian imports
This week, the Vancouver International Auto Show removed U.S. electric carmaker Tesla from its event following reports of vandalism and protests at Tesla dealerships in B.C. and across Canada. Sean Thompson, the co-owner of Factor E, a Canadian company that repairs electric vehicles and has recently started buying and selling Teslas, says business has been rough.
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Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Apparel brand Oak + Fort to restructure amid tariff woes
VANCOUVER – Canadian apparel brand Oak + Fort says it has obtained creditor protection as it works to restructure the business. The Vancouver-based company says the move is necessary because U.S. tariffs have joined other price pressures and led to a decline in consumer confidence and spending. The tariffs arrived after Oak + Fort pushed to open 26 new Canadian and U.S. stores in the last four years, which the company says resulted in a reduced and ultimately insufficient investment in its e-commerce platforms. Court documents show the company owes more than $25 million to creditors including some landlords who didn't receive May rent payments. Oak + Fort says it will continue to operate stores and an e-commerce business during the restructuring. The retailer has hired Reflect Advisors LLC to assist with the restructuring. Monday Mornings The latest local business news and a lookahead to the coming week. Oak + Fort was founded in 2010 as an online boutique that eventually expanded to 42 stores in Canada and the U.S. selling womenswear, menswear, accessories, jewelry and home goods. This report by The Canadian Press was first published June 7, 2025.
Global News
4 hours ago
- Global News
Trump says Musk could face ‘serious consequences' if he backs Democrats
U.S. President Donald Trump is not backing off his battle with Elon Musk, saying Saturday that he has no desire to repair their relationship and warning that his former ally and campaign benefactor could face 'serious consequences' if he tries to help Democrats in upcoming elections. Trump told NBC's Kristen Welker in a phone interview that he has no plans to make up with Musk. Asked specifically if he thought his relationship with the mega-billionaire CEO of Tesla and SpaceX is over, Trump responded, 'I would assume so, yeah.' 'I'm too busy doing other things,' Trump continued. 'You know, I won an election in a landslide. 'I gave him a lot of breaks, long before this happened, I gave him breaks in my first administration, and saved his life in my first administration, I have no intention of speaking to him.' Story continues below advertisement 6:08 The business impact of Musk's tryst with Trump The president also issued a warning amid chatter that Musk could back Democratic lawmakers and candidates in the 2026 mid-term elections. 'If he does, he'll have to pay the consequences for that,' Trump told NBC, though he declined to share what those consequences would be. Musk's businesses have many lucrative federal contracts. The president's latest comments suggest Musk is moving from close ally to a potential new target for Trump, who has aggressively wielded the powers of his office to crack down on critics and punish perceived enemies. As a major government contractor, Musk's businesses could be particularly vulnerable to retribution. Trump has already threatened to cut Musk's contracts, calling it an easy way to save money. 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 dramatic rupture between the president and the world's richest man began this week with Musk's public criticism of Trump's 'big beautiful bill' pending on Capitol Hill. Musk has warned that the bill will increase the federal deficit and called it a 'disgusting abomination.' Story continues below advertisement Trump criticized Musk in the Oval Office, and before long, he and Musk began trading bitterly personal attacks on social media, sending the White House and GOP congressional leaders scrambling to assess the fallout. 1:31 Trump looking sell his bright-red Tesla as feud with Elon Musk continues: report As the back-and-forth intensified, Musk suggested Trump should be impeached and claimed without evidence that the government was concealing information about the president's association with infamous pedophile Jeffrey Epstein. Musk appeared by Saturday morning to have deleted his posts about Epstein. Vice-President JD Vance in an interview tried to downplay the feud. He said Musk was making a 'huge mistake' going after Trump, but called him an 'emotional guy' getting frustrated. 'I hope that eventually Elon comes back into the fold. Maybe that's not possible now because he's gone so nuclear,' Vance said. Vance called Musk an 'incredible entrepreneur,' and said that Musk's Department of Government Efficiency, which sought to cut government spending and laid off or pushed out thousands of workers, was 'really good.' Story continues below advertisement Vance made the comments in an interview with 'manosphere' comedian Theo Von, who last month joked about snorting drugs off a mixed-race baby and the sexuality of men in the U.S. Navy when he opened for Trump at a military base in Qatar. The Vance interview was taped Thursday as Musk's posts were unfurling on X, the social media network the billionaire owns. During the interview, Von showed the vice president Musk's claim that Trump's administration hasn't released all the records related to Epstein because Trump is mentioned in them. Vance responded to that, saying, 'Absolutely not. Donald Trump didn't do anything wrong with Jeffrey Epstein.' 'This stuff is just not helpful,' Vance said in response to another post shared by Musk calling for Trump to be impeached and replaced with Vance. 'It's totally insane. The president is doing a good job.' Vance also defended the bill that has drawn Musk's ire, and said its central goal was not to cut spending but to extend the 2017 tax cuts approved in Trump's first term. The bill would slash spending and taxes but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion over the decade, according to the non-partisan Congressional Budget Office. Story continues below advertisement 'It's a good bill,' Vance said. 'It's not a perfect bill.' The interview was taped in Nashville at a restaurant owned by musician Kid Rock, a Trump ally.
Toronto Sun
5 hours ago
- Toronto Sun
EDITORIAL: Jobless numbers spell trouble
The need to grow the Canadian economy in the face of tough economic times was underscored by the release of the latest unemployment numbers by Statistics Canada on Friday. Photo by File Photo The need to grow the Canadian economy in the face of tough economic times was underscored by the release of the latest unemployment numbers by Statistics Canada on Friday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY 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. 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 The unemployment rate in May rose to 7.0%. That's the highest it has been since September 2016, excluding the 2020 and 2021 pandemic years, and a 12.9% increase from 6.2% a year ago in May. The Canadian economy generated a net increase of just 8,800 jobs in May, far short of the roughly 30,000 per month needed to keep pace with population growth. A total of 1.6 million Canadians were unemployed in May, an increase of 191,000, or 13.8%, compared to May 2024. A smaller share of people who were unemployed in April found jobs in May (22.6%), compared to a year ago (24.0%), and spent an average of 21.8 weeks searching for work, compared to 18.4 weeks in May 2024. Unemployment in Ontario (7.9%); Alberta (7.4%); Newfoundland and Labrador (9.7%); Prince Edward Island (8.2%); and Nunavut (9.0%) were all above the national average, as was the case in a number of cities, including Windsor (10.8%); Oshawa (9.1%); Toronto (8.8%); Calgary (7.8%); and Edmonton (7.3%). This advertisement has not loaded yet, but your article continues below. Canada recorded its largest merchandise trade deficit of $7.1 billion in April, the first full month of the tariff war with U.S. President Donald Trump, compared to $2.3 billion in March. The Organization for Economic Co-operation and Development last week projected meagre 1% economic growth for Canada this year and 1.1% in 2026, noting Trump's global tariff war is expected to hit the economies of Canada, Mexico, China and the U.S. hardest. Prime Minister Mark Carney proposed measures to bolster the economy on Friday, including eliminating federal barriers to interprovincial trade, increasing labour mobility and shortening the process for approving major infrastructure projects. Those are worthy long-term goals, since internal impediments to trade cost our economy $200 billion annually, raise consumer prices up to 14.5% and reduce economic growth as measured by gross domestic product up to 8% annually. But they are also long-term solutions, underscoring the importance of Carney's government producing a budget as soon as possible to reveal the Liberals' specific plans to boost the economy. For better or worse, Carney decided to delay releasing the budget until fall. Olympics Columnists World Editorial Cartoons NHL
