‘One of the quickest returns to parliament': Aiello on new speaker and PM Carney's agenda
CTV's Rachel Aiello breaks down Francis Scarpaleggia's election as Speaker, PM Carney's first remarks, and what it means ahead of King Charles' address.
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CTV News
25 minutes ago
- CTV News
Experts warn tariffs could have ‘unique' impact on back-to-school shopping. Are you noticing a shift?
Retail analyst Bruce Winder breaks down how tariffs may impact back-to-school shopping this year. Toronto parents could see higher prices this back-to-school season as retail analysts warn that tariffs imposed by U.S. President Donald Trump may push up the cost of electronics, clothing, and shoes. A new study from online shopping rewards program found that 89 per cent of Canadian parents believe school supplies have been climbing in price, with more than three-quarters pointing to inflation as the main culprit. However, some retail analysts say a new wave of U.S. tariffs on goods from Vietnam could push costs even higher for items like clothing and footwear as some brands could raise Canadian prices to match U.S. increases, a practice known as 'harmonizing prices.' 'I think you're going to see a little bit of inflation across the board everywhere,' retail analyst Bruce Winder told CTV News earlier this week. 'Tariffs are certainly having an impact on back-to-school shopping in a way that's a bit unique.' Some prices already on the rise Although the study did not directly cite tariffs, the vast majority of respondents said they've already noticed prices creeping up. About 76 per cent of parents blamed inflation, while 75 per cent of those surveyed shop sales or use deal sites to help lower back-to-school costs. Winder also suggests that some companies may seek to take advantage of customer tariff psychology, explaining that some parents may already expect an increase at checkout. 'They did that during the pandemic, they sort of realized the consumer was in the mindset that prices would increase, and they snuck up prices a little bit,' Winder said. Footwear likely among the first to increase Footwear could be among the first categories where shoppers notice the difference. Last month, Rick Patel, senior research analyst at Raymond James, told BNN Bloomberg that the new tariffs will likely push shoe prices up in the coming months as companies absorb higher shipping and manufacturing costs. 'If you're a footwear lover out there, do not wait to buy shoes,' he said. 'I think the prices are likely to go up in the coming months as these companies try to navigate these higher costs.' Shoe shopping A child shops for shoes at The Shoe Co. in Dartmouth, N.S., on July 8, 2025. (CTV Atlantic) We want to hear from you Are you spending more this year on back-to-school supplies? Have tariffs changed how and when you shop? Are you cutting back, buying used, or reusing last year's gear? CTV News Toronto want to hear from you. Tell us what has changed and what your experience has been like. Share your story by emailing us at torontonews@ with your name, general location, and phone number in case we want to follow up. Your comments may be used in a future story. With files from CTV's National Correspondent Abigail Bimman and BNNBloomberg's Joshua Santos
CTV News
25 minutes ago
- CTV News
Ontario launches $1 billion emergency loan program for businesses most impacted by U.S. tariffs
The Ontario government says it is now launching the 'next pillar' in its plan to protect the province from tariff-related hardships with a new program providing emergency loans to businesses in the hardest-hit sectors. During a news conference at Queen's Park on Wednesday, Ontario Finance Minister Peter Bethlenfalvy said up to $1 billion will be allocated for emergency loan support for businesses in the province's steel, aluminum, and auto sectors as part of the Protect Ontario Financing Program. 'This program is specifically designed to address businesses impacted by Sec. 232 tariffs only after they have exhausted all federal tariffs support programs,' he told reporters on Wednesday. Bethlenfalvy said the program is a 'key part' of the government's plan to keep workers on the job but also to 'build a more resilient and self-reliant economy.' The province previously announced a $9 billion tax-deferral program to soften the blow for businesses impacted by Trump's tariffs. An additional $2 billion was announced at that time as part of a rebate for eligible businesses through the Workplace Safety Insurance Board (WSIB) to keep workers on the job. Bethlenfalvy said the program announced Wednesday will offer relief to businesses facing challenges with things like payroll, lease, and utility payments. He noted that only companies impacted by Sec. 232 tariffs will be eligible and the businesses must have a minimum of 10 employees, along with a minimum of $2 million in annual revenue. Loan amounts will range from $250,000 to $40 million, Bethlenfalvy said. Along with an ongoing 50 per cent tariff on Canadian steel and aluminum, U.S. President Donald Trump increased the tariff rate to 35 per cent on Canadian goods that are not covered by the Canada-U.S.-Mexico Agreement (CUSMA). A 25 per cent tariff on non-CUSMA parts in the auto sector also remains in place. 'Our close economic ties to the U.S. indeed present elevated risks and uncertainty to the province's economic outlook,' Ontario's finance minister said Wednesday. 'I have confidence that Ontario will overcome these challenges.' With files from CTV News Toronto's Phil Tsekouras
CTV News
42 minutes ago
- CTV News
‘No appetite' for municipal tax dollars to support new Sens arena: Sutcliffe
A rendering of what a new Ottawa Senators arena on LeBreton Flats could look like. (Capital Sports Development Inc.) Ottawa Mayor Mark Sutcliffe says he does not believe local taxpayers want city funds to go into a new NHL arena. The Ottawa Senators and the National Capital Commission jointly announced on Monday that they had signed an agreement for the sale and purchase of about 11 acres of land in LeBreton Flats, which the Senators plan to use to build a new hockey arena. Neither the Sens nor the NCC would comment further on the deal, but in previous discussions, Senators President Cyril Leeder said a new arena, if one is built, would take several years to complete. Mark Sutcliffe Ottawa Mayor Mark Sutcliffe says he does not believe there's public appetite for city money to go toward a new arena for the Ottawa Senators. (CTV News Ottawa) In the meantime, Sutcliffe says the City of Ottawa has other priorities for its tax dollars. 'I don't think there's an appetite for public dollars to go into an NHL hockey arena. There are other priorities that we're working on right now to invest in public assets, including recreation facilities, including Lansdowne Park, including roads and sidewalks and bike lanes,' Sutcliffe told CTV News Ottawa on Tuesday. 'There are many, many other priorities that we're focused on right now and I don't think the public wants us to write a cheque to support the construction of an NHL arena.' The City is notably in the process of the Lansdowne 2.0 revitalization, a nearly half-billion-dollar project to rebuild stands at the city-owned TD Place Stadium and tear down and construct an entirely new arena for teams such as the Ottawa 67's and the Ottawa Charge. The City of Ottawa has estimated the price-tag for the new 5,500-seat event centre and a north-side stands at $419 million, but a report from the auditor general warned construction cost estimates could be understated by $73.4 million. The City of Calgary and the City of Edmonton have put municipal dollars toward NHL arenas in their respective markets. Sutcliffe says the news about the land purchase agreement is a 'big step forward' for the Sens and for the city, and he's excited to see more details once the team develops its plans more formally. 'Right now, I think the ball is very much in the Senators' court. They've secured a piece of land in the centre of Ottawa. They want to build an arena. So, I think the next step is up to them in terms of how quickly they want to move and what they want to do next,' he said. 'It's so early in the process. We've not been asked for anything. The Senators have not made any requests to us. We don't even know what the plan is going to look like… it's all very early.' While city tax dollars might not go into building the arena itself, the city will still be involved in the infrastructure surrounding the site, Sutcliffe said. 'With any development in the city, when there's something exciting happening, we're ready to be partners and ready to work with the proponents in order to make sure that it's moved forward as quickly as possible and the city's doing everything it can to support it,' he said. Canadian Tire Centre The Canadian Tire Centre will remain the home of the Ottawa Senators as the club takes the next step in building a new arena at LeBreton Flats. (Dave Charbonneau/CTV News Ottawa) If the Senators do build a new arena, moving the team out of the Canadian Tire Centre would have an economic impact on Kanata, Sutcliffe added. 'The Canadian Tire Centre has been a major economic driver for Kanata and for the entire west end of Ottawa for 30 years now. It's a major employer, it drives a lot of economic activity in the area for restaurants and other businesses, so we need a plan for that site to make sure that the economy in the west end of the city and in Kanata is sustained and preserved,' he said. With files from CTV News Ottawa's Josh Pringle
