
Sheertex could face 'tens of millions of dollars' in tariffs, CEO says DESC:
Canadian pantyhose-maker Sheertex is temporarily laying off 40 per cent of their staff in part because of tariffs the U.S. has promised to place on Canadian goods, the company's CEO Katherine Homuth said Wednesday. Homuth opens up about how the U.S. tariff threats are impacting her business.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
an hour ago
- Cision Canada
Fraser Institute News Release: AI can help mitigate shrinking labour force by increasing productivity of existing workers and adding new ones
VANCOUVER, BC, June 10, 2025 /CNW/ - As Canada's labour force shrinks due to aging and slowing rates of immigration, artificial intelligence (AI) can help by increasing the number of available workers and improving worker productivity, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. "While there's a common perception that AI will eventually lead to mass unemployment, it actually opens the door to the labour market for people who may have been on the outside looking in," said Morley Gunderson, professor emeritus of economics at the University of Toronto and author of Can AI Mitigate Our Labour Force Problems? For example, AI can facilitate more effective job-matching between employers and job seekers including retirees who want to return to work, students who want part-time jobs, and new immigrants. AI can also improve employment prospects for people with disabilities by equipping employees with assistive technologies (screen readers, speech recognition software, etc.) and helping make driverless vehicles, "smart" wheelchairs and other AI-powered resources more widely available. At the same time, AI can help increase productivity growth, which has stagnated in Canada. For example, AI can help connect small and dispersed geographical markets with larger commercial centres, facilitate trade (within Canada and internationally), help small firms grow, and increase the ability of scientists and engineers to develop innovations that fuel productivity growth. "Rather than unduly fearing AI, Canadians should welcome the promise of AI to increase our ability to produce goods and services and improve our living standards," said Steven Globerman, senior fellow at the Fraser Institute. The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, Montreal, and Halifax and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit SOURCE The Fraser Institute


Cision Canada
2 hours ago
- Cision Canada
As U.S. Uncertainty Sparks Travel Boom in Canada, RVezy Urges Canadian RV Owners to Cash In on Soaring Demand Français
With 300% increase in U.S. travelers to Canada, RV rental platform RVezy calls on Canada's 2 million RV owners to list their vehicles and earn thousands this summer OTTAWA, ON, June 10, 2025 /CNW/ - Political instability south of the border is fueling a surge in Canadian travel—and RV owners have a golden opportunity to cash in. RVezy, Canada's leading peer-to-peer, RV rental platform, is reporting a 300% year-over-year spike in bookings from American travelers, along with a major increase in interest from overseas visitors. As international and domestic demand hits record levels ahead of the summer season, the company is issuing a national call to action: RV owners, list your RV now and earn thousands this summer. "With over 2 million RVs sitting idle across Canada and demand hitting all-time highs, we need more RV owners to list—today," said Michael McNaught, CEO of RVezy. "This isn't just about travel—it's about helping Canadians earn meaningful income while supporting our national and local tourism economy." Big Earnings, Big Impact: Renting Pays Off RV owners on RVezy earn an average of over $10,000 per year, with many earning significantly more during the peak summer months. Yet most RVs sit unused for 11 months of the year. With rising prices and economic pressures affecting households across the country, renting out an RV is an easy, practical way to generate additional income. And because travelers spend on average $300 per day in local communities, every RV trip fuels spending at local shops, restaurants, campgrounds, and small tourism operators. "We're seeing this incredible wave of interest in Canada—not just from Americans, but from international visitors looking for safe, scenic, flexible travel," added McNaught. "Every RV rental helps support Canadian families—on both sides of the keys." No Worries, Full Protection: RVezy's All-Inclusive Approach For RV owners concerned about liability or damage, RVezy provides full insurance coverage that protects the entire value of the RV. Every rental includes 24/7 roadside assistance and is backed by a dedicated Host Experience team to guide owners through every step of the process. RVezy is a proudly Canadian company— founded by Canadians, operated by Canadians, and located in Canada, RVezy is committed to building a stronger local travel economy. Call to Action: List Your RV Before Peak Season Hits With unprecedented traveler demand and limited vehicle availability, RVezy urges RV owners across the country to list now—especially in popular gateway regions like British Columbia, Alberta, Ontario, Quebec and the Maritimes. Whether you're an occasional camper or a seasoned RV enthusiast, listing your RV this summer could make a serious difference.


Toronto Star
5 hours ago
- Toronto Star
Canada Post, union trade shots Monday as progress stalls
After talks last week aimed at paving the way for binding arbitration, Canada Post and the union representing its 55,000 employees were back trading public potshots Monday, with both sides accusing the other of not negotiating seriously. Monday afternoon, the Canadian Union of Postal Workers (CUPW) blasted the Crown corporation, saying it was counting on government action to force an end to the dispute. 'CUPW's ultimate goal in returning to the bargaining table remains new negotiated ratifiable collective agreements,' CUPW said in a written statement. 'However, Canada Post's actions suggest it does not want to negotiate. It wants to rewrite our agreements — and is seeking to use government interference to further its goals.' The union pointed to Canada Post's request to federal jobs minister Patty Hajdu late last month to order a vote on its 'final' contract offer, as well as then-federal labour minister Steven MacKinnon's decision last December to 'pause' a 32-day strike by creating an Industrial Inquiry Commission run by veteran arbitrator William Kaplan. 'The historic rights and benefits our union has gained for our members — and for Canadian society — such as maternity leave have been won through our collective bargaining rights,' CUPW added. 'The attempt to trample over them should send a chill through the labour movement. CUPW will be standing against a forced vote — and for collective bargaining rights.' In a written statement Monday, Canada Post said two days of talks last week to set the terms for arbitration didn't result in any progress. The Crown corporation also said the union still hadn't provided an official response to its final offer. It also suggested Kaplan's report should be part of the terms of reference for any arbitration. 'The final report of the Industrial Inquiry Commission clearly outlines the critical issues we face and the immediate actions that need to be taken. It should therefore be the foundational document that guides any discussions about Canada Post's path forward. The union's refusal to recognize the IIC report and its recommendations in their proposed terms of reference for arbitration is unacceptable,' Canada Post said. 'After 18 months we urgently need a fair resolution that begins to address our challenges while respecting the important role our employees play, and the voice they have in our future.' A spokesperson for Hajdu said the minister was still reviewing Canada Post's request for a vote on the 'final offer,' and urged the two sides to get back to the bargaining table. 'Last week Minister Hajdu asked the parties to return to the negotiating table with federal mediators to do two things: to seek to negotiate terms for an arbitration process to conclude this round of bargaining, and to have the union table its response to Canada Post's last global offers,' said Hajdu spokesperson Jennifer Kozelj. 'Canadians expect the parties to resolve this dispute. Both parties must meet and pursue these paths with urgency.' Labour experts say it's unclear exactly how the impasse can be resolved. Both sides, suggested University of Toronto professor Rafael Gomez, could be waiting for clearer signals from the federal government on whether it will act on Kaplan's recommendations. 'If the government hems and haws, then of course the parties aren't going to negotiate strongly,' said Gomez, director of U of T's Centre for Industrial Relations and Human Resources. 'If they said 'here's what we're doing about the report. We're implementing everything Kaplan has said,' that would move the needle.' While a full-blown strike might be another option for the union to try and force the issue, it's not clear if it would work, argued Stephanie Ross, a labour studies professor at McMaster University. The union doesn't have nearly as much leverage as it did last winter, Ross said, because it's not nearly as busy a time of year for parcels, but also because Kaplan's report was largely in line with the Crown corporation's arguments for restructuring. 'It's not clear how much pressure a walkout is going to put on the employer right now,' Ross said. Earlier this month, Canada Post rejected the union's request for binding arbitration, saying it would take too long, and could exacerbate their financial struggles. On May 28, Canada Post made what it called its 'final' contract offer, which includes a 13 per cent wage increase spread over four years, as well as a $1,000 signing bonus. Two days later, it asked Hajdu to order a vote on the offer, a request blasted by CUPW.