Business

SUVs Threaten to Dethrone Camry from Top Spot

DETROIT—America’s favourite car is under attack. The Toyota Camry has been the top-selling vehicle for 15 years in the U.S., if you exclude pickup trucks. Now it’s in danger of losing its crown, a potential victim of the SUV craze. And even a much-anticipated revamp unveiled Monday may not be enough to keep the competition at bay. Toyota’s own RAV4 ...

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Keep Your Investment Fortunes on Track For the New Year: Pape

Did you make any New Year’s resolutions this year? Did anyone you know? Probably not. No one seems to bother any more because any resolutions that are made typically don’t last a week. So I’m not going to suggest any financial resolutions in this first column of 2017. I will, however, offer a checklist of three key things you should ...

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‘Cashman’ Russell Oliver Returns to Retail Roots with New Yonge St. Store

When you think of Toronto’s “Cashman” Russell Oliver, you probably think of gold trinkets, wads of cash and that annoyingly catchy jingle rather than Hermès handbags or Cartier cufflinks. In fact you probably consider him kooky more than anything — whether covered head to toe in silver spray paint or dressed as the “Loan Arranger” cowboy in his television ads. ...

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Donald Trump Tweet on ‘Border Tax’ Shakes Japan’s Auto Industry

TOKYO — Donald Trump sent shivers across the Japanese auto industry on Friday after warning Toyota on Twitter that he would impose a “big border tax” on the company if it built a new plant in Mexico. It appeared to be the first time he had taken on a foreign company for plans that did not directly involve the United ...

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TSXC Closes in the Red as U.S. Markets Climb to New Record Highs

Canada’s main stock index finished in the red, with most segments lower, a day after coming close to setting an all-time high. The Toronto Stock Exchange’s S&P/TSX composite index was down 90.53 points at 15,496.05, in a fairly broad-based decline. In New York, the Dow Jones industrial average gained 64.51 points to 19,963.80 and the S&P 500 rose 7.98 points ...

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Still Opportunity for Canada Despite Rising Protectionism Abroad, Freeland Says

MONTREAL—International Trade Minister Chrystia Freeland sees a silver lining for Canada in 2017 despite an increasingly complex economic situation worldwide. Freeland says there is enormous opportunity for Canada even amid growing protectionist and nationalist movements in the United States and elsewhere. She was speaking today to about 300 people at a Montreal Council on Foreign Relations luncheon in Montreal. Freeland ...

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Trump Targets Toyota Over Mexico Plant

President-elect Donald Trump directed his ire at another automaker Thursday, threatening Toyota Motor Corp. with a border tax for planning to build a factory in Mexico. “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S.,” Trump tweeted. “NO WAY! Build plant in U.S. or pay big border tax.” Toyota already builds Corollas ...

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Trump’s Tough Talk Good News, Says Canadian Auto Union

It probably bodes well for Canadian auto workers that U.S. president-elect Donald Trump is leaning on Ford and General Motors to keep auto production at home, says Unifor national president Jerry Dias. “Trump, as crazy as he is, is showing governments can play a role” in helping to strengthen the auto sector to save or even create jobs, said Dias, ...

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Canadian Vinyl Record Pressing Plant Closes

CALGARY—It appears one of the only vinyl record pressing plants in Canada has shut down its operations. Canada Boy Vinyl opened in Calgary in September 2015 expecting to take advantage of a surge in record sales — a Nielsen music report at the time said sales jumped by 52 per cent in 2014. Its machines, purchased from a pressing plant ...

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McDonald’s Canada Still Fighting to Change Junk Food Reputation

TORONTO—The head of McDonald’s Canada wants you to know one thing as the Golden Arches prepares to mark their golden anniversary. “I will tell you straight out that the reputation we have for food is absolutely unfair, unrealistic and a total . . . fill in the blank,” president and CEO John Betts says, slamming his hand on a table ...

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