News of the day: Crumbling aluminum sector, Chinese EVs coming to Canada, housing construction slowdown, quantum unicorn, executive career trap and more

News of the day: Crumbling aluminum sector, Chinese EVs coming to Canada, housing construction slowdown, quantum unicorn, executive career trap and more

It's Thursday, July 16. Here are the top stories we're following today.

'We're getting hammered': Why this Canadian aluminum sector is crumbling while prices boom

Aluminum is the best-performing base metal this year, but extruders that process it say their businesses are dying amid surging prices, U.S. tariffs and dumping from overseas.

Chinese EVs are coming to Canada: Here's what consumers need to know

Chinese electric vehicles are starting to arrive in Canada, and thousands more are set to enter the country this year as part of a new strategic partnership between the two countries. Here's what Canadians can expect, what brands could land here, how much they could cost and whether drivers could be turned away from the U.S. border.

Slowdown in housing construction deepens as builders pull back

Housing construction in Canada continued to thin in June — further evidence that homebuilders are pulling back amid weak demand, rising costs and a surplus of unsold homes.

Quantum unicorn Photonic has secured Canada's biggest investors — now, it needs customers

Coquitlam, B.C.-based quantum computing startup Photonic Inc. has convinced some of Canada's biggest institutional investors to fork over their cash, but it still needs to prove it can scale its technology in a way that's useful for businesses and convince companies and governments to pay for its services.

The executive career trap nobody talks about

As executives ascend the corporate ladder, they gradually lose control over the factors that determine their future, writes Howard Levitt.

Philip Cross: Higher incomes require faster economic growth

Opinion: Canada's dairy sector is built on what I warn every client against