Economy

“Canada resumes imports from biggest US pork plant run by Smithfield Foods”

“…Canada has resumed imports from the biggest U.S. pork-processing plant, a Smithfield Foods facility in Tar Heel, North Carolina, after suspending shipments for about a week, the company said on Friday. The halt temporarily limited a market for American pork… Continue Reading…

Economy

“…Trump warns Canada will pay biggest price in HISTORY…” [Over Ontario Government’s Terrorist Threat To Cut US Energy.]

“PRESIDENT Donald Trump has threatened Canada with historic financial punishment for threatening to impose 25% tariffs on electricity in three US states… [Trump said] “They will pay a financial price for this so big that it will be read about… Continue Reading…

Economy

“Trump backs latest Canada, Mexico tariffs and preps markets for ‘a little disturbance’ during first address to Congress”

“The president even acknowledged economic discomfort when discussing tariffs, saying, “there’ll be a little disturbance, but we’re OK with that. It won’t be much.”…” https://finance.yahoo.com/news/trump-backs-latest-canada-mexico-tariffs-and-preps-markets-for-a-little-disturbance-during-first-address-to-congress-041815289.html Of course there will be a little pain. This will fix our problems as a… Continue Reading…

Economy

“Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition”

“Canada on Monday said would impose 100% import tariffs on China-made electric vehicles, as well as a 25% tariff on steel and aluminum imports from China. Canada said its EV, steel and aluminum industries face “unfair” competition from China, and… Continue Reading…

Economy

“Loonie Surges After Canada Job Gains Blow Past Expectations”

“…The country added 90,000 jobs in April, driven by part-time positions, while the unemployment rate held steady at 6.1%, Statistics Canada reported Friday in Ottawa. The figures beat expectations for a gain of 20,000 positions and a jobless rate of… Continue Reading…

Economy

“Canada’s surging cost of living fuels reverse immigration”

“The dream of making it big in Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, as rising emigration numbers hint at newcomers being forced to turn their… Continue Reading…

Business, Economy

“Blackstone, Thomson Reuters Selling $3 Billion of LSE Group Stock”

“A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell £2.4 billion ($3 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares. The group,… Continue Reading…

Banking

“Canada Targets Banks for Billions With Dividend Tax Change”

“Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms… In a measure that officials billed as closing a loophole, Canada will… Continue Reading…

Economy

“Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount”

“Canadian consumer prices increased in May at rates not seen since January 1983, surging past analyst forecasts, largely driven by pricey gasoline, official data showed on Wednesday, upping the pressure on the central bank to hike rates “more forcefully” Canada’s… Continue Reading…

Economy

“Canada Oil Industry Loses Over 20% Of Workforce Since 2014”

“Canada’s oil and gas industry could shed another 12,500 and more jobs this year, which would bring the total job losses over the past five years to 23 percent of the 2014 total, which stood at 226,500. These are among… Continue Reading…