U.S. requests trade dispute talks over Canada’s digital services tax – National

The United States on Friday said it has requested trade dispute settlement consultations with Canada over its new digital services tax, which the Biden administration suggested was inconsistent with Canada’s North American trade obligations. U.S. Trade Representative Katherine Tai’s office said in a statement that it will work with Canada to resolve U.S. concerns over…

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Scotiabank topped profit estimates last quarter while BMO missed. Here’s why – National

Canada’s Bank of Montreal on Tuesday reported quarterly profit below analysts’ estimates, its sixth miss in a row, hurt by weakness in its U.S. retail segment and as the lender made bigger than expected provisions for potential bad loans. Meanwhile, peer Bank of Nova Scotia, Canada’s fourth largest bank by market capitalization, reported better than…

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A U.S. port strike looms, and it would be ‘devastating’ for supply chains – National

Hot on the heels of a Canada-wide rail shutdown, a potential strike at U.S. seaports on the East Coast and Gulf of Mexico is threatening to further disrupt supply chains. The International Longshoremen’s Association (ILA), which represents roughly 45,000 dockworkers at three dozen seaports from Texas to Maine, have threatened to walk off the job on…

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