The Bank of Canada will have to grapple with an underperforming economy, signs of a returning consumer and a “dark cloud” hanging over the nation’s trade prospects as it gears up for its final interest rate decision of the year. Canada’s economy did continue to grow in the third quarter, Statistics Canada reported on Friday….
Canada failed to cultivate new trade corridors that could have helped to mitigate the potential impact of Donald Trump’s tariff threats ahead of his return to the White House, experts tell Global News. The U.S. president-elect lobbed the first salvo of his incoming administration’s efforts to reshape North American trade this week, promising to levy…
Prime Minister Justin Trudeau and the premiers of Canada’s provinces will meet Wednesday evening after U.S. president-elect Donald Trump threatened to impose a 25 per cent tariff on Canadian goods. Prime Minister Justin Trudeau said a “Team Canada approach” is going to be vital in the face of sweeping new tariffs pledged by Trump. For…
If you’re a fan of Canadian beef, you’ve probably noticed that juicy steak on your plate has forced you to dig deeper into your pocket to pay for these days. That’s because, according to industry insiders, the size of the cattle herds in this country is at a 40-year low. “There’s a lack of cattle…
Business and political leaders in Canada say there will be pain if Donald Trump follows through on his pledge to impose a 25 per cent tariff on all Canadian goods, but they note the hurt will happen in his country as well. The president-elect posted to Truth Social on Monday he will sign an executive…
The federal government is calling on the provinces to “step up” and drop their sales taxes on certain items in line with Ottawa’s proposed two-month relief period. But Finance Minister Chrystia Freeland won’t confirm whether Ottawa will compensate the provinces with a harmonized sales tax who are set to see a shortfall in planned revenue…
By Kelly Geraldine Malone The Canadian Press Posted November 25, 2024 7:51 pm Updated November 25, 2024 8:33 pm 1 min read Descrease article font size Increase article font size Donald Trump says he will sign an executive order imposing a 25 per cent tariff on all products arriving in the United States from Canada…
The federal government says Canadians will get a “GST holiday” on groceries this holiday season — while those making under $150,000 annually will also be getting a cheque. Prime Minister Justin Trudeau made the announcement on Thursday, temporarily putting a break on the goods and services tax or harmonized sales tax on a slew of…
Prime Minister Justin Trudeau said Thursday he would prefer Mexico remain a North American free trade partner but “we may have to look at other options” if the country doesn’t address concerns about Chinese manufacturers working to wedge into the market. Trudeau said he raised the “real and genuine concerns about Chinese investment into Mexico”…
At first glance, the drilling site about an hour south of Munich might seem like a traditional oil operation. Two towering rigs, reminiscent of those seen in Canada’s oil industry, soaring over the Bavarian countryside. They have a different goal though: extracting heat, not fossil fuels. “This is pioneering work,” said Fabricio Cesario, Plant Manager…
