Canada Financial News
30.01 / 10:37
30.01 / 06:09
COST
UPS
Gap
Food
show
outbreak
Egg prices soar in U.S. What’s keeping Canada’s prices stable?
Egg prices in the United States continue to crack under pressure while in Canada they remain relatively stable — and even late-night TV is taking notice.On The Late Show with Stephen Colbert Tuesday night, the host couldn’t resist a jab at the price gap, joking that while Americans face egg rations, Canadians are “yolking it up” with their cheaper cartons.“F— it, I’m with Trump — let’s bomb Saskatchewan,” Colbert joked.But behind the joke is a serious issue driving up costs in the U.S. — a relentless outbreak of bird flu that is devastating poultry farms, forcing farmers to kill millions of chickens and sending egg prices soaring.The average cost of a dozen large eggs was USD$4.15 in December, according to the Bureau of Labor Statistics.
30.01 / 01:17
markets
Provident
Williams
Action
economy
Relationships
Headlines
Terence Corcoran: Feds bail out Canada Post while threatening Amazon
Two Canadian corporate competitors in ongoing conflict over parcel delivery made headlines last week. One involved government-owned Canada Post’s continuing struggle for existence and its failure to reach a labour agreement with 55,000 union workers. The other was Amazon’s decision to shut down its Quebec distribution network and lay off more than 1,900 workers, including 250 newly unionized employees it failed to reach agreement with. There are obvious connections between the two headlines that no one properly acknowledged.
29.01 / 21:37
Manufacturing
Action
security
Trade
President
Universities
Department
Canada, Mexico can avoid tariffs with border action, Lutnick says
United States President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend if they clamp down on border security — while also signalling that Trump is likely to impose widespread new levies to return manufacturing to U.S. soil.
29.01 / 21:37
show
Banks cut prime rate to 5.2%, following Bank of Canada's lead
Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, Desjardins Group and Equitable Bank announced Wednesday they would cut their prime rate, following the lead of the Bank of Canada.
29.01 / 21:37
UPS
Target
FIVE
economy
Trade
War
Interest rates 'still too high': What economists say about latest Bank of Canada move
The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war with the United States.
29.01 / 18:49
markets
Digital
Strategy
wellness
PAM
beautiful
HUL bets on global health drink to add zing to premium portfolio
Liquid IV is part of Hindustan Unilever's wider strategy to grow the share of its premium product portfolio by 9 percentage points in the beauty and wellbeing business-its biggest profit generator currently.
29.01 / 17:53
COST
UPS
Target
Pool
Trade
Rise to Trump's tariff challenge
Voluntary export controls by trading partners improve their competitiveness. Fair trade restrictions do not restore the cost advantage for local employment. Even if some form of protectionism can be defended in theory, it is typically captured by interests narrower than national welfare, leading to rent-seeking. The US has tried these approaches since the 1950s and has not been able to make much headway in arresting its trade deficit with the rest of the world. With every passing decade, the target of US protectionism changes: Opec, Japan, China — now it's the turn of India, Brazil and Canada.
29.01 / 17:29
29.01 / 17:29
29.01 / 17:29
UPS
Provident
Waters
Opinion
community
Opinion: What Canada can learn from the devastating wildfires in California
For thousands of Los Angeles-area residents, the past couple of weeks have been a time of hardship and heartbreak. Homes and businesses lost, lives uprooted and an iconic region forever changed. The impact of wildfires is devastating.
29.01 / 17:29
UPS
Target
economy
Trade
War
consequences
reports
Bank of Canada cuts interest rate to 3% amid trade uncertainty with the United States
The Bank of Canada cut its interest rate by 25 basis points to three per cent on Wednesday, while warning that the economic consequences of a prolonged trade war with the United States could be severe, hindering growth while potentially reigniting inflation.
29.01 / 17:29
Provident
Maxim
security
Death
wellness
travelers
recommendations
Now retired, how do we withdraw funds without running out of money?
“Now that we’re retired, how should we be drawing income from our investments in the most tax effective way that will ensure we can maintain the lifestyle we want throughout retirement?” This is the question Walter*, 68, and Joanne, 67, have been grappling with for the past three years.
29.01 / 14:55
29.01 / 10:29
UPS
Trade
President
War
country
Relationships
After talking tough during campaign, Trump appears to ease up on China
On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term
28.01 / 22:57
UPS
Gap
Metro
Food
Trade
War
reports
Weak loonie, Trump tariff threats make ‘volatile situation’ for Metro: CEO
Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping an eye on the weakening loonie at a time of year when Canada relies most on its southern neighbour for fresh food, said chief executive Eric La Flèche.
28.01 / 20:27
UPS
PwC
Trade
President
country
beautiful
Trump's tariff threat worked on Colombia, but his plans for Canada and Mexico carry higher stakes
President Donald Trump has already forced Colombia to accept deportees by threatening tariffs and is readying the same move against Canada and Mexico as soon as Saturday
28.01 / 19:37
28.01 / 15:07
28.01 / 15:07
markets
UPS
Trade
President
Universities
reports
Dollar climbs as Trump puts tariff threats back on the agenda
The dollar strengthened against all of its peers on Tuesday as comments from President Donald Trump and his Treasury Secretary stoked concern about widespread U.S. trade tariffs.
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