Canada Financial News

Trump reportedly suggested to the Canadian PM that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, according to Fox News sources. Trudeau and other officials nervously laughed at Trump's joke. Trump was joking when he suggested Canada become the 51st U.S. state during a dinner with Justin Trudeau, a Canadian minister who attended their recent dinner said Tuesday.

Bank of America has teamed with FIFA for a second time

Negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) continued as the strike inches closer to the holiday season.

Justin Trudeau is quite critical of. Trump has now been engaged in a war of words with the Canadian Prime Minister and has even stated that Canada should become the 51st state of the US, if Trudeau is not able to handle tariffs and immigration, according to a Fox News report.

Agricultural powerhouse Cargill, one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global workforce as part of a major restructuring effort.

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office

Prime Minister Justin Trudeau will have a meeting with all opposition leaders to discuss U.S.-Canada relations after President-elect Donald Trump threatened sweeping tariffs on all Canadian products

Large government budget deficits suggest that sovereign debt could rise by a third by 2028 to approach $130 trillion, the report from the Institute of International Finance (IIF), a financial services trade group, found — increasing repayment risks worldwide. «Rising trade tensions and supply-chain disruptions threaten global economic growth, increasing the likelihood of mini boom-bust cycles in sovereign debt markets as inflationary pressures resurface and public finances tighten,» it said in its report, adding that the increased interest cost as a result could «exacerbate fiscal strains» and make debt management increasingly difficult.

By Peter Shawn Taylor

The small business loan program the federal government rolled out during the COVID-19 pandemic wasn’t managed with “due regard for value for money,” auditor general Karen Hogan said Monday.

“What thy government giveth, thine bond market taketh away.”

The Canadian dollar has been steadily declining over the past couple of months — a drop many economists and currency experts have linked to the rising expectations of a Donald Trump victory in the lead up to the U.S. election. The loonie is down just over four per cent against its U.S. counterpart since late September, and 1.5 per cent since Nov. 5. It slumped nearly a half per cent after Trump announced that, on day one of his presidency, he would impose a 25 per cent tariff on all goods entering the United States from Canada and Mexico.

The Canada Post strike, now in its third week, is set to cost Canada’s small- and medium-sized businesses more than $1 billion by Wednesday, according to the Canadian Federation of Independent Business (CFIB). The prolonged labour dispute, which began on Nov. 15, has paralyzed operations at the Crown corporation, disrupting supply chains and dealing a significant blow to small businesses during the critical holiday season.

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The U.S. Postal Service has temporarily suspended accepting mail headed to Canada due to the strike by Canada Post workers.

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Subscribe to enjoy similar stories. Car dashboards have an array of indicators that illuminate to warn of trouble. If the boardrooms of Europe’s carmakers had similar systems they would be lit up like a Christmas market.

Canada Post says it has presented a new framework that it hopes will “reignite discussions” with the union representing 55,000 striking workers.In a statement Sunday, the Crown corporation said the framework is “comprehensive” for reaching a negotiated agreement with the Canadian Union of Postal Workers, whose members walked off the job more than two weeks ago.“The framework includes proposals to bring greater flexibility to the Corporation’s delivery model, while also demonstrating movement on other key issues,” Canada Post said.“It is our hope that these proposals will reignite discussions and, together with the support of mediators, help the parties work toward final agreements.”It added it will not be providing further details outside the negotiation process at this time.The 55,000 workers walked off the job on Nov. 15 over wages and working conditions.

Canada’s ambassador to the United States says Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and some key cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into t...

Ultra low-cost online retailers Temu and Shein are giving Western retailers a run for their money this holiday shopping season