Canada Financial News

27.11 / 14:21

COST Manufacturing Airlines Cycling show country Headlines Bank of Canada, Fed should focus on rising delinquencies, defaults, bankruptcies 'before it's too late'

Despite the cumulative 75-basis-point cut by the United States Federal Reserve since September and the 125-basis-point cut by the Bank of Canada since June, the most recent loan officer surveys for both countries showed lending standards actually tightening.

27.11 / 14:21

COST economy Matthews Food show reports Matthew Lau: Trudeau offers more ridiculous nonsense on the economy

Last week the federal government announced a $4.7-billion tax expenditure, along with a two-month sales tax change that will create severe administrative and logistical nightmares for businesses, and whose effect on federal revenue the government seems to have badly miscalculated. According to economist Trevor Tombe, it will likely cost around $3.0 billion, versus the $1.6 billion the government estimates. Ottawa branded this $7.7-billion package an affordability measure and tax “holiday.” It is nothing of the kind. It is ridiculous nonsense, which this government delivers on a regular basis and is what Canadians really need a holiday from.

27.11 / 14:21

COST UPS Provident economy travelers Gwyn Morgan: Strikes divide Canadians into haves and have-nots

One annoying characteristic of Canadian unions is timing strikes to when they will cause the most harm and stress. Twelve days ago, as the busy holiday season approached, Canada Post workers went on strike, leaving small businesses scrambling to make alternative arrangements. Not an easy task, as the cost of FedEx and UPS is prohibitive for many. Purolator, which Canada Post owns, has lower rates, but Teamsters Canada has prohibited its members from handling packages identified as an alternative to Canada Post. As a result, according to the CFIB’s Corrine Pohlmann, “People unsure about delivery timelines are staying away from shopping altogether. It’s just the next big obstacle our members must deal with.”

27.11 / 13:45

COST UPS Target Extreme economy Remark Cycling Bank of Canada official warns it would be ‘painful’ to see big price drops

Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

27.11 / 13:07

markets UPS Target economy Trade social International Trump’s tariff message: I’m in charge of the economic agenda

Subscribe to enjoy similar stories. When President-elect Donald Trump said he would nominate the hedge-fund manager Scott Bessent as his Treasury secretary Friday, much of Wall Street and corporate America breathed a sigh of relief. The choice of Bessent, who is hawkish on deficits, a defender of the dollar’s reserve status, and until recently circumspect about tariffs, suggested that Trump would put a priority on market-friendly measures to boost economic growth and hold down inflation and interest rates.

27.11 / 12:09

markets DOW economy Trade Stock market today: World shares are mixed, with China benchmarks higher despite tariff talk

World shares are mixed with Chinese stocks leading gains after U.S. stocks rose to records despite President-elect Donald Trump’s latest talk about tariffs

27.11 / 04:29

markets UPS Manufacturing Southern country rights Canadian officials blast Trump's tariff threat and one calls Mexico comparison an insult

Canadian officials are blasting President-elect Donald’s Trump’s threat to impose sweeping tariffs

27.11 / 04:29

security Southern Trade President track country Department Trump vows tariffs over immigration. What the numbers say about border crossings, drugs and crime

President-elect Donald Trump is threatening tariffs on Mexico and Canada as he seeks to portray them as responsible for illegal immigration and drug smuggling

27.11 / 04:29

economy DELL Trade Universities reports International Trump fills out his economic team with two veterans of his first administration

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team

27.11 / 04:29

markets UPS Ripple DOW How major US stock indexes fared Tuesday, 11/26/2024

U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street

27.11 / 03:51

markets Ripple Remark Election Trade War social Trump wastes no time in reigniting trade wars

Subscribe to enjoy similar stories. Donald Trump has fired the first shot. Goods arriving in America from Canada and Mexico will meet tariffs of 25% as soon as he returns to the White House, the president-elect announced on November 25th.

27.11 / 02:55

COST UPS Ripple economy Trade President country What Trump’s new tariff threats mean for the US economy

Subscribe to enjoy similar stories. The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Import-reliant businesses—especially automobile manufacturers—could face significantly higher costs that they would then pass on to consumers.

27.11 / 02:55

wellness Trade President War country Trump returns to ‘maximum pressure’ as era of Biden alliances ends

Subscribe to enjoy similar stories. WASHINGTON—President-elect Donald Trump’s brandishing of tariffs on goods from Canada, Mexico and China marks the passage from one era to another: Partnerships are out, and coercion is in. Trump is showing his second term will be much like his first, defined by the economic and diplomatic fights he picked with friends as well as foes.

27.11 / 02:51

markets Enterprise Trade President country social Donald Trump selects Kevin Hassett to lead National Economic Council

President-elect Donald Trump picked Kevin Hassett to lead the National Economic Council, a role that puts him at the center of the administration's policy-making discussions from trade to taxes and deregulation.

27.11 / 02:23

COST UPS Progressive security Experts reports How the Canada Post strike could affect your Black Friday shopping

A nationwide shutdown of Canada Post is set to have major implications for the biggest shopping weekend of the year, experts warn.

27.11 / 02:09

markets Strategy economy wellness Trade War country trump tariffs Trump tariffs would harm all involved, US trade partners say

Trump's threat of hefty tariffs on goods would harm the economies of all involved, cause inflation to spike and damage job markets. Trump's pledge announced on Monday roiled currency, bond and equity markets on Tuesday, as the three countries are the United States' largest trading partners. Mexico and Canada are particularly intertwined in U.S. auto production and energy output thanks to decades of trade agreements between the North American neighbors. Trump's plan to impose a 25% tariff on Canadian and Mexican imports on his first day in office does not exempt crude oil as industry executives had hoped, two sources familiar with the plan told Reuters on Tuesday.

27.11 / 02:01

markets UPS Analysis Trade Experts Department How Trump's proposed tariffs might affect commodities and energy

27.11 / 02:01

markets Target Analysis Research Trade Experts Bitcoin Major currencies consolidate as market regroups ahead of US inflation measure

The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark rates by 50 basis points to 4.25% while noting that inflation had declined to near the mid-point of its targeted range.

27.11 / 00:13

UPS Progressive Death community rights peace Serial killer Paul Bernardo denied parole for 3rd time

Notorious killer and rapist Paul Bernardo has been denied parole for a third time after the families of his victims made an emotional plea to the Parole Board of Canada on Tuesday to keep him behind bars.

26.11 / 22:55

Progressive Virus hospital outbreak testing infection Investigations B.C. teen remains in critical condition with H5N1 avian flu

B.C. provincial health officer Dr. Bonnie Henry said the teen infected with H5N1 avian flu remains in critical condition in Children’s Hospital.

26.11 / 21:39

Provident Target Extreme economy Remark Cycling information Bank of Canada deputy warns pushing inflation below 2% comes with big risks

The Bank of Canada is warning against inflation falling below the central bank’s two per cent target, which could lead to a deflationary cycle and pose a big risk to the economy.

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