County Canadian Financial News

How can we ensure our two adult children, who, due to health challenges, are not able to support themselves financially, will be able to have enough money to live comfortably after we’re gone?

Subscribe to enjoy similar stories. More than three decades ago, the legendary Warren Buffett returned a call to a fact-checker, explaining what he meant when he used the term “elephant-bumping affairs." Buffett was gently deriding talkathons such as the World Economic Forum (WEF) and CEO summits hosted by business magazines. I was then working for Fortune magazine in New York and was the fact-checker Buffett called.

Canadian tourists contributed over a third of the tourism economy in Old Orchard Beach, a resort town in Maine, reported Global News. However, things are now starting to change.

Ontario Premier Doug Ford is urging a collective “team Canada approach” from Canada's provinces following US President Donald Trump's announcement to introduce a 25% tariff on car imports, as per CTV News.

Atithi Devo Bhava’—which translates to ‘Guest is God.’ However, a recent viral video suggests that not all foreign visitors feel this sentiment in practice. Canadian traveller and vlogger Nolan Saumure has sparked controversy with his candid comparison of hospitality in India and Pakistan. In a short interview with Instagram user @officialnamour, Saumure was asked which country offers better hospitality. Without hesitation, he replied, «Pakistan, obviously.» His remark has set social media ablaze, drawing both agreement and criticism from viewers.

Subscribe to enjoy similar stories. U.S. stocks have sold off this year on concerns about a burgeoning trade war and an accompanying economic slowdown.

Subscribe to enjoy similar stories. Canadians have long been the top international travelers to the U.S. Now, they are staying home.

Data provided by many sectors reveal the increasing footprint of the «Buy Canadian» movement, because of US president Donald Trump's threats of taking over Canada and trade moves, such as the 25% tariff on most Canadian imports, according to The Globe and mail. From travel agents to distilleries, American companies are already experiencing the impact. Travel agencies claimed that bookings from Canada to the US are plummeting, while Canadian grocery store shoppers prefer more local products, as per the report.

Elon Musk’s Tesla. The tariff, imposed last fall alongside U.S. measures, aimed to protect Canada’s emerging EV sector. However, retaliatory Chinese tariffs on Canadian agricultural exports, effective this week, have intensified pressure to recalibrate trade strategies.

Canada's Foreign Minister Melanie Joly told reporters in Ottawa on Wednesday that China had executed four Canadian citizens in recent weeks, defying pleas from Ottawa for leniency. «We strongly condemn the executions that did happen against Canadians in China,» Joly said. She said she was unable to discuss details of the case due to privacy requests from the affected families. However, Beijing suggested on Thursday the Canadians had been convicted over narcotics offences, saying "… combating drug crimes is the common responsibility of all countries".

Joe Rogan has waded into the escalating diplomatic friction between the U.S. and Canada, calling for cooler heads to prevail amid heated rhetoric from politicians and sports fans alike. The controversy, fueled by former President Donald Trump’s threats of tariffs and jokes about annexing Canada as the “51st state,” reached a boiling point recently as viral videos showed American athletes being met with boos during the national anthem at NHL and NBA games in Canadian cities.

Cross-border travel is dropping sharply, as per surveys, which is impacting tourism revenue and triggering ad campaign adjustments.

Post-Graduation Work Permit (PGWP). That requirement had been put in place in 2024 for Canadian colleges but not universities, and it was part of an effort by the Canadian government to apply heavier scrutiny to the international education sector, as per an ICEF Monitor report. “Graduates of college degree programs will no longer be required to meet the PGWP field of study requirement,” said Canadian Bureau for International Education CEO Larissa Bezo. ALSO READ:Canada curbed illegal migration to the US. Now people are heading to Canada

Mark Carney, who navigated crises when he was the head of the Bank of Canada from 2008, and then in 2013 when he became the first noncitizen to run the Bank of England — helping to manage the worst impacts of Brexit in the U.K. — will now try to steer Canada through the trade war brought by Trump. Mark Carney's path to the top job in Canadian politics has been unusual but, as he said when he launched his campaign to succeed Prime Minister Justin Trudeau, so are the circumstances. Former central banker Mark Carney was sworn in as Canada’s new prime minister on Friday, and will now try to steer his country through a trade war brought by U.S. President Donald Trump, a threat of annexation and an expected federal election. Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remained in power until the Liberal Party elected a new leader. Carney is widely expected to trigger a general election in the coming days or weeks. Carney has called the threats posed by US President Donald Trump «the most serious crisis of our lifetime.»

Subscribe to enjoy similar stories. Alcohol has landed on the front lines of a global trade war, throwing French wines, Irish whiskeys, Kentucky bourbon, Japanese beer and Mexican tequila into the crossfire between the U.S. and its biggest trading partners.

(Bloomberg) — Canada’s second-biggest supermarket company said a boycott of US goods is quickly taking hold in reaction to President Donald Trump’s tariffs and his threats of “economic force” to make the country the 51st US state.

retaliatory tariffs until Washington shows respect.

A Canadian man has been sentenced to 25 years in prison for shootings at an oil pipeline and an electrical substation in the Dakotas after a judge found that his crimes met the definition of terrorism

Subscribe to enjoy similar stories. Thousands of U.S. companies opened for business on Friday with no idea whether they had to pay tariffs.

As you begin to prepare your 2024 tax return in the days ahead, you should pay close attention to a seemingly innocuous question on page 2 of the return. The question asks whether you owned or held “specified foreign property” where the total cost amount of all such property, at any time in 2024, was more than $100,000. If the answer is yes, the return instructs you to complete Form T1135, Foreign Income Verification Statement.

Subscribe to enjoy similar stories. President Trump on Thursday suspended for one month the 25% tariffs he placed on Mexican and Canadian products earlier this week. But there’s a catch: The deal only applies to goods that had been traded duty-free under a 2020 North American trade agreement.