Author: admin
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U.S. says it will hit Canada with new 50% tariff over trade ‘discrimination’
The United States is imposing a new, 50 per cent tariff on a range of Canadian goods next month, the latest escalation in a years-long trade dispute that has hammered cross-border sales of vehicles and alcohol. On Monday, U.S. President Donald Trump signed three proclamations that could add sweeping new tariffs, which the White House…
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Trump announces new 50% tariff on Canadian goods citing alcohol, dairy disputes
U.S. President Donald Trump signed an executive order on Monday to impose new 50 per cent tariffs on certain Canadian goods set to begin Aug. 19, including goods previously exempted under the Canada-United-States-Mexico Agreement (CUSMA). The tariff is in response to what the U.S. administration views as discriminatory trade practices by Canada, including Canadian tariffs…
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Carney offered to nearly double oil exports to U.S. in ‘preliminary’ trade deal, ambassador says
Prime Minister Mark Carney offered to ship three to four million additional barrels of oil to the U.S. during trade talks last fall at the White House as part of a “preliminary” deal, the U.S. ambassador to Canada said Monday. “(Interior Secretary) Doug Burgum and (Energy) Secretary (Chris) Wright had to be restrained by the…
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Cyclosporiasis hospitalized a bride on her honeymoon as U.S. outbreak spreads
A Wisconsin bride landed in the hospital on her honeymoon with cyclosporiasis, a parasitic illness suspected of spreading through contaminated lettuce. A few days into a camping trip to Yellowstone, Gretchen Pleuss started feeling sick. “It was just like incessant diarrhea,” she told Milwaukee television station WISN . The pain grew bad enough that she…
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Brookfield and CPPIB team up to buy US$5.2 billion industrial REIT
Two of Canada’s largest institutional investors are paying US$5.2 billion to acquire LXP Industrial Trust, a New York-based company with expertise in buying and developing premium industrial real estate in key logistics markets in the United States. Brookfield Asset Management and the Canada Pension Plan Investment Board are paying a 19.8 per cent premium to…
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Maya Gebala’s mother shares bad news in latest update
Cia Edmonds, the mother of 12-year-old Tumbler Ridge shooting survivor Maya Gebala, has lost her dog. The mother of two, who posts on social media under the name “Cia Later,” recently changed her Facebook cover photo and profile picture to include images of what looks to be a small French bulldog, along with a sad…
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Doug Ford calls Trump’s tariff threats over wildfire smoke ‘rubbish,’ Carney confronted at World Cup
U.S. President Donald Trump continues to consider hitting Canada with tariffs over the country’s smoke-producing wildfires. But at least one U.S. politician is countering that what this country needs is help, not economic threats. And Ontario’s premier dismissed the notion of more tariffs as “rubbish.” Trump and Prime Minister Mark Carney were both in New…
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Andy Burnham becomes U.K. prime minister, 7th in a decade
After two years in office characterized by policy U-turns and public unpopularity, a beleaguered Keir Starmer has officially stepped down as U.K. prime minister. Apparently waiting in the wings to take his place was veteran politician Andy Burnham, who became the U.K.’s seventh PM in a decade today in a meeting with King Charles III,…
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Canadians paid 32% more for tomatoes in June. Here’s what to know about the StatCan inflation report
Grocery price inflation increased more than overall inflation for the 17th consecutive month in June, according to Statistics Canada. While the cost of food purchased from stores grew at a slower pace (+3.9 per cent) than in May (+4.3 per cent), Canada’s grocery price inflation has outpaced headline inflation since February 2025. Driven by lower…
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Why it’s too early for the Bank of Canada to ‘lower its guard’ on inflation and interest rates
Lower gasoline prices helped to cool June inflation to 2.8 per cent, but there were slowing price pressures elsewhere, say economists. Analysts had estimated the June consumer price index (CPI) would be 2.9 per cent, down from 3.2 per cent in May and below the top end of the Bank of Canada’s target range of…