Author: admin
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Giant MapQuest directions to Lake Ontario appear on billboards across Canadian and U.S. cities
Navigation app MapQuest has put up billboards across Canada and the U.S. detailing directions to Lake Ontario, in its latest act of defiance against U.S. President Donald Trump’s executive order renaming the body of water to “Lake America.” The app collaborated with creative agency Quality Meats to install the billboards, and the company shared in…
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Mark Carney wants the world’s biggest funds to invest billions in Canada. Will they buy in?
A single line in Prime Minister Mark Carney’s first budget in November resonated with one of Australia’s largest infrastructure investors. It said the Canadian government was considering selling the country’s major airports, a signal IFM Investors Pty Ltd. took to mean the door was swinging open to billions of dollars of investible assets for major…
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Posthaste: Canada’s credit rating could be the next casualty in Trump’s trade war
Canada’s AA+ rating can withstand the most recent volleys in the trade war with the United States, but further escalation would put pressure on the credit profiles of both federal and provincial governments, Fitch Ratings warned this week. Canada imposed tariffs on $27.6 billion worth of U.S. goods on Tuesday, matching dollar for dollar the…
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Jean Charest: Canada will one day thank Donald Trump
I was invited to speak at the World Trade Day conference last August in Louisville, Ky., where the opening session was a fireside chat with a deputy undersecretary at the United States Department of Commerce . I was interested in hearing the official narrative he would offer the business audience on the Donald Trump administration’s…
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BMO commits $70 billion in new spending to help build Canadian industry
Bank of Montreal says it will spend up to $70 billion in new capital over 10 years in sectors it considers critical to Canada’s economy , including energy , transportation , mining , defence and artificial intelligence . “Building Canada has always depended on bold ideas backed by capital,” chief executive Darryl White said in…
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‘You can’t do a deal that is a death sentence’ for autos: Lisa Raitt
Lisa Raitt , a member of Canada’s Advisory Committee on Canada-U.S. Economic Relations, talks with Financial Post’s Larysa Harapyn about the uncertainty businesses face — especially small and medium-sized operations — of not knowing when Canada and the United States will restart trade talks, that any deal struck must still allow sectors of the economy…
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Trump derails the Quebec campaign, but the PQ leader would rather not talk about that
MANSEAU, QC — Parti Québécois Leader Paul St-Pierre Plamondon would rather not talk about U.S. President Donald Trump — or his trade war with Canada. In fact, St-Pierre Plamondon has said he is uneasy with words of war to describe the tensions with the U.S. and instead refers to it as a “commercial conflict.” He…
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Democrats flirt with becoming the anti-tariff party amid Trump’s trade war
WASHINGTON, D.C. — Since the 1970s, U.S. Democrats have been more closely associated with labour protection, while Republicans have been aligned with free trade. Under President Donald Trump, however, the GOP has been embracing its pro-tariff era. In recent weeks, the opposition has been showing increasing signs of moving toward freer trade. Democratic Sen. Chuck…
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‘Total exhaustion’: How a Gander college campus jumped in to help plane passengers on 9/11
Gander is a tiny dot on the map of northeastern Newfoundland, some 335 kilometres from the provincial capital of St. John’s. But Canadians know it for its citizens’ famous acts of kindness and hospitality, caring for 6,700+ stranded airline strangers in the days after the 9/11 attacks. Twenty-five years ago, Mac Moss was one of…
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CIBC commits $2 billion to help Canadian defence-related companies grow
Canadian Imperial Bank of Commerce says it has committed to spend $2 billion to help small and medium-sized defence-related businesses grow in a sector that has increasingly become important for boosting Canada’s economy. “Canadian companies in the defence and resiliency ecosystem are poised to play a critical role in strengthening our economy, advancing innovation and…