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The Dutch Central Bank has shifted gold reserves worth about US$12 billion from New York and Ottawa to London, citing concerns about increasing global geopolitical unrest. Between March and August, the bank transferred approximately 86 metric tons of gold — more than a quarter of the bullion it holds in the United States and Canada…

OTTAWA — An Ontario company that is being threatened by a massive retroactive tax bill because its golf carts were categorized by Ottawa as electric vehicles (EVs) isn’t alone. At least one other Canadian company that also has its motorized push carts manufactured in China says it has also received a tax bill from Canada…

The mayor of a New York State city on the shore of Lake Ontario has said his community is taking the lake’s renaming “very personally” and will not be using the new “Lake America” name. Robert Corradino is a Republican and has been mayor of Oswego, in the Republican stronghold of Oswego County, since January…

A new survey on public safety perception in Canada’s urban centres finds that Quebec City has the strongest net perceived safety score in the country, while Winnipeg has the weakest. But the survey, updating a previous version of the study conducted almost a decade ago, also recorded a big change in several large municipalities. Edmonton,…

Can Ottawa and Alberta actually work together? Adriana LaGrange is not waiting for permission. Alberta’s minister of hospital and surgical health services is rolling out a dual-practice model that lets some surgeons work in both the public system and a private-pay lane at the same time — something no other province allows. The question hanging…

The Canadian economy is in relatively good shape compared to a number of developed countries around the world, but the knock-on effects of rising global bond yields will still cause pain. “The upward pressure on global yields will put pressure on our borrowing costs, regardless of what we do,” said Kyle Hanniman, an associate professor…

Canada’s economy unexpectedly lost 42,000 jobs in August, leading economists to say the Bank of Canada and Canadians in general may have celebrated previous positive growth reports too early. As a result, many economists expect the Bank of Canada to keep rates at 2.25 per cent , something it did this week for the seventh…

Canada will wind up hurting itself with its latest counter-tariffs based on the outcome of retaliatory duties levied nearly 100 years ago, says the Montreal Economic Institute (MEI). Canada is set to unleash on Sept. 8 $28-billion worth of tariffs ranging from 15 per cent to 50 per cent on imports from the United States.…

The Canadian economy shed 42,000 jobs, but the unemployment rate remained unchanged at 6.4 per cent in August after it declined by a total of 0.5 percentage points in May, June and July. Employment declines were spread across several industries, including the public sector, natural resources , utilities and business, building and other support services.…

Mark Thompson’s concrete business in northern New York has almost exclusively relied on cement from Canada for nearly half a century. Jefferson Concrete Corp., located in Watertown, about 30 kilometres from the Canadian border at the eastern end of Lake Ontario, uses roughly 4,000 tonnes of cement a year to manufacture everything from septic tanks…