Category: Uncategorized

The former Canadian ambassador to China Dominic Barton has been appointed as chair of Invest in Canada’s board of directors following the resignation of the federal agency’s chief executive. Prime Minister Mark Carney on Monday announced Barton’s appointment along with Gurinder Grewal’s as the new chief executive of the foreign-investment agency . “As we look…

OTTAWA — The conflict between the Canadian and U.S. government has evolved from a trade war into a war of words. After days of strident comments and insults towards Canada from multiple U.S. government officials, Prime Minister Mark Carney said Americans should “stop doing memes, stop throwing shade, stop trying to be tough, and start…

Prime Minister Mark Carney was asked if he plans to lead the Liberals into the next federal election during a brief scrum outside the prime minister’s office in Ottawa Tuesday morning. Notably, in the more than 100 words of Carney’s response, the word “yes” didn’t appear. Carney was speaking to reporters after the federal Liberals…

There has been a lot of emotion over the past week or so in the latest battle in the trade war between Canada and the United States . Promising Canada-U.S. trade talks ended without a deal on Aug. 21, triggering the imposition of section 338 tariffs on a range of Canadian products and impending retaliatory…

Canadian economists largely expect the Bank of Canada to keep its overnight rate at 2.25 per cent for the rest of the year, but what policymakers might do in 2027 is less clear as the trade war muddies the country’s economic outlook. The central bank is scheduled to announce its overnight rate on Wednesday, five…

Canada’s counter tariffs hitting back at U.S. President Donald Trump’s recent foray in the trade war will just drag on growth and raise prices for Canadians, economists warn. In response to Trump’s 50-per-cent tariffs on $28-billion worth of Canadian goods imposed after trade talks broke down in late August, Prime Minister Mark Carney announced duties…

Gold edged down as renewed geopolitical risks stoked concerns about inflationary pressures that could make the Federal Reserve hike interest rates , a headwind for the precious metal. Bullion fell 0.5 per cent as escalating tensions in the Middle East sent United States crude above US$85 a barrel and Treasury yields higher. Elevated energy costs…

United States Treasury Secretary Scott Bessent said he plans to ask Group of 20 members to review their terms of trade with China , Reuters reported, underscoring lingering tensions before the leaders of the world’s two biggest economies meet next month . “The world cannot have a China with a US$1.2 ⁠trillion trade surplus,” Bessent…

Apple Inc. ’s Tim Cook told employees that he’ll miss the role of chief executive officer but has “enormous comfort” in the leadership of his replacement, John Ternus . Cook made the comments in an email to all employees on Monday, his final day as CEO. Cook took over for Steve Jobs in August 2011,…

The United States Federal Trade Commission is preparing to sue e-commerce giant Amazon.com Inc. over claims the company misled advertisers on prices, according to a person familiar with the matter. A group of U.S. states is also set to join the potential lawsuit , said the person, who asked not to be identified discussing the…