Category: Uncategorized
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Posthaste: Canada is killing it attracting this foreign investment — even without Carney’s summit
Global financial heavyweights came to Toronto last week to “peer into our shop window” during this country’s first investing summit. The government’s goal is to attract $1 trillion in investment in Canada over the next five years. Yet behind the scenes, data shows that billions of dollars of foreign money has already been flowing into…
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How Canada’s 50% whey tariff is backfiring on Canadian protein makers
Canadian manufacturers of protein shakes, bars and other high-protein foods are scrambling to find new sources of a key ingredient after Canada’s latest retaliatory tariffs slapped a 50 per cent levy on whey protein from the United States. The tariffs took effect Sept. 8 as part of Canada’s response to 50 per cent U.S. duties…
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Police officer injured after Yom Kippur shooting at Belleville synagogue
Two people, including a police officer, were wounded in a shooting incident outside a Belleville, Ont., synagogue Sunday night as worshippers gathered to mark Yom Kippur. No one inside the shul was hurt, according to a social media statement by the Sons of Jacob Congregation. There were multiple unconfirmed reports the alleged shooter was in…
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Macron calls for G7 meeting to mull release of oil reserves
French President Emmanuel Macron said he would convene a meeting of the Group of Seven countries in the coming weeks to discuss a potential release from strategic oil-product stockpiles as soaring energy prices sap economic growth. “I will convene a G7 to move forward on improving coordination on the level of stockpiles, with greater cooperation…
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‘Nothing ever happens’ is becoming the new normal for FX traders
Currency volatility has been so low for so long that traders are starting to treat it as the new normal rather than a passing phase. That subdued backdrop was among the major themes at an annual industry gathering in Amsterdam this week for a second year running, with investors describing a market where sharp changes…
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Irish finance chief shrugs off U.S. tariff threats over Canada
Irish Finance Minister Simon Harris played down worries that U.S. President Donald Trump may impose tariffs on the European Union over Canada’s associate member status with the bloc. “I don’t think we should overstate that level of concern,” Harris said ahead of an informal meeting of EU finance ministers in Dublin. “I think it’s always…
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Joly urges Stellantis, union to resume talks
Jeep parent Stellantis NV and its unionized workers should resume labour talks, Industry Minister Melanie Joly urged Friday. “They need to get back to the negotiation table, and they can find a really trustworthy partner in myself and the government to make sure that they get to a deal,” Joly told reporters in Ottawa. A…
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Ride along in a vintage plane from the Second World War as it loops around Parliament
OTTAWA — The 1943 Douglas C-47 Skytrain, or Dakota, transport plane was part of one of Canada’s biggest ever military missions, dropping troops into Normandy on D-Day. Media were invited on Sept. 16 to ride aboard as it flew past Parliament Hill. The C-47’s pilot, Bill Craig, is a member of Canadian Warplane Heritage, an…
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The highly strategic city that the Canada Investment Summit forgot
Prime Minister Mark Carney was in Toronto this week selling Canada as a place that still builds things. The prospectus for his inaugural investment summit runs to 167 projects: mines, ports, LNG, data centres, powered by the usual nation-building adjectives. Nobody in that room had to plow the roads that get the ore to the…
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Parliament returns with a big agenda and a fight brewing between Carney and labour unions
OTTAWA – Parliament is set to return after a three-month long summer break on Monday and the Liberal government’s agenda will be jammed packed this fall. Prime Minister Mark Carney is running high in the polls, and his government maintains a majority of seats in the House of Commons, which gives the Liberal leader ample…