Wednesday , August 15 2018
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Canada

Canadian cities begin to declare themselves city-states

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It’s the dead of summer. B.C.’s Green-NDP government is taking a break from dressing the province’s economy in worn-out bell bottoms. No trucks loaded with big steel pipe are rolling yet. Even the hardened actors of our many summer tent camps are taking a break from disrupting our energy and housing policy. The federal government has assured us there is ... Read More »

Canada reaches deals with credit card firms to cut merchant fees by about 10 basis points

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Canada:Major credit card companies have struck an agreement with the federal government to trim the fees they charge to merchants in a move Ottawa hopes will provide a boost to small businesses. Ottawa announced Thursday it has reached voluntary, five-year deals with Visa, MasterCard and American Express by about 10 basis points. Finance Minister Bill Morneau, who unveiled the deal ... Read More »

Officials Considering a ‘Mobile Passport’ for Traveling Canadians

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Canada:According to a new report from Global News, new public opinion research published by Immigration, Refugees and Citizenship Canada suggests the officials are currently considering whether Canadian citizens should have the ability to renew their passports via a mobile app. Through research gathered during 15 separate focus groups held throughout the country earlier this year, Canadian participants were asked what ... Read More »

Man upset he was taxed for importing wine on a day trip

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The following is a complaint re Canada Customs border crossing Osoyoos. A number of years ago I had problems at the above border crossing. The Canada Customs staff at the time were very rude and incompetent. I, and probably many others, wrote to then Prime Minister Stephen Harper in hopes that he would correct the customs problems. Prime Minister Harper ... Read More »

Saudi has expelled Canada’s ambassador and frozen all trade and investment with Ottawa

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Canada:Saudi Arabia has expelled Canada’s ambassador and frozen all trade and investment with Ottawa over an escalating dispute centered on jailed human rights activists. The feud appears to have begun on Friday, when Global Affairs Canada tweeted that it was “gravely concerned” about a new wave of arrests of women’s rights activists in the Kingdom. “We urge the Saudi authorities ... Read More »

Canada to join Mexico, Japan, South Korea, EU to talk auto tariffs

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Canada:Canada will join Mexico and other European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States. Japan and the European Union organized the meeting for Tuesday in Geneva, where vice and deputy ministers from Canada, the EU, Japan and South Korea will gather ... Read More »

Deutsche Bank says big-bang restructuring on track

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Canada:Germany’s biggest lender Deutsche Bank said Wednesday a major restructuring under its new chief executive was in full swing, as it confirmed second-quarter profits that beat analysts’ previous expectations. Net profits reached 401 million euros ($468 million) on the back of 6.6 billion euros in revenue, in line with preliminary figures the lender released earlier this month. Analysts surveyed by ... Read More »

Canadian banned from U.S. for marijuana investments seeks waiver to cross border

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Canada:A Vancouver businessman banned for life from entering the United States over his investments in American marijuana companies says he plans to seek a waiver that permits him to cross the border. Canadian Sam Znaimer said he was recently denied entry at a Washington state border crossing by officials who said his investments in U.S. marijuana companies make him ineligible ... Read More »

Glencore PLC (LON:GLEN) price target set to GBX 400 by Royal Bank of Canada

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Switzerland:Today, Royal Bank of Canada set its price target on Glencore PLC (LON:GLEN) to GBX 400 per share.There are 14 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings, no Strong Buy Ratings on the stock. The current consensus rating on Glencore PLC (LON:GLEN) is Buy with a consensus target price of GBX 420.68 per share, a potential. Read More »

US Marijuana Companies Go Public in Canada

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US:Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen. So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went public in Canada, where marijuana ... Read More »

Japan announces end of Canadian wheat imports suspension

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Canada : Japan has announced that it has put an end to its ban of Canadian wheat imports, CBC news reports. Following the discovery of genetically modified wheat in Southern Alberta, the Asian country stopped all shipments. Ottawa confirmed that the decision to lift the suspension marked the end to all international trade actions following the finding on 14 June. Read More »

Canada to Respond to U.S. Tax Reform Challenge in Fiscal Update

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Canada’s Liberal government will seek to address competitiveness challenges faced by the nation’s businesses in a budget update later this year amid pressure to respond to U.S. tax reform. Finance Minister Bill Morneau, in an interview with Bloomberg News in Buenos Aires on Saturday, said the key themes emerging for his fiscal update — a document the finance department typically ... Read More »

S&P boosts greece debt outlook to ‘positive’

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Canada:The ratings agency S&P Global on Friday raised its outlook for Greek sovereign debt to “positive” from “stable,” citing greater political stability in the long-troubled European nation. But S&P did not change its highly speculative “B+” debt rating, which it had raised on June 25 due to what it said was an improving balance of risks. “The positive outlook on ... Read More »

Canada vows to retaliate if US imposes auto tariffs

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TRENTON :Canada warned at a hearing Thursday in Washington that should the United States impose a 25 percent tariff on imported autos, it will strike back. The U.S. Commerce Department is investigating whether the tariffs are necessary based on the theory that the imports pose a national security risk. But for several hours, one after another, U.S. industry leaders and ... Read More »

Collateral damage: Canada hit by escalating U.S.-China tariff wars

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OTTAWA: Grim scenarios of collateral damage for Canadian consumers and businesses are emerging in response to escalating the U.S.-China trade war. The Trump administration has taken aim at China by imposing a 25 per cent tariff on goods worth U.S. $34 billion, but the worst is still on the horizon. The U.S. has announced a further round of tariffs on ... Read More »

Government rebates could protect Canada’s auto industry from certain tariffs

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Canadian government customs provisions are expected to soften the blow on the country’s powerful automotive industry from retaliatory tariffs on U.S. steel, according to trade lawyers and industry leaders bracing for higher costs. Decades-old programs reduce or refund import duties on supplies like steel when companies in Canada can show the material is used in export products. They could protect ... Read More »

Legal Marijuana Is Coming to Canada. Investors Catch the Buzz.

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CHESTERVILLE:Inside garage-sized containers at one end of a cavernous warehouse in a former Nestlé factory south of Ottawa are rows of marijuana plants stacked atop each other, basking in the unearthly glow of grow lights. They belong to Hamed Asi, an Ontario businessman who calls them his “vertical farm.” He has no background in growing marijuana, or in any kind ... Read More »

Canada’s central bank raises key interest rate to 1.5%

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Ottawa :The Bank of Canada on Wednesday hiked its benchmark interest rate to 1.5 percent, the first increase since mid-January, as the Group of Seven economy tries to tame inflation. “Canada’s economy continues to operate close to its capacity,” the central bank said in a statement, adding that inflation “is expected to edge up further to about 2.5 percent before ... Read More »

G-Eazy Cancels Gig After Being Turned Away By Canadian Customs

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Canada : July is off to a rough start for G-Eazy, as it started with a breakup with Halsey, and now he’s had to cancel his appearance at the Cowboys Music Festival in Calgary after he was turned away by Canadian customs. TMZ said that G-Eazy and his crew were turned away at the Canadian border by customs agents when ... Read More »

Samsung electronics operating profit up 5.2 pct in Q2

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Canada :Samsung Electronics saw its operating profit rise 5.2 percent in the second quarter from a year earlier, a regulatory filing showed Friday. The preliminary figure for operating profit was 14.8 trillion won (13.2 billion U.S. dollars) in the April-June quarter, according to the regulator filing. It was up 5. 2 percent from a year earlier, but samsung ended its ... Read More »