As Trudeau arrives at White House, Trump hints at bilateral trade with Canada

As Trudeau arrives at White House, Trump hints at bilateral trade with Canada
WASHINGTON — Donald Trump has welcomed Prime Minister Justin Trudeau to the White House by hinting at the possibility of a free trade deal directly with America’s northern neighbour, should ongoing NAFTA talks collapse. But the U.S. president also said it’s too early to give up on efforts to renegotiate the North American Free Trade Agreement with Canada and Mexico.... Read More

Former PM Harper convinced Trump not bluffing about pulling the plug on NAFTA

Former PM Harper convinced Trump not bluffing about pulling the plug on NAFTA
WASHINGTON — Stephen Harper says he believes Donald Trump is genuinely willing to pull the plug on the North American Free Trade Agreement. The former prime minister is in Washington to discuss the fate of the ongoing trade negotiations, making rare public comments on a current political issue. And he happened to be doing so at the very moment his... Read More

International Monetary Fund report warns of Canada’s high debt levels

International Monetary Fund report warns of Canada’s high debt levels
The International Monetary Fund warns in a new report about Canada’s high debt levels and higher-than-average pressure on Canadian households’ ability to pay down that debt. The IMF says in its Global Financial Stability report released Wednesday that these dynamics in Canada’s private non-financial sector leaves its economy more sensitive to tighter financial conditions and weaker economic activity. Canada was... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,800.40, up 30.04 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Up 76 cents, 5.92 per cent, to $13.59 on 8.3 million shares. Canopy says it will develop up to three million square feet of greenhouse growing capacity in British Columbia, more than doubling Canada’s biggest... Read More

Amid uproar, feds back off employee-discount tax and call for consultations

Amid uproar, feds back off employee-discount tax and call for consultations
OTTAWA — The federal government appears to be doing away with a controversial tax policy interpretation that would have seen employees taxed for discounts they get at work. Amid a growing controversy, a spokesman for the National Revenue Minister Diane Lebouthillier said Wednesday that the government will pull the new wording at the heart of the debate from the Canada... Read More

Hydro inter-provincial ties will come, even as other renewables see price drops

Hydro inter-provincial ties will come, even as other renewables see price drops
WINNIPEG — The federal government is still interested in building up more inter-provincial hydroelectric transmission, even as the cost of solar and wind energy continues to drop. That message came Wednesday from Natural Resources Minister Jim Carr, who is hosting a conference on the future of Canada’s energy industry. Fatih Birol, head of an energy agency that has 29 member... Read More

Agriculture looks to space in latest push for precision agriculture

Agriculture looks to space in latest push for precision agriculture
CALGARY — Farmers are looking to space in the continuous push to better know what’s going on in their fields, and a growing number of public and private initiatives are helping get them there. One of the latest is a partnership between Winnipeg-based Farmers Edge and San Francisco-based Planet announced Wednesday, with the two planning to combine precision agriculture programs... Read More

Trudeau’s small business tax grab will hit Atlantic Canada hard

Trudeau’s small business tax grab will hit Atlantic Canada hard
Ottawa’s plan is confiscatory and destructive for a region where everyone already pays far too much in tax By Mark Milke Contributor Atlantic Institute for Market Studies Imagine for a moment you live in Saint John, or Halifax or any other city, town or hamlet in Atlantic Canada. For years, you resisted the temptation to advise your children and grandchildren... Read More

Post-recession investments in Canada’s auto sector far below the crash: report

Post-recession investments in Canada’s auto sector far below the crash: report
TORONTO — A new report says there’s “no sustained indication” that Canada’s automotive manufacturing sector will return to pre-recession levels of capital investment. DesRosiers Automotive Consultants says the country’s loss of investment to Mexico and the southern U.S. has already been well documented. Its new report says that capital spending for Canada’s motor vehicle assembly industry has averaged just $1.2... Read More