Rumours suggest changes coming to feds’ tax reform proposal: B.C. minister

Rumours suggest changes coming to feds’ tax reform proposal: B.C. minister
VANCOUVER — British Columbia’s finance minister says there are rumours the federal government will back off on parts of its proposed tax reforms for small business that have elicited anger across the country. Speaking to members of Vancouver’s board of trade, Carole James says she would be surprised if the Canadian government did not make changes in light of the... Read More

NAFTA talks in Canada could result in energy agreement with Mexico

NAFTA talks in Canada could result in energy agreement with Mexico
OTTAWA — An agreement that would see Mexico sign on to a NAFTA clause governing oil exports may be one of the first significant products of the renegotiation talks this weekend in Ottawa. When NAFTA was originally signed 23 years ago, Mexico rejected parts of the energy chapter because its oil industry was entirely owned and operated by the government.... Read More

Canada’s inflation rate continues to pick up its pace, reaches 1.4% in August

Canada’s inflation rate continues to pick up its pace, reaches 1.4% in August
OTTAWA — The country’s annual inflation rate continued to accelerate last month with a boost from higher costs for gasoline, hotels and airline tickets. The new inflation reading Friday of 1.4 per cent brought the data point closer to the Bank of Canada’s ideal target of two per cent and supported the bank’s predictions that recent softness was mostly temporary.... Read More

China criticizes S&P credit rating cut as ‘wrong decision’

China criticizes S&P credit rating cut as ‘wrong decision’
China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision” and said it ignores the country’s economic strength. S&P announced the change Thursday, citing rising debt it said increased financial risk. The move added to warnings China’s debt burden might drag on economic growth or... Read More

Liberal definition of middle class Canadians ‘not useful,’ says economist

Liberal definition of middle class Canadians ‘not useful,’ says economist
The Liberals speak constantly of strengthening the Canadian middle class, but any precise definition of that amorphous category of people getting all the attention has always been ambiguous at best. Until now — depending on how one defines the word “precision.” Earlier this week, Transport Minister Marc Garneau rose in the House of Commons to reveal the Liberal government’s criteria... Read More

May to urge new partnership, transition period for Brexit

May to urge new partnership, transition period for Brexit
Prime Minister Theresa May will try to kick-start faltering Brexit negotiations on Friday by proposing a new economic and security partnership between Britain and the European Union, plus a transition period after the U.K.’s formal departure in 2019, May’s office said. Downing Street released extracts from a speech the prime minister is set to deliver in Florence, Italy as EU... Read More

Tax changes, anti-rich rhetoric have already inspired big fish to leave: Manley

Tax changes, anti-rich rhetoric have already inspired big fish to leave: Manley
A big Canadian player has quietly picked up his chips and is heading for the exit amid all the tumult over the Trudeau government’s controversial tax proposals. A business owner has informed John Manley, the head of an organization representing Canada’s largest corporations, that he’s moved billions of dollars out of the country since the Liberals announced the proposed changes.... Read More

Provinces, territories push feds to loosen restrictions on infrastructure cash

Provinces, territories push feds to loosen restrictions on infrastructure cash
Provincial and territorial governments are asking the federal Liberals to loosen the strings tied to billions in upcoming infrastructure spending, including more relaxed spending requirements if it means too much of a hit to their budgets. The group is also asking Infrastructure Minister Amarjeet Sohi to let provinces and territories move money between funding programs in case there are greater... Read More

Year-end deadline for new NAFTA looking impossible, trade experts say

Year-end deadline for new NAFTA looking impossible, trade experts say
NAFTA negotiators appear to have adopted the lament of the White Rabbit: “The hurrier I go, the behinder I get.” Battalions of negotiators for Canada, Mexico and the United States have been working at a breakneck pace trying to reach agreement on a revamped North American free trade pact by the end of the year but so far they have... Read More

Prime Minister Trudeau promotes ‘progressive’ NAFTA agenda before U.S. audience

Prime Minister Trudeau promotes ‘progressive’ NAFTA agenda before U.S. audience
Prime Minister Justin Trudeau took his so-called progressive trade agenda to the United States on Tuesday, arguing that worker-friendly policies are key to saving public support for free trade. He made that case in a speech as he arrived in New York for the United Nations General Assembly, and was presented an award for global citizenship by the Atlantic Council... Read More