In Congress, a mounting push to bring Latin American countries under USMCA umbrella
By The Canadian Press on September 14th, 2023
WASHINGTON – Two members of Congress want to invite Latin American countries to join Canada’s trade agreement with the United States and Mexico. Louisiana Republican Sen. Bill Cassidy and Sen. Michael Bennet, a Democrat from Colorado, say they want to create a Western Hemisphere trading bloc to combat China. They say expanding the U.S.-Mexico-Canada Agreement ... Read More »
Be the first to comment!Robert Miller, accused of paying minors for sex, to sell Future Electronics for $5B
By The Canadian Press on September 14th, 2023
Montreal billionaire Robert Miller, who faces a class-action lawsuit alleging he paid underage girls for sex, is selling his company Future Electronics Inc. for more than $5 billion to a Taiwanese semiconductor distributor. WT Microelectronics Co. says it has signed an agreement to acquire 100 per cent of the company’s shares for US$3.8 billion – ... Read More »
Be the first to comment!Major life insurers taking steps, but falling short on climate action: report
By The Canadian Press on September 14th, 2023
TORONTO – A new report from an advocacy group finds two of Canada’s biggest insurers are taking steps toward climate action, but still have a ways to go. The report from Investors for Paris Compliance says climate action from Sun Life Financial Inc. and Manulife Financial Corp. is important because they are Canada’s first and ... Read More »
Be the first to comment!U.S. benchmark oil price tops US$90 a barrel for first time since November 2022
By The Canadian Press on September 14th, 2023
TORONTO – The U.S. benchmark price of oil has topped US$90 per barrel for the first time since late last year. The October futures contract for West Texas Intermediate (WTI) light sweet crude oil was up US$1.57 at US$90.09 in late-morning trading after going as high as US$90.26. The last time the U.S. benchmark oil ... Read More »
Be the first to comment!Federal government will remove GST on new rental housing builds, senior source says
By Dylan Robertson, The Canadian Press on September 14th, 2023
LONDON, Ont. – Prime Minister Justin Trudeau will announce Thursday that Ottawa is removing the GST on construction of new rental apartment buildings, according to a senior government source. The source spoke on the condition of anonymity to discuss matters that were not yet public. The change would lower the cost of labour and materials ... Read More »
Be the first to comment!Talks between Serbia and Kosovo break down again. The EU says their hopes of joining are at risk
By Lorne Cook, The Associated Press on September 14th, 2023
BRUSSELS (AP) – Kosovo and Serbia on Thursday failed yet again to make progress in talks aimed at improving their long-strained relations, and the European Union’s top diplomat warned that the lack of progress could hurt their hopes of joining the bloc. EU foreign policy chief Josep Borrell, who supervised the talks in Brussels, blamed ... Read More »
Be the first to comment!S&P/TSX composite up more than 200 points, U.S. stock markets also rally
By The Canadian Press on September 14th, 2023
TORONTO – Canada’s main stock index was up more than 200 points as strength in base metal stocks helped lead in a broad-based rally and the price of oil reached US$90 per barrel, while U.S. stock markets also pushed higher. The S&P/TSX composite index was up 202.44 points at 20,481.38. In New York, the Dow ... Read More »
Be the first to comment!Laurentian Bank shares fall as it concludes review without deal to sell
By The Canadian Press on September 14th, 2023
MONTREAL – Shares of Laurentian Bank were down more than 10 per cent in morning trading after it announced it had completed its review of strategic options without a deal to sell the bank. The Montreal-based bank said Thursday it has decided that its best path forward to drive shareholder value is an accelerated evolution ... Read More »
Be the first to comment!Wholesale sales excluding petroleum products and oilseeds and grains up in July
By The Canadian Press on September 14th, 2023
OTTAWA – Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, grew 0.2 per cent to $81.3 billion in July. The agency says the increase came as the motor vehicle and motor vehicle parts and accessories subsector and the building material and supplies subsector drove the overall ... Read More »
Be the first to comment!Transat reports profit for first time since 2019, beating expectations
By Christopher Reynolds, The Canadian Press on September 14th, 2023
MONTREAL – Transat AT Inc. reported its highest net income ever for a third quarter, as it turned a profit for the first time since 2019, prompting a sunnier financial forecast for the year. The travel company, which owns Air Transat, said revenue in the three months ended July 31 were nearly seven per cent ... Read More »
Be the first to comment!‘One family, one lawyer’ model promises to save divorcing couples time and money
By Amanda Stephenson, The Canadian Press on September 14th, 2023
Edmonton lawyer Melissa Bourgeois had been practicing family law for more than a decade when she had what she calls her “lightbulb moment.” After years of helping couples navigate amicable divorces – ones where spouses aren’t actively fighting, but simply choosing to go their separate ways – Bourgeois heard about a unique legal service being ... Read More »
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