Daily News

Source: Financialpost January 22, 2025

Trump threatens to double tax rates for foreign nationals, companies

U.S. president orders officials to draw up retaliatory measures against ‘extraterritorial’ taxesDonald Trump has threatened to double tax rates for foreign nationals and companies in the United States to hit back at “discriminatory” levies on American multin...

Source: Financialpost January 22, 2025

Bank of Canada's job 'far from done': What economists are saying about today's inflation data

Economists think quarter-point cut still on the table for next weekCanada’s consumer price index rose 1.8 per cent in December from the year before, less than the 1.9 per cent increase expected by economists, giving the Bank of Canada a final data point befo...

Source: Financialpost January 22, 2025

What becoming the 51st U.S. state would do to Canada's economy

Economists say the winners and losers might surprise you Get the latest from Gabriel Friedman straight to your inbox Sign Up Donald Trump continues to talk about Canada after beginning his second term as United States President on Monday. We apolog...

Economy Source: Financialpost January 22, 2025

'We have a stinker of an economy:' Trump's tariff threat is not Canada's only problem, say economists

Poor productivity multiplies the challenges of geopolitical shocks ahead Get the latest from Naimul Karim straight to your inbox Sign Up Canada needs to start fixing its “stinker” of an economy regardless of whether Donald Trump imposes tariffs next m...

Source: Financialpost January 21, 2025

How Donald Trump's tariff war could hit Canadians' wallets

Low- to middle-income shoppers could be hardest hit, experts sayPrior to his inauguration, United States President Donald Trump threatened to hit Canadian exports with tariffs of up to 25 per cent. In response, Canadian officials have vowed they could retali...

Source: Financialpost January 21, 2025

Trump’s team indicates he won’t hit Canada with tariffs on his first day in office

President will instead sign an executive order to investigate alleged unfair trade and currency practicesOTTAWA — U.S. President Donald Trump’s team is indicating he won’t hit Canada with damaging tariffs on his inauguration day. We apologize, but this vi...

Source: Financialpost January 21, 2025

Canadian dollar gets 'temporary reprieve' as Trump holds off on tariff threat

Loonie was up 1.25% to 69.86 cents U.S. on MondayThe Canadian dollar won a slight reprieve on Monday after Donald Trump did not immediately impose tariffs on imports from Canada on his first day in office. We apologize, but this video has failed to load....

Source: Financialpost January 21, 2025

Trump more hostile to Canada than any other president: Frum

Frum: 'Within the Western Hemisphere, there's a settled plan of aggression'David Frum, staff writer at The Atlantic magazine, talks with the Financial Post’s Larysa Harapyn about how to filter the fact from the fiction with United States president-elect Dona...

Source: Financialpost January 21, 2025

TikTok CEO joins Trump’s inauguration as app’s future remains in doubt

ByteDance has said it doesn’t intend to sell the video-sharing app, valued at an estimated US$40 billion to US$50 billionTikTok chief executive Shou Chew attended president-elect Donald Trump’s inaugural events in Washington, appearing at a church service be...

Source: Financialpost January 21, 2025

Donald Trump to order U.S. exit from the Paris Agreement

Environmentalists excoriated Trump’s decision, saying the U.S. was shirking its responsibility to contend with climate changePresident Donald Trump is ordering the United States to withdraw from the landmark Paris Agreement, launching another retreat in the...