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Source: Financialpost March 10, 2025

How much does Brookfield really make?

One of the world's most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its global property portfolioIn July last year, part of a Manhattan landmark changed hands. A stake in One Liberty Plaza, the aging former U.S...

Source: Financialpost March 10, 2025

Trump's tariffs keep fixed mortgage rates down, but that's small consolation

Robert McLister: CIBC first Big Six bank to take advertised rates below 4% since April 2022So, how did you enjoy the first month of the Trump presidency? Theoretically, if all someone cared about was mortgage rates, they’d be pretty happy right now. We apo...

Source: Financialpost March 09, 2025

‘Stuck between Trump and a hard place’: Tariff backtrack only provides relief for some

Trump’s latest move means that certain goods from Canada and Mexico will not face tariffs until April 2United States President Donald Trump on Thursday “adjusted” an order imposing tariffs on Canada and Mexico, delaying or reducing levies on many goods until...

Source: Financialpost March 09, 2025

China hits Canada with retaliatory tariffs on canola oil, pork and seafood

Pushes back against Canada's EV and steel and aluminum tariffsChina said it will impose retaliatory tariffs on imports of rapeseed (canola) oil, pork and seafood from Canada as the trade war escalates. We apologize, but this video has failed to load. Try r...

Source: Financialpost March 08, 2025

Trump threatens Canada with tariffs on dairy and lumber 'as early as today'

New duties would be part of reciprocal tariffs president has been proposing Get the latest from Barbara Shecter straight to your inbox Sign Up United States President Donald Trump says he is considering imposing tariffs on Canadian dairy and lumber, p...

Source: Financialpost March 08, 2025

America finding out it’s very difficult to import eggs

The lack of an established egg trade with the United States means local producers have to play catch-upUnited States officials are searching across oceans to find enough eggs to ease a shortage that’s sent prices soaring, forcing grocery stores to limit cust...

Source: Financialpost March 08, 2025

Canadian retailer Hudson's Bay prepares to file for bankruptcy

Founded in 1670, Hudson's Bay has been penalized by years of rising inflation, as have other chains that sell non-essential productsHudson’s Bay, Canada’s oldest retailer, is planning to file for bankruptcy, according to people with knowledge of the matter....

Source: Financialpost March 08, 2025

Costco to reduce Canadian products in U.S. stores in wake of tariffs

Consumers can expect a price increase on items imported from Canada, China and MexicoCostco Wholesale Corp. says it is looking to reduce its reliance on Canadian products in its stores in the United States in response to tariffs from U.S. President Donald Tr...

FP Comment Source: Financialpost March 08, 2025

Jack Mintz: Canada's perilous place in Trump's new world order

The next election should be about whether we negotiate new arrangements with the Americans or tilt toward our allies in Europe and AsiaTwo events this past week clearly demonstrate that the world order has been turned upside down and inside out. The diplomat...

Economy Source: Financialpost March 08, 2025

Trump's trade war flip-flopping is costing Canadian businesses millions — and that's before the tariffs

'The opportunity costs of deals and trades that are not happening are likely staggering' Get the latest from Barbara Shecter straight to your inbox Sign Up United States President Donald Trump’s on-again, off-again tariff threats are costing some Cana...