The volatility of international oil markets hit home again earlier this week, as crude prices tumbled to their lowest levels in more than a year. Just a couple of weeks ago, West Texas Intermediate (WTI) prices — North America’s benchmark for crude oil — were around $75 US a barrel. This week, prices skidded to … Read more
Liberal MPs are calling for a committee investigation of Canadian connections to U.S. allegations that Russia has used state-run media, unwitting influencers and websites to spread disinformation. Last week, the U.S. Justice Department unsealed an indictment against two Russian nationals accusing them of setting up a conservative media outlet as a front for pro-Kremlin propaganda. … Read more
Prime Minister Justin Trudeau has tapped Mark Carney, the former governor of the Bank of Canada, to chair a Liberal party task force on economic growth ahead of the next federal election, the party announced Monday. Carney, whose possible future in politics has been the subject of much speculation, will consult with business, labour and … Read more
Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries including Egypt to Pakistan. Now, both face a challenge from local sodas in those countries due to consumer boycotts targeting the brands as symbols of America, and by extension Israel, at a time of war in … Read more
The federal government says it’s in close contact with its American partners as the Biden administration escalates efforts to halt Canada’s tax on large foreign digital services companies. The Office of the United States Trade Representative has requested dispute settlement consultations with Ottawa under the Canada-U.S.-Mexico trade agreement. “The United States opposes unilateral digital service … Read more
Before Canada said this week it was imposing a 100 per cent duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a Canadian government source told Reuters on Wednesday. Canada, following the lead of the United States, said on Monday it was setting the tariff for all … Read more
Prime Minister Justin Trudeau announced Monday the federal government will reduce the number of temporary foreign workers in Canada after a historic surge that some experts say has fuelled unemployment among immigrants and young people. Trudeau also said the government is considering a reduction to the number of permanent residents Canada accepts each year — a potentially major policy … Read more
Starting next week, the federal government will impose new restrictions on nicotine pouches to make it illegal to sell them anywhere but from behind a pharmacy counter. Beginning August 28, the pouches, which go by the brand name Zonnic, will be completely banned from convenience store and gas station shelves. Berry Frost and Tropic Breeze flavours … Read more
Canada’s foreign affairs minister and the consul general in New York did not influence or direct the purchase of a luxury $9 million residence in the city, a Commons committee was told Wednesday. MPs also heard that the property, which will serve as the official residence for the consul general of Canada in New York, is 50 … Read more
Canada will freeze the approval of new temporary foreign workers in low-wage jobs in the Montreal area starting in September, CBC News has learned. A senior government source said the processing of Labour Market Impact Assessment (LMIA) applications will be suspended for six months, starting on Sept. 3, for job offers with wages below $27.47 per hour … Read more
