Economy

Economy · 18 d ago

Huangdan2060 · CC BY 3.0 · Wikimedia Commons

Canadian dealers sue Chinese equipment maker XCMG, alleging fraud

5 pages

Dealers in several provinces allege in civil suits that the Chinese state-owned company tampered with serial number plates to sell older machines as newer ones. A Saskatchewan dealer, LTR Equipment in Quebec and a lift company in Ontario have filed cases.

Economy · 18 d ago

Shanmugamp7 · CC BY-SA 4.0 · Wikimedia Commons

Air Canada and United sign a deal to renew their Canada-US joint venture

3 pages

The airlines have worked together on some routes between Canada and the United States since 2022. The renewed and expanded agreement now goes to Transport Canada for approval.

Economy · 18 d ago

Coffee prices stay volatile even as a big surplus approaches

4 pages

Exchange-certified stockpiles of arabica beans are at their lowest since 1999, pushing prices close to this year's highs, near US$3.50 a pound.

Economy · 18 d ago

MeanieHyaena · CC BY 4.0 · Wikimedia Commons

US budget deficit rises to US$1.99 trillion, the largest in five years

4 pages

The deficit grew by US$217 billion in the fiscal year that ended Sep 30, the first full year of Donald Trump's second term, according to Treasury Department figures. It is the third-largest annual deficit ever.

Economy · 18 d ago

Caroline Martin · CC BY-SA 3.0 igo · Wikimedia Commons

European Investment Bank applies for an exemption to operate in Canada

4 pages

The European Union's lending arm has applied for an exemption from foreign bank status, a request published on Friday in the Canada Gazette. It would bring the bank one step closer to operating in Canada.

Economy · 18 d ago

Robert Taylor from Stirling, ON, Canada · CC BY 2.0 · Wikimedia Commons

Cut off from the US by tariffs, Canada's wool industry looks overseas

5 pages

In August, the United States began charging 50 per cent tariffs on raw wool from Canada and some finished wool products, cutting producers off from US buyers.

Economy · 18 d ago

LaTerreACotta · CC BY-SA 4.0 · Wikimedia Commons

Two reports call for more help for small businesses in Quebec and Canada

6 pages

A Senate committee led by Senators Clément Gignac and Toni Varone reported on Oct 14 that small and medium-sized businesses struggle to get capital and credit. It blames a financial sector concentrated in a few large institutions.

Economy · 18 d ago

Sophie Bouquillon · CC BY 4.0 · Wikimedia Commons

Canada and India move closer to a trade deal after a week of talks

6 pages

International Trade Minister Maninder Sidhu led nearly 300 Canadian businesses to New Delhi, Bengaluru and Mumbai. The mission brought 34 commercial agreements worth almost $300 million, according to his office.