CashNews.co A BRP logo is shown in Valcourt, Que., Friday, November 9, 2012. THE CANADIAN PRESS/Graham Hughes. (The Canadian Press) Shares of Canadian power sports manufacturer BRP (DOO.TO)(DOOO) have erased much of their pandemic-era gains, and continue to fall, as analysts slash price targets for the Ski-Doo and Sea-Doo maker’s stock. The Quebec-based company cut […]
CashNews.co B.C. is on track to become one of the biggest debtor provinces in Canada. (Credit: Adrian Wyld) By Ben Eisen and Tegan Hill In recent years, the British Columbia government has run large budget deficits and racked up massive amounts of debt. However, British Columbians may not be fully aware of the sheer scale […]
CashNews.co 5 min read Last Updated : Sep 11 2024 | 8:13 AM IS Canada has suspended the processing of Labour Market Impact Assessments (LMIAs) under the Low-Wage stream of the Temporary Foreign Worker Program (TFWP) for regions with unemployment rates of 6% or higher. This means that employers in these areas will […]
CashNews.co OTTAWA (Reuters) – Canada said on Tuesday it was considering a potential surtax on Chinese critical mineral products, batteries and parts, solar products, and semiconductors, a move which could prompt more retaliation from Beijing. Canada announced last month it would impose a 100% tariff on imports of Chinese electric vehicles and announced a 25% […]
CashNews.co Storm clouds gather on Parliament Hill in Ottawa. The government has left Canada’s economy in a mess, says David Rosenberg. (Credit: Adrian Wyld) The announcement that the New Democratic Party is splintering from its coalition with the Liberals served as a reminder of what a colossal mess the government has left the national economy. […]
CashNews.co NANAIMO, B.C. — Finance Minister Chrystia Freeland says the required consultation period to impose tariffs on more clean energy goods coming from China will begin today. The move follows a decision in August to hike tariffs on Chinese-made electric vehicles from six to 106 per cent effective Oct. 1. Tariffs of 25 per cent […]
CashNews.co (Bloomberg) — A C$1 billion ($735 million) bond deal to finance an investment group’s purchase of gas pipelines fell apart due to a financial-modeling mistake, according to analysts at Bank of Nova Scotia. Aspen Investments LP sold the bond last week, with the proceeds earmarked to buy an interest in TC Energy Corp.’s network […]
CashNews.co A consultation document pertaining to the design of the Government of Canada debt distribution framework, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. In light of the evolving market landscape, the document seeks the views of Government Securities Distributors (GSDs), institutional investors and other interested parties […]
CashNews.co Buying the latest Apple iPhone is always exciting, but it comes with a hefty price tag. For instance, the newly launched iPhone 16, which was unveiled in September 2024, starts at Rs 79,900 for the 128GB version. The iPhone 16 Plus, with the same storage, costs Rs 89,900. For those eyeing the premium models, […]
CashNews.co MONTREAL — Air Canada is preparing for a potential shutdown of most operations next week as it says contract talks with its pilots’ union remain far apart. The airline said Monday that some services such as freight are already being affected and it would have to start grounding aircraft as early as Friday ahead […]