Category Archives: Economy
Canada to U.S. on EV tax credits: ‘No choice but to forcefully respond’ if passed
WASHINGTON — Canada suddenly raised the stakes Friday in its ongoing electric-vehicle feud with the United States, threatening a barrage of retaliatory tariffs and a reversal of certain dairy-related trade concessions if Congress approves a controversi...
Anchorage wins lawsuit over failed port construction
ANCHORAGE, Alaska (AP) — Anchorage has won its lawsuit with a federal agency over failed construction at the state’s largest port. U.S. Court of Federal Claims Judge
Canada to U.S. on EV tax credits: ‘No choice but to forcefully respond’ if passed
WASHINGTON — Canada is threatening to take a hard line with the United States if senators approve President Joe Biden's controversial tax credits for electric vehicles. In a letter to key members of the U.S. Senate, Deputy Prime Minister Chrystia Free...
U.S. government deficit down 17% from same period a year ago
WASHINGTON (AP) — The U.S. budget deficit totaled $356.4 billion in the first two months of the budget year, down 17% from the same period a year ago thanks to a sharp jump in government revenues that offset a smaller
Amtrak says it could cut service over vaccination mandate
WASHINGTON (AP) — Amtrak will need to reduce service in January unless more employees get vaccinated against COVID-19, the passenger rail system’s president says. Stephen Gardner says
Labour groups, opposition parties press Liberals to fix GIS clawback in fiscal update
OTTAWA — The federal Liberals are under increasing pressure to fix an issue in the pandemic safety net that has rolled back or cut off benefits to low-income seniors. About 83,000 seniors lost a key income support this year because they
New inflation number feeds angst about Democrats’ $2T bill
WASHINGTON (AP) — Government reports on rising inflation and the potential costs of President Joe Biden's social and environment legislation raised fresh questions Friday about the bill's fate, with both sides hoping the new numbers would influence piv...
Cyprus issues 2nd offshore drilling license to ExxonMobil
NICOSIA, Cyprus (AP) — ExxonMobil and partner Qatar Energy expanded their stake in potential oil and gas deposits off Cyprus by signing a deal with the east Mediterranean island nation Friday for a second exploration license in waters that Turkey
Federal banking regulator OSFI holds domestic stability buffer at 2.5%
OTTAWA — The federal banking regulator is holding the domestic stability buffer at 2.5 per cent as it says the economy continues its recovery and Canada's largest banks remain robust. The Office of the Superintendent of Financial Institutions, which re...
Finland picks Lockheed Martin F-35A in $11B defense deal
HELSINKI (AP) — Finland has agreed to buy 64 Lockheed Martin fighter jets to replace its aging fleet of combat planes in a 10 billion-euro ($11.3 billion) deal that represents the Finnish military's largest ever purchase, the government said Friday.
