Tag #Canada

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theglobeandmail.com

🌐 75% Global Worthiness

Mar 7, 16:11

One Million Canadians Face Higher Mortgage Payments in 2025

Rising Canadian interest rates are causing significant financial strain for around one million mortgage holders in 2025, with many facing substantially higher monthly payments and some missing payments altogether, particularly in Ontario where high home prices exacerbate the issue.

One Million Canadians Face Higher Mortgage Payments in 2025

Rising Canadian interest rates are causing significant financial strain for around one million mortgage holders in 2025, with many facing substantially higher monthly payments and some missing payments altogether, particularly in Ontario where high home prices exacerbate the issue.

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Reduced Inequality

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What is the immediate impact of rising interest rates on Canadian mortgage holders, and how widespread is this effect?

In 2025, approximately one million Canadian mortgage holders will face higher monthly payments due to increased interest rates, with a quarter experiencing over \$150 increases. This is significantly impacting Ontario, where over 11,000 borrowers missed payments in Q4 2024, triple the 2022 figure.

theguardian.com

🌐 90% Global Worthiness

Mar 6, 22:12

Trump's Tariffs Spark Canadian Nationalism and Political Upheaval

Following Justin Trudeau's resignation, Donald Trump imposed illegal 25% tariffs on Canadian goods, falsely citing border issues, sparking Canadian nationalism and market volatility; the upcoming Liberal leadership race will influence Canada's response.

Trump's Tariffs Spark Canadian Nationalism and Political Upheaval

Following Justin Trudeau's resignation, Donald Trump imposed illegal 25% tariffs on Canadian goods, falsely citing border issues, sparking Canadian nationalism and market volatility; the upcoming Liberal leadership race will influence Canada's response.

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Peace, Justice, and Strong Institutions

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How did Trump's actions unexpectedly affect Canadian domestic politics?

Trump's actions, a breach of NAFTA, stem from his hostility towards Canada and aim to strengthen the US at its neighbor's expense. This aggression backfired, unifying Canadians and unexpectedly reviving the Liberal party's poll numbers.

theglobeandmail.com

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Mar 6, 01:10

Trade War Impacts Global Markets, Threatens Canadian Economy

The trade war is causing global stock market declines, as seen in the falling S&P 500, prompting investors to seek safety in bonds, lowering yields. Simultaneously, Canada faces potential job losses and a housing market slowdown.

Trade War Impacts Global Markets, Threatens Canadian Economy

The trade war is causing global stock market declines, as seen in the falling S&P 500, prompting investors to seek safety in bonds, lowering yields. Simultaneously, Canada faces potential job losses and a housing market slowdown.

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Decent Work and Economic Growth

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What is the most immediate and significant impact of the trade war on global financial markets and investor sentiment?

The ongoing trade war is significantly impacting key economic indicators. The S&P 500, a crucial global index, is falling, reflecting investor concern over President Trump's policies. Simultaneously, Canadian bond yields are decreasing, indicating investor flight to safety and anticipation of economic slowdown.

theglobeandmail.com

🌐 85% Global Worthiness

Mar 6, 04:13

US Tariffs Threaten to Shut Down North American Auto Industry

US President Trump's 25% tariffs on Canadian and Mexican auto parts, coupled with impending metal tariffs, threaten to cost the industry billions and cause widespread plant closures, prompting concerns from Linamar Corp. executive chair Linda Hasenfratz and industry leaders.

US Tariffs Threaten to Shut Down North American Auto Industry

US President Trump's 25% tariffs on Canadian and Mexican auto parts, coupled with impending metal tariffs, threaten to cost the industry billions and cause widespread plant closures, prompting concerns from Linamar Corp. executive chair Linda Hasenfratz and industry leaders.

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How does the just-in-time manufacturing model of the auto industry exacerbate the negative impacts of the US tariffs?

The tariffs' impact extends beyond Linamar, affecting the entire North American auto industry's integrated supply chain. The just-in-time production model, where plants rely on close proximity to suppliers, makes rapid relocation or restructuring impossible. This creates a significant risk of widespread production disruptions and job losses.

europe.chinadaily.com.cn

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Mar 6, 04:13

Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month exemption from 25% tariffs on Mexican and Canadian auto imports to Ford, General Motors, and Stellantis, following industry pleas, although reciprocal tariffs will take effect April 2nd; this comes despite the Tax Foundation's prediction of a 0.2% GDP reduction, 2...

Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month exemption from 25% tariffs on Mexican and Canadian auto imports to Ford, General Motors, and Stellantis, following industry pleas, although reciprocal tariffs will take effect April 2nd; this comes despite the Tax Foundation's prediction of a 0.2% GDP reduction, 2...

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Decent Work and Economic Growth

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What are the immediate economic consequences of President Trump's decision to grant a one-month tariff exemption to major US automakers?

President Trump granted a one-month exemption from the newly imposed 25% tariffs on Mexican and Canadian auto imports to Ford, General Motors, and Stellantis. This follows pleas from industry leaders and will allow the automakers to continue importing vehicles without the added tariff cost for one month. Reciprocal tariffs will still go into effect on April 2nd.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Mar 6, 04:13

Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month tariff exemption to Ford, General Motors, and Stellantis on auto imports from Mexico and Canada, despite the March 4th implementation of a 25% tariff under the USMCA; reciprocal tariffs will resume April 2nd, potentially impacting jobs and GDP.

Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month tariff exemption to Ford, General Motors, and Stellantis on auto imports from Mexico and Canada, despite the March 4th implementation of a 25% tariff under the USMCA; reciprocal tariffs will resume April 2nd, potentially impacting jobs and GDP.

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How does President Trump's tariff strategy on imports from Mexico and Canada relate to the rules of origin stipulated in the USMCA?

Trump's decision to temporarily exempt automakers from the tariffs highlights the economic pressures resulting from his protectionist trade policies. While he defended his tariff strategy in a recent Congressional address, acknowledging potential 'disturbances', the Tax Foundation estimates that the tariffs could reduce long-term GDP by 0.2 percent and eliminate 223,000 jobs.

theglobeandmail.com

🌐 75% Global Worthiness

Mar 7, 16:12

Alberta Seeks to Send Unused Children's Medicine to Ukraine Amidst Procurement Scandal

Alberta is exploring options to ship 1.4 million bottles of children's medicine, purchased from Turkey for \$20.4 million, to Ukraine due to safety concerns and an oversupply after a North American shortage subsided. The deal is under scrutiny due to allegations of inflated contracts and improper pr...

Alberta Seeks to Send Unused Children's Medicine to Ukraine Amidst Procurement Scandal

Alberta is exploring options to ship 1.4 million bottles of children's medicine, purchased from Turkey for \$20.4 million, to Ukraine due to safety concerns and an oversupply after a North American shortage subsided. The deal is under scrutiny due to allegations of inflated contracts and improper pr...

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Good Health and Well-being

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What are the immediate consequences of Alberta's decision to potentially ship unused children's medicine to Ukraine?

Alberta purchased 1.5 million bottles of children's acetaminophen and ibuprofen from Turkey for \$70 million to address a medicine shortage, but halted its use after discovering increased risks in neonatal patients and children disliking the taste. The province now seeks to ship the remaining 1.4 million bottles to Ukraine at an estimated cost of \$275,000, facing challenges in logistics and potential risks.

theglobeandmail.com

🌐 85% Global Worthiness

Mar 6, 01:10

25 Canadians Charged in US$21-Million Grandparent Scam

Twenty-five Canadians face charges in a US$21-million grandparent scam that targeted elderly Americans between summer 2021 and June 2024, using VoIP, ride-sharing services, and cryptocurrency to launder money.

25 Canadians Charged in US$21-Million Grandparent Scam

Twenty-five Canadians face charges in a US$21-million grandparent scam that targeted elderly Americans between summer 2021 and June 2024, using VoIP, ride-sharing services, and cryptocurrency to launder money.

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Reduced Inequality

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How did the perpetrators use technology and organizational strategies to enhance the effectiveness of their scam?

This sophisticated, cross-border operation highlights the increasing prevalence of impersonation fraud, leveraging technology to enhance deception. The scam's success underscores the vulnerability of elderly individuals to emotional manipulation and the challenges in tracking transnational criminal activities. The use of aliases and call center rotation demonstrates a high level of organization.

theglobeandmail.com

🌐 85% Global Worthiness

Mar 6, 04:13

Canada's Trade War Response: Relief Package Showdown

Canadian political leaders disagree on how to handle the potential economic fallout of a trade war with the U.S., with Premier Doug Ford advocating for large-scale relief packages while federal Conservative Leader Pierre Poilievre prefers targeted worker relief and tax cuts, using the revenue from c...

Canada's Trade War Response: Relief Package Showdown

Canadian political leaders disagree on how to handle the potential economic fallout of a trade war with the U.S., with Premier Doug Ford advocating for large-scale relief packages while federal Conservative Leader Pierre Poilievre prefers targeted worker relief and tax cuts, using the revenue from c...

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Decent Work and Economic Growth

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How do the proposed economic relief plans of Premier Ford and Leader Poilievre differ in their approaches and resource allocation?

The differing responses to the potential job losses stem from contrasting economic philosophies. Ford's approach prioritizes immediate support for affected workers, mirroring the pandemic response, while Poilievre's focus is on broader tax cuts to stimulate the economy. The contrast underscores a fundamental political divide on how to handle economic crises and distribute resources.",

theglobeandmail.com

🌐 85% Global Worthiness

Mar 6, 04:13

Canada Invests in Candu Reactor While Funding US Nuclear Projects Amidst Trade Disputes

The Canadian government announced a $304-million loan to AtkinsRéalis for Monark reactor development, a modernized Candu reactor using domestically sourced uranium, while simultaneously funding American-designed reactors requiring enriched uranium from the US or Russia, creating a complex energy str...

Canada Invests in Candu Reactor While Funding US Nuclear Projects Amidst Trade Disputes

The Canadian government announced a $304-million loan to AtkinsRéalis for Monark reactor development, a modernized Candu reactor using domestically sourced uranium, while simultaneously funding American-designed reactors requiring enriched uranium from the US or Russia, creating a complex energy str...

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Affordable and Clean Energy

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How does the government's simultaneous funding of both Canadian and American reactor technologies reflect Canada's broader energy policy goals?

This dual approach reflects Canada's strategic energy priorities: supporting domestic technology and securing diverse energy sources. While the Candu investment prioritizes energy security by using domestically sourced uranium, the funding for American reactors indicates a reliance on foreign technology for diversification. This strategy balances domestic interests with the need for a robust energy supply.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Mar 6, 04:13

Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month exemption from 25% tariffs on Mexican and Canadian auto imports to Ford, General Motors, and Stellantis, following industry pleas, while reciprocal tariffs take effect April 2, despite projected negative economic consequences including GDP reduction and job losses...

Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month exemption from 25% tariffs on Mexican and Canadian auto imports to Ford, General Motors, and Stellantis, following industry pleas, while reciprocal tariffs take effect April 2, despite projected negative economic consequences including GDP reduction and job losses...

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How does this tariff exemption affect the overall goals and effectiveness of the USMCA trade agreement?

This temporary tariff exemption highlights the ongoing tension between Trump's protectionist trade policies and the needs of major American automakers. The USMCA, designed to encourage regional production, is directly impacted by these tariffs and the resulting exemption underscores the complexities of balancing economic nationalism with established trade agreements. The exemption is a short-term solution that does not address underlying concerns about the broader economic consequences of the tariffs.

nbcnews.com

🌐 85% Global Worthiness

Mar 6, 04:13

Retaliatory Tariffs Result in Removal of U.S. Liquor from Canadian Stores

In response to the Trump administration's 25% tariffs on Canadian and Mexican goods, Canada and Mexico retaliated with their own tariffs, leading to the removal of U.S. liquor from Canadian stores and impacting U.S. businesses and potentially 31,000 American jobs according to the Distilled Spirits C...

Retaliatory Tariffs Result in Removal of U.S. Liquor from Canadian Stores

In response to the Trump administration's 25% tariffs on Canadian and Mexican goods, Canada and Mexico retaliated with their own tariffs, leading to the removal of U.S. liquor from Canadian stores and impacting U.S. businesses and potentially 31,000 American jobs according to the Distilled Spirits C...

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What are the immediate economic consequences of the retaliatory tariffs imposed by Canada and Mexico on U.S. goods?

In response to the Trump administration's 25% tariffs on Canadian and Mexican goods, Canada and Mexico have retaliated with their own tariffs, leading to the removal of U.S. liquor products from Canadian stores. This directly impacts U.S. businesses, as evidenced by empty shelves in Canadian stores and statements from Canadian government officials confirming the halt of U.S. alcohol purchases.

Showing 1,321 to 1,332 of 2,209 results