Tag: Canada

• Friday, July 20th 2018 - 10:03 UTC

  EU, Mexico and Canada warned they will retaliate if US imposes new tariffs on cars and autoparts

  

  The European Union, Mexico and Canada have said they will retaliate against the US if the White House places new tariffs on foreign cars and vehicle parts. The countries delivered the warning on Thursday to a panel examining whether to recommend the taxes on grounds of national security.

• Tuesday, July 17th 2018 - 08:46 UTC

  US launches five dispute actions in WTO challenging China, EU, Canada, Mexico and Turkey

  

  The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.

• Monday, July 2nd 2018 - 08:17 UTC

  Canadian retaliatory tariffs of US$ 12.6bn on US goods became effective

  

  Canada began imposing tariffs Sunday on US$12.6 billion in U.S. goods as retaliation for the Trump administration's new taxes on steel and aluminum imported to the United States. Some U.S. products, mostly steel and iron, face 25% tariffs, the same penalty the United States slapped on imported steel at the end of May.

• Monday, June 25th 2018 - 08:13 UTC

  EU imposes retaliatory tariffs on US goods: bourbon, motorcycles, orange juice

  

  The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.

• Wednesday, June 20th 2018 - 06:50 UTC

  Canadian parliament approves recreational marihuana

  

  Recreational marijuana may soon be legal in Canada, after both the House of Commons and the Senate approved the Cannabis Act. Legal sales are likely to begin before the end of the boreal summer after the Senate voted 52-29 on Tuesday night to approve the bill, CBC reported.

• Thursday, June 14th 2018 - 21:49 UTC

  Morgan Stanley and Royal Bank of Canada fined in Brazil for rigging foreign exchange rates

  

  Brazil’s competition authority Cade has reached a settlement with Morgan Stanley and Royal Bank of Canada, fining them a combined 42.9 million reals (US$11.6 million) for forming a cartel manipulate FX markets.

• Tuesday, June 12th 2018 - 08:40 UTC

  G6 + 1 summit: PM May sides with Trudeau and pays tribute to his leadership

  

  Prime Minister Theresa May has paid tribute to Canadian PM Justin Trudeau's leadership after a G7 summit which she described as “difficult”. President Donald Trump attacked America's closest allies in tweets after leaving the meeting in Canada. He said Mr Trudeau was “very dishonest and weak” and “acts hurt when called out”.

• Monday, June 11th 2018 - 09:03 UTC

  Trump rejects G7 communiqué and fires that “Fair trade is now to be called fool trade”

  

  US President Donald Trump has fired off a string of angry tweets criticising America's closest allies hours after leaving a divisive G7 summit in Canada. Mr Trump said the US paid “close to the entire cost of Nato” to help protect countries that “rip us off on trade”.

• Monday, June 11th 2018 - 08:20 UTC

  Mexico's future closely linked to oil development no matter who's the next president

  

  Mexican oil output could return to 2 million barrels per day by about 2022 if the next government pursues plans to auction off development blocs to private investors, Energy Minister Pedro Joaquin Coldwell announced. Mexico will elect a new president on July 1 but the front-runner in opinion polls, leftist Andres Manuel Lopez Obrador, has threatened to delay opening up the energy sector to private investment.

• Tuesday, April 24th 2018 - 07:33 UTC

  Toronto: Driver of rental van runs down pedestrians killing ten and injuring 16

  

  The driver of a white rental van who is alleged to have “deliberately” run down pedestrians along a northern stretch of Yonge St. in the Canadian city of Toronto on Monday, killing 10 and injuring 16, has been identified as a 25-year-old man from Richmond Hill, a small town close to the metropolis.