Trump’s tariffs will be more painful for Canada than U.S.: economist

Trump’s tariffs will be more painful for Canada than U.S.: economist
TORONTO — The United States is far better equipped than Canada to withstand the use of tariffs as a “sledge hammer” in trade negotiations, even though Americans will also feel some of the pain, CIBC chief economist Avery Shenfeld said Tuesday. Some Americans will face higher costs on imported goods from Canada but U.S. producers will be at a smaller risk because their home market is so much... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,280.09, up 96.13 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 26 cents, or 2.68 per cent, to $9.43 on 9.9 million shares. The medical marijuana producer has signed a loan deal with the Bank of Montreal (TSX:BMO). Bank. Down 16 cents, or 0.16 per... Read More

Study predicts Trans Mountain pipeline purchase will add to federal deficit

Study predicts Trans Mountain pipeline purchase will add to federal deficit
CALGARY — A study by a sustainable energy research group predicts the federal government’s purchase of the Trans Mountain pipeline will add significantly to the deficit next year. The study released Tuesday by the Institute for Energy Economics and Financial Analysis said buying the Kinder Morgan Canada assets, plus planning and construction costs, will put $6.5 billion in unplanned spending on the books for... Read More

Finance ministers talk trade as feds told to ‘look before you leap’ on tariffs

Finance ministers talk trade as feds told to ‘look before you leap’ on tariffs
OTTAWA — Finance ministers from across the Canadian federation were gathered Tuesday in the national capital to explore a number of challenges weighing on their economies — with a particular focus on the intensifying trade dispute with the United States. The twice-yearly gathering of finance chiefs began just days before Canada is set to impose retaliatory tariffs on U.S. products. The federal government’s move,... Read More

Aurora Cannabis signs loan deal for up to $250 million with Bank of Montreal

Aurora Cannabis signs loan deal for up to $250 million with Bank of Montreal
EDMONTON — Aurora Cannabis Inc. has signed a loan deal with the Bank of Montreal for up to $250 million. Aurora chief executive Terry Booth called it the largest traditional debt facility in the cannabis industry to date. Under the agreement, Aurora will receive a $150-million term loan and a $50-million revolving credit facility, both of which will mature in... Read More

Toronto, Vancouver tie as most expensive Canadian cities in new survey

Toronto, Vancouver tie as most expensive Canadian cities in new survey
An annual cost of living survey shows Toronto and Vancouver are Canada’s most expensive cities. Mercer’s survey ranks more than 375 cities around the world and considers factors like the cost of housing, transportation, food, clothing and other expenses compared to New York City as the base. In this year’s ranking Toronto advanced 10 spots to the 109th spot and... Read More