Business And Finance

No matter the politics, Trump's wall could provide jobs, stimulus if recession strikes: Don Pittis

If a U.S. recession is around the corner, the construction of President’s Donald Trump’s wall on the Mexican border could be an economic godsend. Last week, the world’s most powerful central banker, U.S. Fed Chair Jerome Powell, assured us that economic growth would continue in 2019. Bank of Canada governor Stephen Poloz has been similarly optimistic. But the forecasts after that are more ...

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10 years after expropriation, Abitibi waste still in the ground

A decade after the provincial government became the owner of a shuttered mill, whatever toxic mess lies beneath has yet to be cleaned up. In 2008, when Abitibi Consolidated announced it was closing its Grand Falls-Windsor paper mill, the Danny Williams government reacted by expropriating the company’s assets. Among them, the provincial government would later learn, was the mill building ...

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Texting service used by schools complains about fees charged by Bell, Rogers

Two of Canada’s largest mobile phone services are being targeted by a social media campaign launched by Remind.com, a San Francisco-based company that provides a free two-way texting service for teachers, students and parents. Remind is calling on its Canadian users — nearly one million individuals, according to the company — to pressure Rogers and Bell to reverse a recent ...

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The trend toward tiny hits retail as stores deal with high costs in Toronto, Vancouver

Customers who don’t work in the building that houses Kento Kitayama’s tiny cafe near Vancouver’s Gastown neighbourhood better be prepared to settle for takeout. He can only take orders through a little window facing the sidewalk. Iktsuarpok Coffee Stand, which opened late last month, has no seating and sparse furnishings. Kitayama could likely stand in the middle of the roughly ...

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U.S., China leave next steps for trade talks unclear

The United States says talks in Beijing on ending a bruising trade war focused on Chinese promises to buy more American goods, but gave no indication of progress on resolving disputes over Beijing’s technology ambitions and other thorny issues. China’s Ministry of Commerce said Thursday the two sides would “maintain close contact.” But neither side gave any indication of the next ...

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Algoma Steel Inc. getting help from governments as tariff squeeze continues

Federal and provincial ministers will arrive in Sault Ste. Marie, Ont. Thursday afternoon to announce financing for new investments at Algoma Steel Inc. as it emerges from three years of bankruptcy protection. The restructuring of the company — Canada’s second-largest steel producer — took place under challenging and uncertain circumstances. There’s no sign of U.S. steel tariffs ending soon, for example, despite what ...

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