Canada plans to provide a jolt to its economy by increasing military spending and rewarding domestic companies with contracts that it believes will spur job growth over the coming years, according to a new report.
Tag: Canada
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MORE COUNTRIES SEE THE U.S. AS A TOP SECURITY THREAT
President Donald Trump’s approach to foreign policy has countries increasingly seeing the U.S. as a security risk, according to a newly released Munich Security Index.
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CANADA LIFTS MOST RETALIATORY TARIFFS AGAINST THE U.S.
On 22 August, Canada lifted about half of the retaliatory tariffs it had imposed on U.S. imports after Donald Trump laid a 25-percent levy on Canadian steel and aluminum.
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CANADA’S CENTRAL BANK: TRADE WAR COULD PROMPT JOB LOSSES, RATE CUT
Officials at the Bank of Canada (BoC) are closely tracking job losses in manufacturing and other parts of the economy most exposed to Donald Trump’s 25-percent tariffs.
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CANADA RAMPS UP MILITARY SPENDING
Mark Carney, the Canadian prime minister, announced last week that Ottawa will immediately add another $6.8 billion to its military budget for the year to meet NATO’s 2-percent-of-GDP demand—earlier than the 2030 target he set during his campaign.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. added 228,000 jobs in March, while the unemployment rate rose from 4.1 percent to 4.2 percent, according to the Labor Department’s job report for March.
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EU PLANS MAJOR WEAPONS SHOPPING SPREE AMID SO-CALLED THREAT FROM RUSSIA
European countries see the potential of revitalizing their economies as they plan to spend hundreds of billions of dollars on military advancements amid what they see as a direct threat from a resurgent Russia.
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CANADIAN BUSINESSES LOSE CONFIDENCE AS TARIFFS LOOM
Confidence in Canada’s economy among small business owners sank for the third month in a row in the newest survey by the Canadian Federation of Independent Businesses (CFIB).
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TRUMP WILL ATTACH 25-PERCENT TARIFF TO ALL IMPORTED STEEL, ALUMINUM
Donald Trump will place a 25-percent tariff on all steel and aluminum imported into the U.S., he announced on 9 February, including those from Canada and Mexico, both major suppliers of the metals.
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TRUMP’S GREENLAND TAKEOVER: HYPE OR REALITY?
U.S. President-elect Donald Trump’s desire to annex Greenland and his coyness on whether he would resort to using military force to take over the world’s largest and mineral-rich island has some investors on edge about doing future business on the territory.