Toronto stocks climb

The energy and technology sectors helped lift Canada’s main stock index in late-morning trading, while U.S. markets also climbed higher. The S&P/TSX composite index was up 46.43 points to 16,313.04, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 97.89 points to 24,454.63. The S&P 500 index was up […]

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Canada could be a leader in international anti-money-laundering efforts

Canada has effective and robust financial regulations and institutions. It could be a leader in global anti-money-laundering and counterterrorism financing. The stability and efficiency of the international financial system are important concerns of the international community. Money laundering is a key transnational challenge facing international financial institutions and individual states, with illicit funds regularly entering […]

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Canada’s immigration system has created a labor shortage

President Donald Trump has expressed support for skills-based immigration policies, where countries make it easier for skilled workers to gain entry. Canada is one such country. But the points-based immigration system there has had an unintended side effect: With the prioritization of high-skilled workers, the country has worsened its low-skill labor shortage, which is entering […]

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Pound Sterling To Canadian Dollar Exchange Rate Flat Ahead Of BOC Rate Decision

On Tuesday, the Pound to Canadian Dollar (GBP/CAD) exchange rate opened in the region of CA$1.7373 and closed trading at a higher level of CA$1.7429. This appreciation for Pound Sterling was mainly because of UK GDP data for May and Q2 2018. The former stats, sourced from the Office for National Statistics, showed that monthly GDP growth […]

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The Canada-U.S. trade relationship will always thrive

Kelly Craft is the U.S. Ambassador to Canada There is a saying in the United States that when the president asks you to serve your country, there is only one answer: yes. When President George W. Bush asked me to serve at the United States Mission to the United Nations in 2007, I was honoured […]

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Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Convenience store catch-up Alimentation Couche-Tard Inc. releases fourth-quarter and year-end results after markets close on Monday. The Laval, Que., -based operator of convenience stores recently signed a deal with Irving Oil to sell 13 and brand 23 retail sites […]

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Bank of Canada hikes key interest rate to 1.5%

OTTAWA—The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions. The rate hike was the central bank’s first interest rate move in six months and lifted the trend-setting rate to 1.5 per cent, up […]

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