Business

EBay Urges Canadian Businesses To Write To Trudeau Over Canada Post Dispute

We're now getting a better idea of what that job action will look like. Canada Post spokesperson Jon Hamilton doubts the threat of an overtime ban will pressure the Crown Corporation to back down, noting the two sides remain far apart on a number of issues.

Business

National Energy Board cancels first day of Energy East hearings after protests

The National Energy Board's review of the Energy East Pipeline is heading into what could be hostile territory when hearings resume today in Montreal. In March, protesters began chanting as soon as Louis Bergeron, Energy East's vice-president for New Brunswick and Quebec, began speaking. The president of a large union of construction workers says his members could benefit for five years from projects related to the pipeline.

Business

Trade dispute, policy divisions hang over Trudeau trip to China

David Mulroney, Canada's ambassador to China from 2009 to 2012, said Canada now "needs to ensure it will have regular meetings with Chinese officials". "China blames his predecessor for the current poor relations but still believes Trudeau could bring changes". "We were very firm in our dealings with China".

Business

German economy minister says EU-US trade talks have failed

Many EU countries are wary about the possibility of the large, mainly Muslim country becoming a member of the bloc and Europe has long anxious that Turkey's anti-terrorism laws are used to quash dissent. Gabriel, who is the country's economy minster, raised eyebrows after being accosted by a group of masked protesters holding banners bearing the slogan "Traitor".

Business

Insurance rates under Affordable Care Act set to spike in 2017

A new HHS analysis finds that HealthCare.gov consumers would continue to have affordable coverage options, even if all marketplace final health insurance premium rates were to increase by double digits next year. Deputy Kansas Insurance Commissioner Clark Shultz said those numbers won't be final until September 23. They created the [problem],' the governor said.

Business

As Fed nears rate hikes, policymakers plan for 'brave new world'

The Gross Domestic Product, that is, the value of everything a nation produces, increased by an annual rate of only 1.1% in the second quarter, according to the "second" estimate released by the Bureau of Economic Analysis . The Toronto Stock Exchange and Wall Street moved higher on Friday morning after Federal Reserve Chair Janet Yellen said the case for raising USA interest rates has strengthened in recent months.


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