Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– A trio of federal cabinet ministers will meet with Republican lawmakers and business groups in Washington, D.C. this week in an attempt to dissuade United States President Donald Trump from imposing 25 per cent tariffs on Canadian goods entering the U.S. Energy and Natural Resources Minister Jonathan Wilkinson, Industry Minister François-Philippe Champagne and Defence Minister Bill Blair are a part of the group. International Trade Minister Mary Ng said in an interview with CTV on Wednesday that Canada will not make concessions on supply management during negotiations. She did not answer clearly when asked if Canada would remove the Digital Services Tax.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– Nearly 50 managers for Canada Post were laid off on Thursday amidst dire financial straits for the Crown corporation. Half of those jobs were in Ottawa with others in Toronto, Montreal and other regions. Last month, Canada Post fired three senior executives and cut 20 per cent of its senior management.
– Estonia, Latvia and Lithuania will end electricity grid connections with Russia and Belarus on Saturday before connecting with its European Union neighbours. All remaining transmission lines between the three Baltic states and Russia and Belarus will be disconnected one by one, after which the Baltic power grid will operate in “island operation mode” for 24 hours. Then, the power system will merge with the Continental Europe and Nordic grids. Russia and Belarus were informed of the three countries’ plans in July.
