U.S. wants Canada to participate in global economy decoupling from China

U.S. President Joe Biden interacts with Canadian Prime Minister Justin Trudeau in the House of Commons in Ottawa on March 24.Blair Gables/Reuters if joe biden Yes, one of the most important things for Canada’s economic future is happening. The U.S. president just invited Canada to participate in the global economic decoupling, a multinational effort to … Read more

Gordon Pape’s Mailbag: RESP Advice, GAAP Confusion, Meme Stock Madness, and Other Investing Issues

Your questions keep coming, so let’s tackle some through our inbox today. Tax treatment of HHL.U Q – Harvest Healthcare Leaders has units that trade in US dollars on the TSX. For tax purposes, is the income foreign or Canadian? For example, are donations to US-registered charities deductible from income from the charity? HHL.U? – … Read more

North Korea tests two more missiles as tensions escalate

A South Korean Army soldier observes the North Korean side at the Unified Observation Post in Paju, South Korea, near the border with North Korea, on March 24.An Yongjun/Associated Press North Korea fired two short-range ballistic missiles into the sea off its east coast on Monday, adding to a recent string of weapons tests as … Read more

BC announces construction of 330 new homes for homeless in Vancouver’s Downtown Eastside

Tents on Hastings Street, part of the Hastings Tent City in Vancouver, on Feb. 23. The British Columbia government says it will provide 330 new housing units for people living in Vancouver’s downtown east side by the end of June.Rich Lam/The Canadian Press The B.C. government has committed to opening hundreds more short-term housing units … Read more

How Trump’s indictment episode changed the American political landscape

Former President Donald Trump speaks at a campaign rally at the Waco Regional Airport in Waco, Texas, on March 25.CHRISTOPHER LEE/The New York Times News Service One of the axioms espoused by American commentators is that one year is an eternity in American politics. In one of his signature reforms to political principles, donald trump … Read more

Ambassador says Biden’s visit ‘truly conveys’ Canada’s importance to U.S.

Prime Minister Justin Trudeau and U.S. President Joe Biden laugh after Biden addressed parliament at the House of Commons on Parliament Hill in Ottawa, Friday, March 24, 2023. U.S. special envoy David Cohen said Biden’s visit was a real, intimate showcase of Canada’s importance to its southern neighbor.Canadian Press/Sean KilpatrickSean Kilpatrick/The Canadian Press The federal … Read more

PEI reports ‘busy’ turnout in first early vote in provincial election

A voter arrives to vote in the Prince Edward Island provincial election at St. Peter’s Cathedral in Charlottetown, April 2019.Andrew Vaughn/The Canadian Press After more than 13,000 people cast ballots Saturday, Prince Edward Island’s electoral agency described turnout for the first early ballot as “busy.” Elections PEI said about 13 percent of the 105,000 voters … Read more

Travel disruptions hit Germany as transport strike looms

A flight display shows canceled flights at an empty terminal at Munich’s Franz Josef Strauss Airport in southern Germany on March 26.Christoph Stach/AFP/Getty Images An increasing number of German travelers boarded trains and planes on Sunday, the day before a major one-day strike aimed at bringing the country’s transport system to a standstill. But even … Read more

Mitch McConnell leaves rehab after concussion treatment

Senate Republican Leader Mitch McConnell (R-Ky.) said he had been released from a rehab center where he received physical therapy for a concussion.J Scott Applewhite Senate Republican Leader Mitch McConnell said Saturday that he has been released from a rehab center where he received physical therapy after a fall and concussion earlier this month. In … Read more

Big-cap strength masks broader U.S. market woes

Investors are relying on an old strategy to navigate the current turmoil in asset prices: buying shares of big U.S. companies that have led the market higher for years. Shares of the top five companies by market value — Apple, Microsoft, Alphabet, Amazon and Nvidia — have risen between 4.5 percent and 12 percent since … Read more