Browsing: Business

– Multilateral development banks provided approximately US$65 billion in direct financing during 2026, according to data disclosed in Bangkok. This figure is nearly double the $35 billion recorded annually before the COVID-19 pandemic. Low- and middle-income nations are reaping the

In 2025, the European Union’s merchandise exports to Canada totaled 48.8 billion, according to official data, reflecting a steady growth compared to the previous year. This increase underscores the robustness of transatlantic trade and the resilience of global supply chains.

– Costco has increased the online retail cost of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart case. Each package includes two 5-quart bottles across several common viscosity grades. Additionally, the retailer has implemented purchase restrictions

Prime Minister Mark Carney has announced a strengthened federal strategy aimed at boosting domestic manufacturing and ensuring supply chain resilience in light of U.S. trade restrictions. The approach encourages domestic investment, backs key infrastructure projects, and broadens export channels outside

– According to recent models from Oxford Economics, Quebec is expected to experience the largest provincial economic decline due to a fresh wave of U.S. tariffs. The firm projects that these measures will cut Quebec’s annual industrial output by nearly

– Canada will implement tariffs of 15%, 25% and 50% on C$27.6 billion worth of U.S. imports starting September 8. The measures encompass more than 700 tariff items and are aligned with U.S. duty rates, matching each level. Prime Minister

WASHINGTON, D.C. / RankWire.AI / – The US dollar remained close to a three-month low on Thursday amid declining long-term Treasury yields. The dollar index hovered around 98.81 against six key currencies. The euro climbed to approximately $1.1676, reaching its

Official national economic tracking data released on Friday confirms the Canadian economy grew 0.3 per cent in May, extending a broader economic recovery into a second consecutive month and surpassing earlier government forecasts. According to monthly Gross Domestic Product figures

Nova Scotia is investing $250,000 in MB Meat Company, a new beef processing facility in Judique, Inverness County. The province said the site is Cape Breton’s only provincially inspected beef abattoir. The facility provides custom slaughter and cut-and-wrap services for

The Canadian dollar weakened to a 14-month low against the U.S. dollar on Friday, bringing it close to the 70 U.S. cent mark after a sharp week of losses. The loonie traded at 1.4180 per U.S. dollar, or 70.52 U.S.