Article content (Bloomberg) — Donald Trump said Canadian Prime Minister Justin Trudeau committed to working to address the border and fentanyl smuggling, key issues that have led the incoming US president to threaten massive tariffs. Article content Trump, in a Truth Social post on Saturday, called their dinner Friday night at his Mar-a-Lago residence in […]
Article content (Bloomberg) — Mexico is planning to carry out a “cleaning” operation across the country to combat the flow of illegal merchandise entering the country mainly from China, according to the Economy Ministry. Article content The ministry will lead searches across all 32 Mexican states, including ports and airports, Economy Minister Marcelo Ebrard said […]
Breadcrumb Trail Links PMN Business Canadian satellite operator Telesat Corp. is preparing to kick off talks with lenders over at least $1.7 billion in debt that currently trades at distressed levels, its chief executive officer said. Author of the article: Bloomberg News Thomas Seal and Curtis Heinzl Published Nov 28, 2024 • 3 minute read […]
Breadcrumb Trail Links PMN Business Direct Line Insurance Group Plc rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, rebuffing the second suitor this year. Author of the article: Bloomberg News Eyk Henning, Dinesh Nair and Jan-Henrik Förster Published Nov 27, 2024 • 2 minute read The Direct Line logo displayed on a […]
Article content (Bloomberg) — Auto insurance is poised to become even more expensive under President-elect Donald Trump’s plan to impose new tariffs on top US trading partners. Article content About 60% of replacement parts used to repair cars in the US are imported, mainly from Mexico, China and Canada, said Bob Passmore, a vice president […]
Breadcrumb Trail Links PMN Business Mexico is looking beyond the incoming Trump administration’s threats of tariffs, betting on a bright future for global merchandise trade no matter what actions its northern neighbor and biggest trading partner takes. Author of the article: Bloomberg News Alex Vasquez Published Nov 23, 2024 • 4 minute read Captain Luis […]
Breadcrumb Trail Links PMN Business Weeks after the start of her government, Mexican President Claudia Sheinbaum is giving signs that she’ll come down on the side of the US over China, if she’s forced to choose. Author of the article: Bloomberg News Maya Averbuch Published Nov 17, 2024 • 6 minute read Mexican President Claudia […]
Article content (Bloomberg) — Canadian women’s clothing retailer Groupe Dynamite Inc. launched its initial public offering with a dual-class share structure and a valuation of C$2.3 billion ($1.7 billion), a deal that would cement its top executive as a billionaire. The company behind the Garage and Dynamite chains said in public filings that Andrew Lutfy, […]
Article content (Bloomberg) — Prime Minister Justin Trudeau warned that US workers would suffer the consequences of any tariffs or trade barriers imposed on Canadian goods by Washington. “The interconnectedness between the supply chains in Canada and the United States, the reliableness of Canada as a partner to so many, and so much of the […]
Article content (Bloomberg) — Canadian asset manager Fiera Capital Corp. is losing a C$5.5 billion ($4 billion) mandate as another fund manager ends its sub-advisory deal with the firm. Fiera announced Friday that Canoe Financial LP will end the companies’ arrangement in January, which involves both Fiera and PineStone Asset Management Inc., a firm run […]