Previously exempt from U.S. tariffs under CUSMA, Canadian made model trains, along with toys, dolls, puzzles and other scale models, are being priced out of the market south of the border. (Credit: Luke Hendry/Postmedia)
It’s Friday, Oct. 9. Here are the top stories we’re following today.
Many small business owners are concerned that Canada’s trade war with the United States could have long-term, potentially permanent consequences, if it goes on too long. According to data from the Canadian Federation of Independent Businesses, more than 53,000 small and medium-sized businesses are directly impacted by the levies.
Job postings line bulletin boards at a CAW job action centre in London, Ont.
Canada loses 68,000 jobs, pushing unemployment rate higher
The Canadian economy shed 68,000 jobs in September, driving the unemployment rate up to 6.5 per cent and reinforcing the case for caution at the Bank of Canada, economists said.
To be eligible for the rebate, the heat pumps must be on the government’s ‘eligible products list,’ which has more than 100,000 options.
Here’s how Carney’s $2 billion home retrofit program works
Prime Minister Mark Carney recently announced a $2 billion rebate program to help Canadians make the switch to using electric heat pumps in their homes, granting as much as $10,000 per household.
A cyclist is seen passing in front of the Bank of Canada building in Ottawa.
‘Sour’ job report could give Bank of Canada breathing room on rate hikes, economists say
The Bank of Canada is now in a tricky spot as it tries to juggle rising inflation and slowing growth, economists say, after the country lost 68,000 jobs and the unemployment rate rose to 6.5 per cent in September from 6.4 per cent in August. Here’s what the latest employment numbers mean for the economy, the Bank of Canada and interest rates.
In Canada, a marriage contract may be one of the best protections for you if both spouses are comfortable with this type of agreement.
Can keeping assets outside Canada protect them from a 50/50 split in case of a divorce?
The matrimonial home is often one of the most significant assets that is subject to division, but keep in mind that changes in family net worth involving other assets is also an important factor. Generally, rather than looking at changes in specific assets, the change in net worth (assets minus liabilities) during the marriage is considered when determining each spouse’s share. Canadian citizenship does not impact which rules will apply, nor does the location of an asset, experts say.