Trucks line up to cross the Ambassador Bridge from Windsor to Detroit. (Credit: Don McArthur/Postmedia)
It’s Tuesday, Oct. 6. Here are the top stories we’re following today.
Canada’s trade surplus with U.S. nearly doubles to $11.2 billion
Canada’s trade surplus with the United States grew to $11.2 billion in August from $6.1 billion in July, the largest positive monthly change since 1997, as exports surged ahead of the implementation of U.S. Section 338 levies.
The corporate headquarters of Emera Inc. and Nova Scotia Power on the Halifax waterfront.
Emera and Canadian Utilities to merge into $72-billion powerhouse
Emera Inc. and Canadian Utilities Ltd. have announced a merger that would form a combined company valued at $72 billion and serve six million customers across Canada, the United States and international markets.
Condo buildings line the beach April 5, 2016 in Sunny Isle, Fla. Property taxes are only one part of an increasingly expensive calculation for Canadians who own or are considering buying a home in Florida.
Canadian snowbirds could be left out of a major property tax break being proposed in Florida, but the constitutional amendment set to go before voters next month could also give them some protection from rising property assessments.
A global poll of 430 portfolio managers released by Marsh at the end of September said Canadian asset owners were leading the way in cutting exposure to U.S. equities.
Canadian pension plans are the healthiest ever thanks to higher interest rates, says report
Higher interest rates more than compensated for stock market losses to help lift the solvency of Canadian defined-benefit pension plans to a record level, says a new report from Marsh & McLennan Companies Inc.
Prime Minister Mark Carney speaks to media in Fort McMurray, Alta., announcing that the Pacific Link pipeline has been listed as a project of national interest, on Oct. 1, 2026.
Don’t treat your personal finances like the government is treating your tax dollars
Since the 2025 budget, the federal government has split its books into an operating budget and a capital budget and made balancing the operating budget by 2028-29 one of its key fiscal anchors. It’s an old accounting trick, writes Kim Moody.