WASHINGTON — The combined effect of President Donald Trump’s tax cuts and last month’s budget-busting spending bill is sending the government’s budget deficit toward the $1 trillion mark next year, according to a new analysis by the Congressional Budget Office. The CBO report says the twin tax and spending bills will push the budget deficit […]
DETROIT — Americans spent nearly $96 billion last year on cellphones and computers imported from China, far more than on any other items. But you won’t find them on the list of Chinese-made products the Trump administration is threatening with tariffs. And China spends about $1 billion a year importing animal hides from the U.S. […]
NEW YORK — After weeks of dispiriting talk about trade wars and the threat of inflation, Wall Street is looking forward to some good news: eye-popping profits from Corporate America. Analysts expect companies in the S&P 500 to report a 17 per cent jump in earnings per share for the first three months of the […]
NEW YORK — “The Simpsons” has briefly addressed criticism of its portrayal of its Indian shop owner, Apu, but a comedian who helped spark a conversation about the character calls the show’s response “sad.” Sunday’s episode featured Marge sharing her favourite childhood book with her daughter, Lisa. Marge realizes it’s more racist and offensive than […]
Zuckerberg also said in written testimony to Congress that Facebook’s major investments in security ‘will significantly impact our profitability going forward’
OTTAWA — The federal government says softwood lumber shipments from British Columbia to the United States plunged 20 per cent in March from a year ago amid railway transportation problems. Global Affairs Canada says the country’s largest lumber-producing province exported 514.4 million board feet to the United States last month, down from 614.7 million board […]
COLUMBUS, Ohio — Thousands of university students and employees targeted by email phishing schemes this year have taken the bait. Fortunately, they were duped not by real scammers, but by their own schools — in simulations meant to make them more adept at spotting real threats. When Ohio State University did its first student-focused phishing […]
Expectation of NAFTA deal and Bank of Canada rate hike improves currency’s prospects
WASHINGTON — There’s an 80 per cent chance of a new NAFTA agreement in principle within a month. That’s according to the Mexican minister leading the file. Secretary of Economy Ildefonso Guajardo tells the Mexican network Televisa that he believes a deal is probable soon. He says it won’t happen within days, nor — as […]
In an Apr. 6 story, The Canadian Press erroneously said the North Eastern New Brunswick Wild Blueberry Growers Association president Louis-Philippe McGraw suggested a Competition Bureau investigation into price-fixing could put an end to long-running s…