Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway Ltd. Canadian National now has until the end of Friday to submit a better offer or lose its deal with Kansas City…
Kansas City Southern Plans to Accept Canadian Pacific’s $27 Billion Bid
September 13, 2021
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Business & EconomyCanadaCanadianCompanieseconomyKansasLocal NewsPacificplansrailwayRegional-Local NewssouthernUSUS NewsWorld
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Canadian Liberals’ Promised Hike in Bank Taxes Could Lead to Job Cuts, Higher Borrowing Costs
TORONTO—A campaign pledge by Canada’s ruling Liberals to raise corporate taxes on banks to help pay for pandemic relief could lead to job cuts and higher borrowing costs as the lenders take steps to protect their profits, investors and political analysts said. Seeking an edge in a tight race ahead of the Sept. 20 election,…
Trudeau Condemns Chinese Court’s 11-year Sentence in Canadian’s Espionage Case
August 11, 2021
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BeijingbusinessmanCanadaCanadianChinachinese courtespionageInternationalInternational RelationsMichael KovrigMichael SpavorPrime Minister Justin TrudeauRobert SchellenbergU.S. Secretary of State Antony BlinkenVancouverWorldXu Weihong
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BEIJING—Canada’s Prime Minister Justin Trudeau said a Chinese court’s sentencing of Canadian businessman Michael Spavor to 11 years in prison for espionage on Wednesday was “absolutely unacceptable” and called for his immediate release. U.S. Secretary of State Antony Blinken also condemned the sentencing in a statement, saying that proceedings against Spavor and another Canadian charged…
Jocelyne Bourassa, Canadian Golf Star, Dies at 74
TORONTO—Jocelyne Bourassa, a star Canadian golfer and the LPGA Tour’s Rookie of the Year in 1972, has died. She was 74. Her death was announced Thursday by Golf Canada, which did not give details. After her star rookie season on the LPGA Tour she was honored as the year’s best female athlete by The Canadian…
US Trade Chief Pressured to Lift Duties on Canadian Lumber
May 16, 2021
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BusinessCanadaCanadiandutiesEconomieseconomyExecutive Branchkatherine tailumberPoliticstradeUSUS NewsWorld
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WASHINGTON—As U.S. Trade Representative Katherine Tai prepares to meet her Canadian and Mexican counterparts on Monday to review progress in the new North American trade agreement, she is under pressure from home builders and lawmakers to cut U.S. tariffs on Canadian lumber. Shortages of softwood lumber amid soaring U.S. housing demand and mill production curtailed…
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