Marnie's Market Update: Checking out properties in Kanata
We are giving you a look at three properties on the market in Kanata in our Bennett Real Estate Rundown.
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Globe and Mail
25 minutes ago
- Globe and Mail
Canada's trade deficit widened to $5.9-billion in June, second highest on record
Canada's merchandise trade deficit widened in June to $5.9-billion as imports grew faster than exports due to a one-time high-value oil equipment import, data showed on Tuesday. The deficit observed in June is the second highest on record after the deficit dipped to its largest in history in April to $7.6-billion. Analysts polled by Reuters had predicted the trade deficit to widen to $6.3-billion in June from a downwardly revised $5.5-billion in May. Total imports were up 1.4 per cent in June to $67.6-billion from a drop of 1.6 per cent in the prior month, Statistics Canada said, adding that excluding the one-time product import which was from the U.S. for an offshore oil project, total imports were down 1.9 per cent in June. LeBlanc says Trump, Carney to speak in coming days following tariff announcement Opinion: Why the damage to Canada from Trump's tariffs has been small (so far) Canada's total exports grew 0.9 per cent in June to $61.74-billion following an increase of 2 per cent in May, its second consecutive increase, Statscan said, led primarily by an increase in value of crude oil exports which saw an increase in prices in June due to tensions in the Middle East. In volume terms, however, exports were down 0.4 per cent in June. U.S. President Donald Trump cranked up the tariffs on Canada to 35 per cent from this month from 25 per cent on goods which were non-compliant with a free trade deal. Canada is also struggling with a slew of sectoral tariffs on steel, aluminum and automobiles. This has chewed into its massive trade balance with the U.S. as exporters drove away from what the world's biggest market in Canada's backyard to other regions from Europe and Middle East to as far as the Indo-Pacific. Trade Minister Maninder Sidhu eyes new markets outside U.S., looks at Southeast Asia and beyond Exports to the U.S. in June, however, increased by 3.1 per cent in June, due to crude oil shipments. But on a year-over-year basis, exports to the U.S. were still 12.5 per cent lower when compared with the same period a year ago. After reaching a record high in May, exports to countries other than the United States were down 4.1 per cent in June, representing the first decline since February, Statscan said. The increase in total imports in June was mainly led by a 2.6 per cent increase in imports from the U.S. due to the import of a module for an offshore oil project, the statistics agency said. This was the first increase in imports after three consecutive monthly decreases, data showed. The Canadian dollar slightly weakened further after the data and was trading down 0.2 per cent to 1.3804 against the U.S. dollar, or 72.44 U.S. cents. Yields on the two-year government bonds were up 0.6 basis points to 2.703 per cent.
CTV News
29 minutes ago
- CTV News
‘Trump is coming' for USMCA: What to expect with upcoming trade talks
Video CTV News political commentator Scott Reid on what's next for trade talks between Canada, the U.S. and Mexico.
CTV News
36 minutes ago
- CTV News
Caesars Windsor achieves independent responsible gambling accreditation
Caesars Casino is shown in Windsor, Ont., on Saturday, December 18, 2021. THE CANADIAN PRESS/Fred Thornhill Caesars Windsor has again achieved the 'gold standard' of responsible gambling accreditation. The 'RG Check' program was created by the Responsible Gambling Council (RGC). Caesars Windsor was the first gaming facility in the world to earn the RG Check in 2012. 'We have a long-standing and continuing commitment to responsible gambling. Maintaining this accreditation demonstrates our commitment to ensuring resources are available for guests, mandatory training for our staff, and utilizing the PlaySmart Centre on property. It is something we take great pride in,' said Kevin Laforet, president of Caesars Windsor. According to the RGC, there are 47 criteria and hundreds of metrics to measure the scope and effectiveness of the facility's RG program. There are eight core responsible gambling standards that include: corporate policies, self-exclusion, advertising and promotion, informed decision making, assisting guests who may have problems with gambling, access to money, venue and game features, and employee training. Properties are reaccredited every three years.
