RBC Hires Bank of America’s Dan Mills to Head Canada Rates Sales
Dan Mills is joining Royal Bank of Canada as a managing director and head of rates sales in Canada, according to a spokesperson.
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Dan Mills is joining Royal Bank of Canada as a managing director and head of rates sales in Canada, according to a spokesperson.
Canada’s Public Sector Pension Investment Board plans to increase its investments in its home country by about a third to C$100 billion ($72.4 billion) over the next few years, its chief executive officer said.
François Picard is pleased to welcome Jean Simard, President and CEO of the Aluminum Association of Canada. According to Simard, the US-Canada aluminum dispute is not your conventional disagreement over trade, but rather a 'Trump posture that makes no sense". As American industrial demand substantially exceeds domestic production capacity, tariffs will do nothing to reduce Canadian aluminum from the US market. Protectionism does not eliminate interdependence, explains Simard, it makes that interdependence considerably more expensive.
Canada's retaliatory tariffs of up to 50 percent on approximately $19.8 billion worth of US goods came into effect this Tuesday, further escalating the trade war between the two neighbours. At the same time, US President Donald Trump is threatening to ban sales of all Bombardier aircraft in the US, in spite of the Canadian company's deep web of US suppliers. Also in this edition: Iran raises the price of gasoline and French startup Mistral AI is now valued at €21 billion.
Canada's counter-tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the two countries heated up. Ottawa's pushback comes weeks after US President Donald Trump imposed 50-percent tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US alcohol, automobile and dairy industries.
Canada is poised to impose tariffs of 15 per cent to 50 per cent on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to US President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Barring a last-minute reprieve, Carney’s government will increase the import tax on many US steel items to 50 per cent from 25 per cent and apply tariffs to a range of consumer items – motorcycles, cosmetics, cheese and...
The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.