It’s Tuesday, August 4. Here are the top stories we’re following today.
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High energy prices fuel surge in Canadian exports in second quarter
Total exports rose by 13.1 per cent for the quarter, while imports increased by 4.2 per cent. It was the strongest increase in exports since the third quarter of 2020, according to Statistics Canada data published on Tuesday.
It marks the first year-over-year increase in first-half venture capital investment since 2021, with the bulk of the gains coming early in the year. Second quarter investment this year declined seven per cent to $1.29 billion from the first quarter’s $1.39 billion.
Our federal government keeps trying to defy economic gravity and failing
Canada has a recurring pattern of tax measures built for a headline and drafted without regard for how people move, writes Kim Moody.
Ottawa’s Telesat Corp. said that it is expanding its Telesat Lightspeed low-earth orbit network by 67 satellites, lifting its total number of fully funded satellites to 225 from 156. Brampton, Ont.-based MDA Space Ltd. will manufacture an additional 27 satellites for Telesat.
FIFA World Cup drove spending in Toronto, Vancouver
Toronto and Vancouver hosted 13 matches during this year’s World Cup run. Visa said its data reveals the tournament left a measurable economic impact on local businesses across the two host cities.
- There are signs of hope in Canada's housing market. But is it time to use the 'b-word'? Real Estate
- CRA denies tax deduction for paying someone else’s legal fees Personal Finance
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- Can a GIC-only RRSP, TFSA and LIRA generate enough for Miles’s retirement? Personal Finance
- Hot Topic Is Said to Near $350 Million Sale to Spencer's Parent PMN Business
- Carney Wants Broader Tariff Relief as Trump's New 50% Levy Looms PMN Business
Source: Financial Post
