US Business

China, Canada retaliate against Trump’s ‘dumb’ tariff war

Canadian Prime Minister Justin Trudeau on Tuesday launched a stunning attack on Donald Trump’s “dumb” trade war, sparking further threats of retaliation from the US president after huge tariffs kicked in against Canada, Mexico and China.A furious Trudeau accused Trump of trying to cause the collapse of Canada’s economy to make it easier for the …

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Trade wars intensify as US tariffs on Canada, Mexico and China take force

Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without the nations …

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7-Eleven says Couche-Tard takeover still under consideration

The Japanese parent company of 7-Eleven said Tuesday that a buyout bid from a Canadian convenience store rival was still on the table despite a report that it planned to reject the multibillion-dollar offer.Seven & i, which operates some 85,000 convenience stores worldwide, last year rebuffed an offer worth nearly $40 billion from Alimentation Couche-Tard …

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7-Eleven shares plunge on reported plan to reject takeover

Shares of the owner of 7-Eleven plunged on Tuesday after a report said the Japanese retailer plans to reject a multibillion-dollar takeover offer by Canada’s Alimentation Couche-Tard (ACT).Seven & i, which operates some 85,000 convenience stores worldwide, last year rebuffed an ACT offer worth nearly $40 billion that would have been the biggest foreign buyout …

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Marking Ramadan at Canada’s ‘Little Mosque on the Tundra’

Muslims who gathered at the Midnight Sun Mosque in the Canadian Artic to break the Ramadan fast this week enjoyed home-cooked Sudanese food in a tranquil setting with breathtaking surroundings. But it wasn’t for everyone. “I’m stuck. Every year I go, ‘This is my last year in Inuvik,’” said Abadallah El-Bekai, a Lebanese-born Palestinian, who chuckled as …

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‘Terrifying’: Canadian auto workers dismayed at looming US tariffs

Residents of the Canadian border city of Windsor had held out hope US President Donald Trump’s threats of tariffs on imports from Canada would prove hollow, but that faith was dashed Monday, sparking fear for their futures. Trump had unveiled — and then paused — blanket tariffs of up to 25 percent on imports from major …

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Hockey icon Wayne Gretzky faces backlash in Canada over Trump support

Canadian hockey legend Wayne Gretzky is facing backlash at home over his support for US President Donald Trump, who has threatened to use economic force to make Canada the 51st state.In recent days, the 64-year-old retired NHL player has faced criticism on social media, boos in Canadian pubs when he appeared at a televised Canada-US …

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