Melissa Shin

China Cannot Replace US, Carney’s Conservative Rival Warns Canadian Conservative Leader Pierre Poilievre said China cannot serve as a substitute for the US, rebuking Prime Minister Mark Carney’s recent outreach to the Asian superpower amid strained ties with ...

Conservative Leader Pierre Poilievre said China cannot replace the US, rebuking Prime Minister Mark Carney’s recent outreach to Beijing amid strained ties with the Trump administration

www.bloomberg.com/news/article... @nojoudalmallees.bsky.social @melissagshin.bsky.social @bloomberg.com

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Headlines on the Bloomberg Terminal from Air Force One:

*TRUMP: TV LICENSES SHOULD BE TAKEN AWAY IF BAD PUBLICITY FOR ME
*TRUMP: IF TV SHOWS 'HIT TRUMP' SHOULD BE DISCUSSED ON LICENSES
*TRUMP ON TV SHOWS CRITICIZING HIM: THEY'RE NOT ALLOWED TO

Ontario Premier Calls Snap Election, Gearing Up for Fight With US on Trade Ontario’s premier is calling an early election, saying his government needs a fresh mandate to push back against potential tariffs from US President Donald Trump.

"Ontario Premier Calls Snap Election, Gearing Up for Trade Fight" via @melissagshin.bsky.social #OntarioElection

www.bloomberg.com/news/article...

Canada’s Poilievre Promises to Reverse Capital Gains Tax Change Pierre Poilievre, the leader of Canada’s Conservative Party, is promising to eliminate the increase to the capital gains inclusion rate if elected.

Conservative Leader Pierre Poilievre said he would scrap the hike to the capital gains inclusion rate if elected, calling it "a bad idea before President Trump's tariff threat" adding it's "outright insanity now"

More from @melissagshin.bsky.social and I:

www.bloomberg.com/news/article...

Canada to Apply Capital Gains Tax Change Despite Government Halt Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s suspension of Parliament.

Canada's Department of Finance has confirmed to
@bloombergnews.bsky.social that it will continue to apply the increased capital gains inclusion rate despite Canada's Parliament being suspended. My latest with
@mathieudion.bsky.social #tax

Trudeau Tries to Brush Off Deputy’s Exit as Festive Family Spat A defiant Prime Minister Justin Trudeau, all smiles at his political party’s end-of-year festivities, tried to downplay the most serious challenge yet facing his leadership.

A defiant Prime Minister Justin Trudeau, all smiles at his political party’s end-of-year festivities, tried to downplay the most serious challenge yet facing his leadership.

“Like most families, sometimes we have fights around the holidays..."

The Canadian province of Newfoundland and Labrador reached a new electricity supply agreement in principle with Quebec, apparently ending a long-time dispute with a deal that will increase hydroelectric power in the country’s eastern region.

www.bloomberg.com/news/article...

Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad ta...

Canada is examining the use of export taxes on major commodities it exports to the US — including uranium and oil — if Trump carries out his threat to impose broad tariffs. The move would drive up costs for American consumers. Story by @brianplatt.bsky.social

www.bloomberg.com/news/article...

OpenAI Sued by Top Canadian News Publishers for Copyright Breach Five Canadian news media publishers have sued OpenAI Inc. for breaching copyright by scraping content to train artificial intelligence products like ChatGPT — opening another front against the $157 bi...

ChatGPT creator worth $157 billion sued by Globe and Mail, CBC/Radio-Canada, Canadian Press, Postmedia and Torstar

Canada Antitrust Watchdog Sues Google, Seeking Ad Tech Breakup Canada’s antitrust regulator is taking Alphabet Inc.’s Google to court for alleged abuse of dominance in web advertising, adding to a mounting pile of legal challenges for the search giant.

Canada Antitrust Watchdog Sues Google, Seeking Ad Tech Breakup

My Life As a Homeless Man in America An extraordinary firsthand account.

"We see right through the unshowered soul living in a car by the beach, or by the Walmart, or by the side of the road. But he’s there, and he used to be somebody. He still is. A firsthand account of homelessness in America." www.esquire.com/news-politic...

Canadian Stocks Drop as Traders Sell Into Trump’s Tariff Threats Industrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night.

with @stephaniehughes.bsky.social:

Industrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night.

Loonie May Hit Pandemic-Era Lows on Trump Tariff Threat, CIBC Says The Canadian dollar could fall further if US President-elect Donald Trump’s threat to put 25% tariffs on goods from the country materializes, CIBC said, but the second half of 2025 will likely provide...

What's in store for the loonie following Trump's tariff threats? Some pain, but some relief in the long term. My latest for @bloomberg.com

Trump posts on Truth Social: “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders.”

Trump Plans 10% Tariffs on China Goods, 25% on Mexico and Canada via @bloomberg.com

Food Inflation in Canada Outpaces Wage Gains, Fuels Worker Angst Wage gains in Canada are trailing behind rising food prices, a major force driving the labor strife that has upended the country’s supply chains.

Wage gains in Canada are trailing behind rising food prices, a major force driving the labor strife that has upended the country’s supply chains.

Abu Dhabi’s Mubadala Capital to Take CI Financial Private in $3.4 Billion Deal Canadian mutual fund manager CI Financial Corp. plans to go private in a C$4.7 billion ($3.4 billion) deal backed by Mubadala Capital, one of the largest-ever privatizations by an Abu Dhabi entity in ...

Canadian mutual fund manager CI Financial Corp. plans to go private in a C$4.7 billion deal backed by Mubadala Capital, one of the largest-ever privatizations by an Abu Dhabi entity in the financial sector. My latest with Adveith Nair, Layan Odeh and @decloet.bsky.social.

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go.bsky.app/GM4xQd8

Manulife CEO Gori to Retire in May, Witherington to Succeed Him Manulife Financial Corp. said Chief Executive Officer Roy Gori will retire in May and be succeeded by Phil Witherington, head of the company’s Asia business.

CEO News: Manulife's Roy Gori, 56, will retire in May and be succeeded by the company's Asia head Phil Witherington. Health and longevity enthusiast Gori is leaving to spend more time with his family and pursue other passions, he said in an internal memo today www.bloomberg.com/news/article...

Taylor Swift’s Toronto Shows Leveraged by Bankers, Baseball Team When Taylor Swift comes to town, local economies spring to life as hotels fill up, public transit heaves and traffic grinds to a halt, sometimes on streets recently renamed in her honor.

Look what you made me do! Here's our Toronto bureau story on the economic and business impact of Taylor Swift's Eras Tour: www.bloomberg.com/news/article... Great teamwork from Christine Dobby, Stephanie Hughes, Monique Mulima, Layan Odeh, Chunzi Xu, Derek DeCloet and me