David Olive

1 week ago | thespec.com | David Olive

Europeans are beginning to follow the Canadian example of shunning U.S. products. “The newly imposed U.S. trade tariffs on European products are causing European customers to think twice about what’s in their shopping cart,” the European Central Bank (ECB) said in a recent blog post. “Consumers are very willing to actively move away from U.S. products and services.”The European Union (EU) is one of America’s biggest customers, buying $370 billion (U.S.) in U.S. goods last year.

1 week ago | thespec.com | David Olive

Shares of Canada Goose Holdings jumped in value by more than 19 per cent on a single day last week, drawing attention to the global ambassador for Canadian apparel. The Toronto-based company sells its flagship luxury parkas in Canada, the U.S., Asia Pacific, Europe, the Middle East and Africa. With the stock still trading at an 80 per cent discount to its all-time high in 2018, signs of a strong profit recovery are bound to attract value investors to the shares.

2 weeks ago | thespec.com | David Olive

“We will have to build things we never imagined, at a pace we never thought possible.” That is Prime Minister Mark Carney’s stirring call to rebuild Canada in the face of the U.S. trade disruption. True to that sentiment, Carney has since vowed to remake the Canadian economy so that it is the best performer among the G7. He promises to make Canada an energy superpower. And Carney intends to double the pace of housing construction to almost 500,000 new homes per year. Those are laudable goals.

2 weeks ago | stcatharinesstandard.ca | David Olive

Canadian Tire Corp. (CTC) is on the rebound, though some of the steps it’s taking to protect itself from the uncertainty caused by the U.S. trade dispute might suggest otherwise. Profits at the country’s flagship Canadian-owned retailer more than quadrupled last year, to $888 million. And after a rough 2023, revenues last year appear to have stabilized at $16.4 billion. Investors sense a turnaround underway.

3 weeks ago | stcatharinesstandard.ca | David Olive

It appears that U.S. President Donald Trump isn’t intent on waging a global trade war, after all. That follows a new trade deal reached last week between the U.S. and the U.K.The Trump administration is believed to be in negotiations with dozens of trading partners, including the European Union (EU). The Trump climbdown from what the Wall Street Journal described as “mutual assured trade destruction” is obvious good news. It represents an estimated $300 billion (U.S.) in tariff relief.