Taylor Scollon

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Canada preparing tit-for-tat response in case Trump follows through with tariff plan

Jan 13, 2025 | dailyhive.com | Taylor Scollon

NewsVenturePoliticsMoneyCanadaJan 13 2025, 3:45 pmVergani Fotografia/ShutterstockWhen it comes to a potential trade battle with the US, Canadian officials are planning a response that’s more “eye for an eye” than “turn the other cheek.”What happened: The federal government is readying a plan to slap tariffs on nearly every import from the US should Donald Trump follow through on plans to levy a 25% tariff against all Canadian goods.
Meta moderation changes worries advertisers

Jan 13, 2025 | readthepeak.com | Taylor Scollon

Some companies are worried that their Instagram ads for cookware and soft drinks will pop up next to hateful memes. Driving the news: Advertisers are reportedly considering whether they’ll have to pull their ads from Meta’s platforms if the company’s changes to its moderation policy mean their ads will appear next to objectionable content. Meta announced last week it would scrap its fact-checking program and move to a community notes model, similar to X.
Canada plots dollar-for-dollar tariff retaliation

Jan 11, 2025 | readthepeak.com | Taylor Scollon

When it comes to a potential trade battle with the U.S., Canadian officials are planning a response that’s more “eye for an eye” than “turn the other cheek.” What happened: The federal government is readying a plan to slap tariffs on nearly every import from the U.S. should Donald Trump follow through on plans to levy a 25% tariff against all Canadian goods. Canada is the largest national importer of U.S. goods, buying more than US$320 billion worth of American-made products last year.
Canada poised to dominate the global uranium mining industry

Jan 6, 2025 | dailyhive.com | Taylor Scollon

Canada may have been sent packing early from the World Juniors this year, but there’s another activity we’re poised to claim the number one spot in: uranium mining. What happened: Cameco, Canada’s largest uranium producer, said production increased by a third at its two Saskatchewan mines last year.
Bitcoin to Big Tech: Here's what might be in store for 2025

Jan 2, 2025 | dailyhive.com | Taylor Scollon

The Peak team gazed into our crystal ball, and here’s what we see for the year ahead…The Québec sovereignty movement will return. A deeply unpopular federal government and struggling Canadian economy will prompt Quebecers to reconsider independence. If the Trump tariffs come into effect, Quebecers may think they’re better off dealing with the United States as an independent state rather than a part of Confederation.
Canada looks north with Arctic ambassador

Dec 9, 2024 | readthepeak.com | Taylor Scollon

As conflicts in the world heat up, Canada is shifting its attention to somewhere very cold.
Trade war with U.S. could shrink economy by more than 5%

Dec 2, 2024 | readthepeak.com | Taylor Scollon

Seemingly overnight, the biggest question facing Canada’s economy has become: what happens if North American free trade comes to an end? Driving the news: While the federal government is scrambling to head off the threat of U.S. tariffs, newly released modelling shows just how much damage tariffs could do to the Canadian economy. Why it matters: If Trump is serious about tariffs, the outcomes for Canada range from bad to catastrophic, the model shows.
Fed stimulus casts doubt on rate cut pace

Nov 25, 2024 | readthepeak.com | Taylor Scollon

A raft of new measures to stimulate the economy could make the Bank of Canada think twice about how quickly it cuts interest rates. Catch up: The federal government’s stimulus plans, announced last week, include a sales tax holiday and stimulus cheques for most working Canadians. The GST/HST will be suspended from December 14 to February 15 on groceries, restaurant meals, kids’ clothing and toys, some alcohol, and a number of other products.
Facing tariff threat, Canadian leaders turn on Mexico

Nov 18, 2024 | readthepeak.com | Taylor Scollon

Canada looks increasingly willing to ditch Mexico to protect trade with the United States. Driving the news: A growing number of Canadian political leaders have expressed a readiness — some more eager than others — to strike a trade deal with the U.S. that doesn’t include Mexico. Alberta Premier Danielle Smith said this weekend she was “1,000 percent” in favour of booting Mexico from the trilateral trade agreement that spans the continent.
Canada gets its first human case of bird flu

Nov 11, 2024 | readthepeak.com | Taylor Scollon

H5N1 avian influenza, or bird flu, has been found in a person in Canada for the first time. What happened: B.C.’s Health Ministry said a teenager in the Fraser Health region tested positive for bird flu, the first reported human case of the virus in Canada. The source of the infection was still under investigation but “very likely to be an animal or bird,” according to the B.C. government.