Canada adds extra C$691 million to agriculture sector, cuts timeline for dairy farmers’ aid

by  on  in foreign business

Gerald Pulver, operator of Goreland Farms, inspects milk beside pregnant dairy cows a day right after Canada’s Prime Minister Justin Trudeau said the federal govt would supply an added C$5 billion ($3.4 billion) line of credit history for farmers and agricultural producers to help them by way of the coronavirus sickness (COVID-19) disaster, in Carrying Put, Ontario, Canada March 24, 2020. REUTERS/Alex Filipe

(Reuters) – Canada’s government said on Saturday it will pump an more C$691 million ($531.87 million) to guidance the country’s dairy, poultry and egg farmers, and also lowered the timeline for payment promised to dairy farmers previous calendar year.

Agriculture Minister Marie-Claude Bibeau mentioned the government slashed its original eight-12 months program and will produce the remaining C$1.405 billion from a overall of C$1.75 billion promised in August 2019, immediately to farmers in only three yrs.

The package for dairy farmers also establish on a $250 million

…

CSIS alleges Iran used Toronto company to wire millions to Canada despite sanctions

by  on  in foreign business

A Toronto currency exchange business helped Iran secretly wire millions of dollars into Canada in violation of sanctions, according to a classified intelligence report that calls the financial transfers a threat to national security.

A Canadian Security Intelligence Service report obtained by Global News accuses Alireza Onghaei, the investor immigrant behind the company, of “assisting the government of Iran in the clandestine wiring of monies into Canada.”

The money was routed through Dubai in order to “circumvent sanctions,” CSIS wrote in its Dec. 20, 2019, report on Onghaei, the owner of ONG Currency Exchange Inc., on Toronto’s Yonge Street.

The total amount allegedly funneled into Canada from Iran was not known, but CSIS wrote that “we assess it to be in the millions.” One transfer alone was for $600,000, according to CSIS.

CSIS did not specify when the alleged transfers took place or what the money was used for, but

…

Special: Drugmakers offer Canada C$1 billion to scrap some pending pricing rules

by  on  in foreign business

TORONTO (Reuters) – The pharmaceutical business has designed a very last-ditch C$1 billion ($761 million) proposal to the Canadian govt in hopes of fending off sections of a drug pricing crackdown set to go into impact on Jan. 1, in accordance to market paperwork reviewed by Reuters.

FILE Image: Canada’s Minister of Wellbeing Patty Hajdu speaks in parliament for the duration of Concern Period in Ottawa, Ontario, Canada September 29, 2020. REUTERS/Patrick Doyle/File Image

The remaining restrictions would even now minimize drugmakers’ income by at minimum C$19.8 billion ($15.1 billion) in excess of 10 decades, in accordance to an field estimate.

If other expensive reforms are shelved, the sector is inclined to invest C$1 billion around the exact same interval to boost regional producing and commercialization, and on new packages to make improvements to accessibility to drugs for rare conditions.

The federal government has argued that Canada’s patented drug costs

…

China slams British isles, Canada banning Xinjiang imports as “farce”

by  on  in foreign business

BEIJING, Jan. 13 (Xinhua) — A Chinese Foreign Ministry spokesperson on Wednesday lambasted Britain and Canada for imposing restrictions on Xinjiang imports, urging them to immediately rectify their wrong decisions and end interfering in China’s interior affairs.

Spokesperson Zhao Lijian’s remarks came immediately after the two nations around the world have reportedly determined to ban the import of goods from Xinjiang citing the so-referred to as use of “pressured labor.”

Expressing China’s agency opposition, Zhao called the go “only a farce executed by a handful of politicians” with no information or morality.

Britain and Canada need to instantly revoke their decisions, prevent interfering in China’s internal affairs and prevent undermining China’s interests, Zhao advised a frequent press briefing, including that Xinjiang affairs are purely China’s inside affairs and no nation has any right to interfere in.

Certain countries, like Britain, have funded the fabrications and spreading of lies and rumors,

…

As Trump’s expression finishes, Canada and the planet need to preserve target on China: experts – National

by  on  in foreign business

U.S. President Donald Trump‘s time in office environment could be ending, but Canada and the globe should preserve upping the stress on China to safeguard human rights in Hong Kong and Taiwan, say authorities.

Trump missing the U.S. election to president-elect Joe Biden on Saturday following a tense four times of counting ballots in near, critical races throughout the nation.

Whilst his administration has been marked by fierce criticism of the Chinese Communist Celebration and its refusal to respect world wide principles, the coming transition raises inquiries about what nations around the world like Canada with citizens at threat in China should be expecting to see from the new Biden administration.

Specialists testifying just before the House of Commons unique committee on Canada-China relations on Monday stated it continues to be vital for Western democracies to help democratic activists both of those in just China and in Hong Kong and

…

Canada plans digital tax in 2022 on worldwide tech giants such as Fb, Google: Tech Information

by  on  in foreign business

According to Reuters, Canada options digital tax in 2022 on worldwide tech giants this kind of as Facebook, Google.

OTTAWA (Reuters) – Canada ideas to impose a tax on firms giving electronic services from 2022, which will stay in effect till important nations come up with a coordinated strategy to taxes, the Treasury Division mentioned Monday.

The Organization for Financial Co-operation and Growth is performing on a popular technique to promise digital giants, these types of as Google and Google from Alphabet Inc. Fb Inc, pay out their share of the taxes as the coronavirus hoards budgets.

Canada mentioned it was involved about a delay in achieving an agreement. The threat of taxation on electronic products and services has sparked threats of trade revenge from outgoing US President Donald Trump’s administration.

The new tax would enter into power on January 1, 2022 and continue being in impact until a widespread

…

Worldwide learners critical to solving Canada’s expertise hole problem

by  on  in foreign business

Canada’s economic restoration will depend on worldwide college students. A white paper by Faculties and Institutes Canada (CICan) notes that offered how COVID-19 has disrupted intercontinental journey, Canada will need to have to continue to appeal to “international learners who will turn into such an significant section of our potential workforce.” CICan is the nationwide, voluntary membership organisation representing publicly supported colleges, institutes, cegeps (acronym from the French time period Collège d’enseignement standard et professionnel, or normal and professional instructing university) and polytechnics in Canada and internationally. “Safely reopening our borders to worldwide expertise will engage in a crucial function in tackling the techniques hole in may well sectors and conference the labour desires of Canadian businesses,” the paper reported.

In its report titled “COVID-19 and beyond: The function of colleges and institutes in Canada’s resilient restoration,” CICan notes that colleges and universities are primed to aid the evolving requirements

…

COVID-19 & Immigration to Canada

by  on  in foreign business

News and Benefits to Consider

Canada, with the rest of the world, is going through a period of uncertainty. The Coronavirus pandemic effects have left many foreign visa applicants, permanent residents, and Canadian citizens uncertain about where they are. In this article, we will discover how the COVID-19 pandemic has affected Canada’s immigration process.

Justin Trudeau, Canada’s prime minister, announced that a travel restriction would be introduced from March 18th, delaying obtaining a Canadian visa. Despite these restrictions, the Canadian government has not changed its position on immigration and continues to actively accept visa applications, but encourages immigrants to continue applying locally.

Canada has also developed various solutions to overcome COVID’s direct and indirect influence on the Canadian community and those who seek to become part of it. These include provincial and territorial testing stations and economic assistance to help mitigate most businesses’ impact.

The Canadian labor market was labor-starved

…

Taiwan urges Canada to sign up for world wide coalition towards China

by  on  in foreign business

Taiwan’s International Minister Joseph Wu speaks all through a press convention with American Institute in Taiwan director Brent Christensen, in Taipei, on Nov. 21, 2020.

Johnson Lai/The Related Push

The International Affairs Minister of Taiwan states Beijing has currently begun what armed forces strategists connect with a “grey-zone” assault on the self-governing island of 24 million, and urges Canada and other like-minded democracies to use sanctions and increased trade ties to dissuade China from a entire-scale takeover.

Gray-zone warfare falls brief of outright armed conflict, and employs cyber-attacks, infiltration, disinformation, and other practices to sap an enemy’s will.

“Many individuals below in Taiwan are expressing the invasion [by China] may perhaps have started currently,” Foreign Affairs Minister Joseph Wu claimed in an interview.

Story continues below ad

China weighs lawful ways against ‘diehard’ supporters of Taiwan independence

Mr. Wu, who has led Taipei’s endeavours to develop a worldwide coalition to

…

Canada Trade Deficit Narrows in November to C$3.34 Billion

by  on  in foreign business

By Paul Vieira

OTTAWA–Canada’s trade deficit in products products narrowed in November as two-way trade with nations other than the U.S. rose to a file amount, driven by the sale of refined gold to the U.K.

Imports fell in November, the very first month-about-month decrease since May, on a pullback by enterprises in the invest in of machinery and products.

Studies Canada reported Thursday that Canada’s deficit in the worldwide trade of goods products in November came in at 3.34 billion Canadian pounds, or the equal of $2.63 billion. Industry expectations were being for a C$3.5 billion deficit, according to economists at Desjardins Securities.

The past month’s trade deficit was marginally revised to C$3.73 billion vs . the before estimate of C$3.76 billion.

Exports rose in November, .5% on a nominal foundation and .9% in quantity, or selling price-altered, conditions. Imports dropped .3%, or .7% on a value-adjusted basis.

The

…