adplus-dvertising
Connect with us

News

Canada Post strike spells trouble for small businesses headed into holiday season

Published

 on

A Canada Post strike that has stopped mail delivery across the country has the small business community worried.

Company owners say they have spent the days since the strike began Friday scrambling to sort out how they will get orders to customers.

Jessica Duffield says when the strike kicked off, her small business Wishes & Whatchamacallits, which sells pop culture-inspired products, had about 40 orders to process.

Most would usually be sent through Canada Post because it was the most affordable shipping option for Duffield, who is based in Saint John, N.B.

Using alternative delivery services would be much more costly and several won’t track packages she sends until they reach Halifax, so she is contemplating driving 45 minutes across the U.S. border to Maine to drop some of the orders in a mailbox.

Duffield says the strike stands to upend the busiest time of year for businesses, who start seeing a flurry of Black Friday and holiday sales as soon as November arrives.

This report by The Canadian Press was first published Nov. 18, 2024.

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

S&P/TSX composite up nearly 200 points as price of oil rises, U.S. stocks mixed

Published

 on

TORONTO – Canada’s main stock index was up nearly 200 points in late-morning trading on gains in the energy and base metal stocks as the price of oil rose.

The S&P/TSX composite index was up 184.11 points at 25,074.79.

In New York, the Dow Jones industrial average was down 2.82 points at 43,442.17. The S&P 500 index was up 28.48 points at 5,899.10, while the Nasdaq composite was up 164.13 points at 18,844.25.

The Canadian dollar traded for 71.18 cents US compared with 71.03 cents US on Friday.

The January crude oil contract was up US$2.07 at US$68.99 per barrel and the December natural gas contract was up nine cents at US$2.92 per mmBTU.

The December gold contract was up US$47.80 at US$2,617.90 an ounce and the December copper contract was up five cents at US$4.12 a pound.

This report by The Canadian Press was first published Nov. 18, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

Canadian dollar weakness to persist into 2025, expert says

Published

 on

Some experts say the Canadian dollar will remain weak through at least the end of this year.

The loonie was up slightly Monday at 71.18 cents US, but still remains lower than it has been since the early days of the COVID-19 pandemic.

It is nearly four per cent below where it was trading in September.

The loonie’s slide comes as the U.S. greenback is soaring on the re-election of Donald Trump.

Trump has promised to introduce sweeping tariffs on all U.S. imports.

Katherine Judge with CIBC Capital Markets says the threat of tariffs will likely keep the Canadian dollar low for months, though she says it could rebound in the first part of 2025 if Canada is able to successfully negotiate with the Trump administration.

This report by The Canadian Press was first published Nov. 18, 2024.

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

Moscow warns the US over allowing Ukraine to hit Russian soil with longer-range weapons

Published

 on

KYIV, Ukraine (AP) — The Kremlin warned Monday that President Joe Biden’s decision to let Ukraine strike targets inside Russia with U.S.-supplied longer-range missiles adds “fuel to the fire” of the war and would escalate international tensions even higher.

Biden’s shift in policy added an uncertain, new factor to the conflict on the eve of the 1,000-day milestone since Russia began its full-scale invasion in 2022.

It also came as a Russian ballistic missile with cluster munitions struck a residential area of Sumy in northern Ukraine, killing 11 people, including two children, and injuring 84 others. Another missile barrage sparked apartment fires in the southern port of Odesa, killing at least 10 people and injuring 43, including a child, Ukraine’s Interior Ministry said.

Washington is easing limits on what Ukraine can strike with its American-made Army Tactical Missile System, or ATACMs, U.S. officials told The Associated Press on Sunday, after months of ruling out such a move over fears of escalating the conflict and bringing about a direct confrontation between Russia and NATO.

The Kremlin was swift in its condemnation.

“It is obvious that the outgoing administration in Washington intends to take steps and they have been talking about this, to continue adding fuel to the fire and provoking further escalation of tensions around this conflict,” spokesman Dmitry Peskov told reporters.

The scope of the new firing guidelines isn’t clear. But the change came after the U.S., South Korea and NATO said recently that North Korean troops are in Russia and apparently are being deployed to help Moscow drive Ukrainian troops out of Russia’s Kursk border region.

Biden’s decision was almost entirely triggered by the entry of North Korea into the fight, according to a U.S. official who spoke on condition of anonymity to discuss internal deliberations, and was made just before he left for Peru to attend the annual Asia-Pacific Economic Cooperation summit at the end of last week.

Russia also is slowly pushing Ukraine’s outnumbered army backward in the eastern Donetsk region. It has also conducted a devastating aerial campaign against civilian areas in Ukraine.

Peskov referred journalists to a statement made by President Vladimir Putin in September in which he said allowing Ukraine to target Russia would significantly raise the stakes.

It would change “the very nature of the conflict dramatically,” Putin said at the time. “This will mean that NATO countries — the United States and European countries — are at war with Russia.”

Peskov claimed that Western countries supplying longer-range weapons also provide targeting services to Kyiv. “This fundamentally changes the modality of their involvement in the conflict,” he said.

Putin warned in June that Moscow could provide longer-range weapons to others to strike Western targets if NATO allowed Ukraine to use its allies’ arms to attack Russian territory. He also reaffirmed Moscow’s readiness to use nuclear weapons if it sees a threat to its sovereignty.

President-elect Donald Trump, who takes office in about two months, has raised uncertainty about whether his administration would continue vital military support to Ukraine. He has also vowed to quickly end the war.

Ukrainian President Volodymyr Zelenskyy gave a muted response to the approval that he and his government have been requesting of Biden for more than a year.

“Today, much is being said in the media about us receiving permission for the relevant actions,” Zelenskyy said in his nightly video address Sunday.

“But strikes are not made with words. Such things are not announced. The missiles will speak for themselves,” he said.

The new policy’s consequences on the battlefield are uncertain. ATACMS, which have a range of about 300 kilometers (190 miles), can reach targets far behind the about 1,000-kilometer (600-mile) front line in Ukraine, but they have relatively short range compared with other types of ballistic and cruise missiles.

The policy change came “too late to have a major strategic effect,” said Patrick Bury, a senior associate professor in security at the University of Bath in the United Kingdom.

“The ultimate kind of impact it will have is to probably slow down the tempo of the Russian offensives which are now happening,” he said.

Ukraine could target enemy troops concentrated in Kursk or logistics hubs or command headquarters, Bury added.

On a political level, the move “is a boost to the Ukrainians and it gives them a window of opportunity to try and show that they are still viable and worth supporting” as Trump prepares to enter the White House, said Matthew Savill, director of Military Sciences at the Royal United Services Institute in London.

The cue for the policy change was the arrival in Russia of North Korean troops, according to Glib Voloskyi, an analyst at the CBA Initiatives Center, a Kyiv-based think tank.

“This is a signal the Biden administration is sending to North Korea and Russia, indicating that the decision to involve North Korean units has crossed a red line,” he told AP.

Russian lawmakers and state media bashed the West over what they called an escalatory step, and threatened a harsh response.

“Biden, apparently, decided to end his presidential term and go down in history as ‘Bloody Joe,’” senior lawmaker Leonid Slutsky told Russian state news agency RIA Novosti.

Vladimir Dzhabarov, deputy head of the foreign affairs committee in the upper house of Russian parliament, called it “a very big step toward the start of World War III” and an attempt to “reduce the degree of freedom for Trump.”

Russian newspapers offered similar predictions of doom. “The madmen who are drawing NATO into a direct conflict with our country may soon be in great pain,” Rossiyskaya Gazeta said.

Some NATO allies welcomed the move.

President Andrzej Duda of Poland, which borders Ukraine, praised the decision as “much needed” and calling it a “very important, maybe even a breakthrough moment“ in the war.

“In the recent days, we have seen the decisive intensification of Russian attacks on Ukraine, above all, those missile attacks where civilian objects are attacked, where people are killed, ordinary Ukrainians,” Duda said.

Foreign Minister Margus Tsahkna of Russian neighbor Estonia said easing restrictions on Ukraine was “a good thing.”

“We have been saying that from the beginning — that no restrictions must be put on the military support,” he said at a meeting of senior European Union diplomats in Brussels. “And we need to understand that situation is more serious (than) it was even maybe like a couple of months ago.”

Lithuanian Foreign Minister Gabrielius Landsbergis said he’s not “opening the champagne” yet as it is unclear exactly what restrictions have been lifted and whether Ukraine has enough of the U.S. weapons to make a difference.

Slovakian Prime Minister Robert Fico, known for his pro-Russian views, described Biden’s decision as “an unprecedented escalation” that would prolong the war.

___

Matthew Lee in Washington, Lorne Cook in Brussels, Danica Kirka in London, Hanna Arhirova in Kyiv and Karel Janicek in Prague, Czech Republic contributed.

___

Follow AP’s coverage of the war in Ukraine at



Source link

Continue Reading

Trending