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This Week in Business 2018–08–26

2022-12-16

Author(s): Scott Douglas Jacobsen

Publication (Outlet/Website): Medium (Humanist Voices)

Publication Date (yyyy/mm/dd): 2018/08/26

“Donald Trump may be roiling financial markets, threatening to widen a trade war or predicting “the market would crash” if he is impeached, but one presidential endorsement has some American CEOs cheering.

Last week, the president tweeted that he had asked the world’s “top business leaders” what would improve their lives. Their answer? Stop the current system of reporting earnings every three months and move to a six-month system.

“That would allow greater flexibility & save money,” Trump wrote. “I have asked the SEC to study!””

Source: https://www.theguardian.com/business/2018/aug/26/trump-quarterly-earnings-reports-six-month-system.

“St. John’s, N.L. — A 31-year-old man is facing charges for theft after an incident at a city business Saturday night in the centre area of St. John’s.

Around 8:15 p.m. the RNC were called to the incident. As a result, the man will be charged with theft under $5,000 and four breaches of court orders.

He will appear in court at a later date.”

Source: http://www.thetelegram.com/news/local/man-charged-for-theft-at-st-johns-business-236610/.

“Many Canadians are worrying about how U.S. tariffs will affect our economy, but there’s a hidden and deeper threat. U.S. tax reform has eroded Canada’s tax advantage and made it harder for U.S. companies that do business in Canada.

Finance Minister Bill Morneau appears poised to respond with his own tax reforms, perhaps as soon as this fall. But will Canada follow the United States into a tax-cutting war we cannot win — or will he do the right thing to improve the business climate while shoring up our system?

The reform has cut U.S. corporate-tax rates to around 27 per cent from 41 per cent on average (it depends on which state in which the business operates). That’s about the same as in Canada, following big rate cuts by the Chrétien and Harper governments.”

Source: https://www.theglobeandmail.com/business/commentary/article-how-to-fight-trumps-stealth-attack-on-canadian-business/.

“A business that has operated in Moose Jaw for nearly two decades is closing its doors.

Curtis Temple, owner of Scuba Guys’ Dive Shop in Moose Jaw, announced Friday on social media that his business is shutting down.

Temple blames road work on High Street, where the dive shop is located. He said construction equipment has been in front of his business for most of the past year, with the road ripped up and traffic blocked on both ends for months.”

Source: https://www.cbc.ca/news/canada/saskatchewan/moose-jaw-business-folding-after-year-of-street-construction-woes-1.4799497.

“TORONTO — Five things to watch for in the Canadian business world in the coming week:

More beats for banks?

Bank of Montreal, Scotiabank, TD Bank and National Bank are set to report their third-quarter results this week. The results from the four banks follow Royal Bank and CIBC, which both reported profits that beat expectations and raised their dividends last week.

Duties deadline

The U.S. International Trade Commission votes on final phase anti-dumping and countervailing duty investigations into newsprint from Canada on Monday. The U.S. government gave most Canadian newsprint producers a reprieve earlier this month by lowering final anti-dumping and countervailing duties after several U.S. businesses and politicians complained the tax on Canadian newsprint threatens the already-struggling newspaper industry.”

Source: https://www.ctvnews.ca/business/five-things-to-watch-for-in-the-canadian-business-world-in-the-coming-week-1.4068409.

License

In-Sight Publishing by Scott Douglas Jacobsen is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. Based on a work at www.in-sightpublishing.com.

Copyright

© Scott Douglas Jacobsen and In-Sight Publishing 2012-Present. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Scott Douglas Jacobsen and In-Sight Publishing with appropriate and specific direction to the original content. All interviewees and authors co-copyright their material and may disseminate for their independent purposes.

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