Trump's end goal with tariff war — and what it means for your investments
Mark Ting, a partner with Foundation Wealth and On The Coast's personal finance columnist, said U.S. President Donald Trump may be trying to aggressively lower interest rates with a global trade war initiated by tariffs. Ting said Canadian investors shouldn't panic or move to change their investments just yet.
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Global News
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Canada's ambassador to U.S. will take the lead on trade talks: PMO
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Global News
an hour ago
- Global News
‘Full of life': Winnipeg launches pedestrian reimagining of busy Graham Avenue
Winnipeg has kicked off its reimagining of a busy downtown street. Graham Avenue is set to become the site of a 'pedestrian placemaking pilot' over the next few weeks, coinciding with the launch of the city's new bus network on Sunday. Previously a busy transit route, Graham will see buses diverted off a large stretch of the street, so instead of opening it up to cars again, the city is opting for pedestrian-friendly amenities and protected bike lanes. 'This is a great opportunity to change how people experience this part of our downtown,' Mayor Scott Gillingham said in a statement Monday. 'We're turning Graham into a street full of life and local creativity. This transformation will bring more people and energy downtown – and it complements re-opening Portage and Main, launching our new transit network, and investing in new residential and commercial developments.' Story continues below advertisement The changes are part of an ongoing plan to further develop the street in future to make it even more community- and pedestrian-friendly. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'Today is an opportunity to envision the short and long-term vision for a reimagined Graham Avenue,' said Rochelle Squires of CentreVenture Development Corp. 'Where we see empty storefronts, surface parking lots, and underutilized street spaces, we are collaborating with our many downtown partners to create vibrant activity and opportunities for Winnipeg's premier pedestrian street.' The new amenities set to be installed as part of the pilot projects include street furniture built by students at Tec-Voc High School, benches, lighting, art installations, access ramps, picnic tables, ping-pong tables and new landscaping. Street murals painted by local artists, through Cool Streets Winnipeg, are also part of the pilot project, thanks to a $100,000 grant from Bloomberg Philanthropies Asphalt Art Initiative — making Winnipeg one of only two Canadian cities and one of 10 in North America to receive the funding.
Edmonton Journal
an hour ago
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Iran fires missiles at U.S. base in Qatar in retaliatory strike
Article content Iran fired missiles at a U.S. air base in Qatar in retaliation for President Donald Trump's weekend airstrikes on three of its nuclear facilities. Qatar said the barrage at Al Udeid base, the biggest such U.S. facility in the Middle East, was intercepted and that there were no casualties. Al Udeid is the regional headquarters for U.S. Central Command, which oversees the American military in the Middle East. There are about 9,000 US service members in gas-rich Qatar, which sits just across the Persian Gulf from Iran. Article content Article content Oil prices fell immediately after the attack, with Brent dropping 3.3 per cent to $74.48 a barrel as of 6:10 p.m. Earlier, the U.S. and U.K. urged citizens in the country to take shelter and the Qatari government suspended air traffic. The move comes after the U.S. struck three major nuclear sites in Iran on Saturday night. Trump said they were 'obliterated' and Tehran vowed to retaliate. Qatar suspends flights over its airspace Global airlines felt the brunt of the escalating conflict in the Middle East, as missile exchanges forced carriers to navigate around a wide swath of territory, tear up flight schedules and turn around aircraft mid-flight. Qatar suspended flights over its airspace late Monday, shortly before Iran launched a missile strike at a U.S. air base in the country around 7:45 p.m. local time. Qatar's move effectively halted operations of its namesake airline and forced dozens of flights from carriers including Etihad, Emirates and FlyDubai out of position. Article content The disruptions are most consequential yet for air traffic in the region. Qatar Airways runs a global operation out of its Doha hub, connecting more than 170 destinations around the world. Turkish Airlines suspended service to Gulf destinations including Dubai, home to one of the world's busiest airports, while other airlines, including Singapore Airlines Ltd., British Airways canceled flights. The latest developments signify a widening of the war between Israel and Iran after Trump joined the fight on Sunday by attacking Iran's nuclear sites. The dramatic escalation, and Iran's retaliation, risk disrupting economies that had previously been shielded from the fallout of regional hostilities. Qatar and nearby Dubai have spent decades turning themselves into global aviation powerhouses, meaning that any narrowing or outright closure of air service creates a serious knock-on effect for the travel industry. Doha and Dubai are only a short distance from Iran, sitting on the other side of Persian Gulf and not far from the Strait of Hormuz, a key shipping artery for the world's oil supplies that's become a flashpoint in the growing conflict. Article content Dubai is home to Emirates, the world's largest international carrier. Hamad International Airport in Doha, in the capital of Qatar, is among the ten largest, operating more than 500 flights a day. Together, they handle much of the traffic within the Middle East and are transfer points for long-haul travel between Asia, Europe and North America. They had avoided previous suspensions that were contained to countries surrounding Israel and the skies over nations where Iran's missiles pass. Prior to the U.S. strikes on Sunday, Tehran had threatened to hit U.S. bases in the Persian Gulf should Washington get involved, and close down Hormuz. The skies over large swaths of the Middle East have been restricted several times during the past 20 months, making flying through Israel, Jordan, Lebanon, Syria, Iraq and Iran difficult. Thousands of passengers stranded Article content The closures have forced airlines to cancel flights on profitable routes, spend more on jet fuel and pass through countries they usually avoid like Afghanistan, as they avoid dangerous skies. It has also meant hundreds of disrupted flights and thousands of stranded passengers. Israel has started to allow outbound flights after halting them since its latest attacks on Iran starting June 13. Tel Aviv is expected to let about 1,000 passengers per day leave the country from Ben Gurion Airport and Haifa. The U.K. is organizing a chartered flight for British nationals who want to leave Israel, while Germany sent a military transport plane to extract citizens and France said it also plans repatriation flights. 'Everything depends on how long this lasts,' Ziad Daoud, chief emerging markets economist at Bloomberg Economics, said of the fallout from the flight cancellations. 'If there was a stoppage of flights for a day or two, there won't be an impact, but if this is a prolonged thing then obviously it's an issue.' —Leen Al-Rashdan with assistance from Danny Lee, Siddharth Philip, Nicholas Takahashi, Mihir Mishra and Dan Williams. Latest National Stories
