In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair Bolsonaro dodge a coup attempt trial, Bloomberg News reported. Together with prior exemptions, the move will leave many of the nation’s major exports free from heightened US duties, a victory for an agricultural powerhouse that ranks as the world’s largest beef and coffee producer and counts the US as its No. 2 trade partner.
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Resources Per Country
- Anguilla
- Bahamas
- Barbados
- Belize
- Bermuda
- British Virgin Islands
- Canada
- Cayman Islands
- Costa Rica
- Cuba
- Dominica
- Dominican Republic
- El Salvador
- Grenada
- Guadeloupe
- Guatemala
- Haiti
- Honduras
- Jamaica
- Mexico
- Montserrat
- Netherlands Antilles
- Nicaragua
- Panama
- Puerto Rico
- Saint Kitts and Nevis
- Saint Lucia
- Trinidad and Tobago
- Turks and Caicos Islands
- United States
- United States Virgin Islands
China Evergrande Group’s famous log-cabin hotel in Quebec, Canada, has been placed in receivership after the defaulted real estate developer failed to make payments on its debt, Bloomberg News reported. Fairmont Le Chateau Montebello, which has hosted luminaries including Grace Kelly and Margaret Thatcher, would be put up for sale by PricewaterhouseCoopers LLP, the court-appointed receiver, according to documents filed this week on the accounting firm’s website.
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The future homes for 27 pieces of Hudson’s Bay history were decided Wednesday in a packed Toronto auction, where art lovers, historians and those wistful about the fall of Canada’s oldest company spent a collective $5.9 million, BNNBloomberg reported. In addition to covering their successful bid, buyers must also pay a premium of 25 per cent of the hammer price up to and including $25,000 plus 20 per cent of the hammer price over $25,000 and any applicable sales tax. Collectively, bidders spent $4.9 million on paintings before the buyer’s premium was added.
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The rise of online sports betting and casino apps has yielded big profits for gambling companies. But insolvency and psychology experts warn of dire consequences for a growing number of Canadians — young men, in particular — and recommend counselling, a payback plan and self-examination for those needing to dig themselves out of debt, the Canadian Press reported.
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At its annual public meeting on Tuesday, Canada Post revealed that it continues to bleed cash and hinted at big job cuts through attrition, CBC.ca reported. "Canada Post is effectively insolvent," said the Crown corporation's chief financial officer, Rindala El-Hage. She announced that Canada Post's operating loss so far for 2025 totals more than $1 billion, and that its latest quarterly loss — $541 million before tax — was unprecedented. "It was the largest quarterly loss in the company's history," said El-Hage.
The rise in U.S. taxes on imports has had a lighter impact on the global economy than many policymakers and businesses had feared, but it nonetheless is having an impact that will likely persist through next year and beyond, the Wall Street Journal reported. Figures released on Monday showed the economies of Japan and Switzerland both contracted in the three months through September, in part because of the higher taxes U.S. businesses must pay if they buy goods made in either country.
The U.S. is the biggest recipient of China's lending activities globally, according to a study which tracked Beijing's credit activities and found it is increasingly lending to higher-income countries over developing countries, Reuters reported. The report, published on Tuesday by AidData, a research lab at U.S. university William & Mary, said China's lending and grant giving totalled $2.2 trillion across 200 countries in every region of the world from 2000 to 2023.
The Laurentian University Faculty Association is filing a challenge under the Canadian Charter of Rights and Freedoms against the Ontario government, CBC.ca reported. The union says a $35-million loan the province gave Laurentian in 2022, to help the university during its insolvency, came with too many strings attached. The loan agreement includes a clause which says Laurentian would need prior consent from the province to “establish, sponsor, administer or otherwise participate in any defined benefit pension plan” until the loan is fully repaid in 2038.
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Japan’s economy contracted at a 1.8% annual pace in July-September as President Donald Trump’s tariffs hit exports and private residential investment plunged, the Associated Press reported. Data released by the government Monday showed that on a quarter-by-quarter basis, Japan’s gross domestic product, the sum value of its goods and services, slipped 0.4%, the first contraction in six quarters. The annualized rate shows what the economy would have done if the same rate were to continue for a year.
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