Freight & Shipping

Senate committee rejects oil tanker ban

Authors: Elmira AliakbariAshley Stedman A spill of more than 10,000 tonnes is likely to occur once every 242 years. Read more about Senate committee rejects oil tanker ban Tags:  Bill C-48 oil tankers crude oil transport oil transport ...

Gold: Volatility continues as tariff war shakes up commodities

Gold has retracted on Tuesday, after starting the week with sharp gains. In the North American session, the spot price for one ounce of gold is $1294.64, down 0.39% on the day. There are no major U.S. events on the schedule. On Wednesday, the U.S. releases retail sales reports. After months of nego ...

AUD/USD – Australian dollar steadies, key inflation report next

AUD/USD is unchanged on Tuesday, after posting sustaining sharp losses on Monday. Currently, the pair is trading at 0.6944, down 0.01% on the day. On the fundamentals front, there are no major U.S. events. In Australia, NAB Business Confidence stayed stuck at 0 for a second successive month. Later ...

GBP/USD – Pound under pressure as British wage growth falls short of estimate

GBP/USD continues to lose ground this week. In the North American session, the pair is trading at 1.2917, down 0.32% on the day. On the release front, the U.K. released key employment numbers. Wage growth slowed to 3.2% in March, down from 3.5% a month earlier. This missed the estimate of 3.4% and ...

DAX rebounds as China says trade talks to continue

The DAX has moved higher on Tuesday, after starting the week with sharp losses. Currently, the DAX is at 11,937, up 0.51%. In economic news, German ZEW Economic Sentiment declined by 2.1, missing the estimate of 5.1. The eurozone release followed the same trend, dropping by 1.6 points. This was wel ...

EUR/USD – Euro slightly higher, shrugs off soft German economic outlook

EUR/USD is slightly higher on Tuesday, erasing the gains seen on Monday. Currently, the pair is trading at 1.1235, up 0.11% on the day. On the release front, German ZEW Economic Sentiment declined by 2.1, missing the estimate of 5.1. The eurozone release followed the same trend, dropping by 1.6. Th ...

Trade Talks Wear On The Market - Market Roundup

After a rough week of market action, hiding was difficult as the trade brush painted everything with the same colour - red. Every sector was in trouble, but the growth sectors were the weakest. While the market weakness may have surprised a few, this is now the third straight week that the d ...

Dow down 300 points after the US slaps China with a big increase in tariffs

Stocks fell on Friday, extending this week’s sell-off, after President Donald Trump said there’s “absolutely no need to rush” on a trade agreement with China and tariffs will make the United States “much stronger.” The Dow Jones Industrial Average fell about 300 points Friday morning, w ...

Option to Save U.S. Trump Tariffs – Use 3PL Warehouse in Canada

At midnight, the United States increased tariff rates on many goods from China from 10% to 25% (referred to as the “U.S.’ Trump Tariffs”).  The U.S. Trump Tariffs are a form of customs duty that is payable by the importer and is passed on to U.S. consumers. As a result of the new higher U.S. ...

Why can’t I get reimbursed for my Mini Cooper’s corroded footwell module?

Q. The footwell module was replaced on my Mini Cooper S in 2017.  BMW (the manufacturer of the Mini) told me that a freak accident of the sunroof drain tube not being aligned caused all the water damage that corroded the electronics in the module. Then, in November 2018, I received a recall notice ...