Canada abruptly scraps digital services tax targeting US technology firms days after Trump ripped ‘foolish’ move

Canada has abruptly scrapped its plan to enforce a new digital service tax on American tech firms — days after President Trump blasted the “foolish” move as a “direct and blatant attack” on the United States. Canadian Prime Minister Mark Carney caved … Read More

Trump cuts off US trade talks with Canada, shattering optimism over tariff deals

WASHINGTON (Reuters) -U.S. President Donald Trump on Friday abruptly cut off trade talks with Canada over its tax targeting U.S. technology firms, calling it a “blatant attack” and saying that he would set a new tariff rate on Canadian goods … Read More

Weekly Update by Michael Armstrong – May 2, 2025

Greetings friends, Big news this week includes the Canadian election. Mark Carney will remain Prime Minister as the liberal party retains power, albeit with a minority government. Carney, formerly central bank chair for both Canada and the UK, benefited from … Read More