Business Brief: Canada’s digital taxes set stage for trade war

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Also in today’s edition: Navigating through France’s election surprise and Air Canada’s future

in Federal Court over being forced to pay about $200-million a year to support Canada’s broadcast sector. But that tax could represent the tip of the iceberg as Canada steps ahead with a digital-service levy that puts Ottawa at odds with tech giants, the U.S. government and economic allies around the world.to a left-wing alliance and a surprising blow to the country’s far right, but no clear majority winner on Sunday. The result could mean months of political and economic gridlock.

Markets in France have lagged other global equity benchmarks since Macron called the election in early June. With the country grappling with a rising debt burden and weakening growth, it’s unclear how Macron will find common ground with the leftist coalition, which has opposed his pro-business reforms and demands a higher minimum wage and price caps on essential food items and energy.

“At this very sensitive time in the Canada–U.S. trade relationship, we urge the government of Canada to reconsider this unilateral and discriminatory new levy,” the organization said in aOdds are good we’ll see more fireworks long after the extended long weekend in the United States.

 

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