Food prices have been cut in Whole Foods stores across Canada and the United States, NAFTA changes in relation to duty-free and tax-free thresholds can impact Canadian small businesses, and a Quebec-based equipment supplier will be acquired for $1.02Billion. These are the stories we’re following this week:

  1. Amazon delivers on its promise to cut food prices in Whole Foods stores across Canada and the United States to better compete in the grocery industry landscape. Via Financial Post
  2. Toronto-based equipment supplier Toromont Industries announces a friendly takeover of its competitor Hewitt Group for $1.02 Billion. Via CBC News
  3. NAFTA negotiations specific to changes in duty-free and tax-free thresholds for online purchases could unfavorably impact Canadian small businesses. Via Windsor Star
  4. The majority of Canadian lumber companies are getting a temporary reprieve after paying close to 20% of countervailing duties. Via Canadian Business
  5. The latest Statistics Canada report shows the national economy has expanded at a torrid annual pace of 3.5 % since the spring; odds that the Bank of Canada will hike its key interest rate are rising again. Via The Globe and Mail

This blog is provided for information only and is not a substitute for professional advice. We make no representations or warranties regarding the accuracy or completeness of the information and will not be responsible for any loss arising out of reliance on the information.