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:
- 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
- Toronto-based equipment supplier Toromont Industries announces a friendly takeover of its competitor Hewitt Group for $1.02 Billion. Via CBC News
- NAFTA negotiations specific to changes in duty-free and tax-free thresholds for online purchases could unfavorably impact Canadian small businesses. Via Windsor Star
- The majority of Canadian lumber companies are getting a temporary reprieve after paying close to 20% of countervailing duties. Via Canadian Business
- 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
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