Latest News Updates From Derek Decloet

GovernmentBusiness

Carney Hints Tariffs to Stay but Sees Negotiations Continuing

Canada Prime Minister Mark Carney believes trade negotiations with the U.S. will “intensify†but sees little evidence the Trump administration is willing to completely drop tariffs.

July 15, 2025
GovernmentBusiness

Canada Says Most Tariffs on US Remain, Contradicting Report

Canada’s finance minister said the government kept 25% retaliatory tariffs on U.S. goods, disputing an Oxford Economics report that suggested it had paused the vast majority of those levies.

May 19, 2025
GovernmentBusiness

Canada’s New Tariffs on US Drop to ‘Nearly Zero’

Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

May 14, 2025
BusinessEquipment

Ritchie CEO Promotes Merits of IAA Deal Ahead of Vote Showdown

Ritchie Bros. Auctioneers Inc. has the potential to double its share price if it takes over IAA Inc., its CEO said as she launches a final push to fend off opposition from some shareholders to the deal.

February 13, 2023
BusinessEquipment

Major Shareholder Backs Ritchie’s $6 Billion IAA Deal

A large investor in Ritchie Bros. Auctioneers Inc. is backing the Canadian auction company’s proposed takeover of IAA Inc., giving a boost to a deal that has been opposed by other shareholders.

January 30, 2023
GovernmentBusinessLogistics

Vancouver’s Jammed Warehouses Cast Light on Rising Costs

To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting at the seams.

April 25, 2022
GovernmentBusinessLogistics

Vaccine Rule Raises Shipping Costs for Canadian Grocer

The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.

January 25, 2022
BusinessLogistics

CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.

September 17, 2021