Leaked report from Chinese think tank warns of ‘financial panic’ in world’s second-biggest economy

Leaked report from Chinese think tank warns of ‘financial panic’ in world’s second-biggest economy

A leaked report from a Chinese government-backed think tank has warned of a potential “financial panic” in the world’s second-largest economy, a sign that some members of the nation’s policy elite are growing concerned as market turbulence and trade tensions increase. Bond defaults, liquidity shortages and the recent plunge in financial markets pose particular dangers…

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‘Absolutely irreparable damage’: Steel firms crushed by Trump tariffs call on Ottawa for support

‘Absolutely irreparable damage’: Steel firms crushed by Trump tariffs call on Ottawa for support

OTTAWA — Canadian steel producers are pleading with Ottawa for relief from U.S. import tariffs, with some companies saying Canada’s plan to introduce its own levies next month could further diminish their already battered bottom lines. The comments came during House committee hearings in Ottawa Tuesday, where cash-flow-starved Canadian firms warned that U.S. President Donald…

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Minnestoa regulators question Enbridge over Line 3 pipeline

Minnestoa regulators question Enbridge over Line 3 pipeline

CALGARY —  Minnesota regulators grilled Enbridge Inc. lawyers Tuesday over the need for, and benefits of, the company’s $7.4-billion Line 3 pipeline replacement. Calgary-based Enbridge has argued throughout the regulatory process that it needs to replace the aging Line 3 with a new pipeline and roughly double the pipeline’s capacity to carry 760,000 barrels of…

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