Dow tumbles 650 points as Trump confirms tariffs on Mexico and Canada will start Tuesday | CNN Business

March 4, 2025March 3, 2025 ~ knjohn ~ Leave a comment

US stocks slid Monday as investors braced for President Donald Trump’s proposed tariffs on Canada and Mexico to go into effect by the midnight deadline. The Dow tumbled 650 points, or 1.48%, to close at 43,191.

The Dow fell almost 900 points in afternoon trading before pulling back slightly. The broader S&P 500 fell 1.76% and the Nasdaq Composite fell 2.64%.

The S&P 500 posted its biggest one-day decline of the year. The Nasdaq is down about 6.5% since since Trump took office on January 20.

“Tomorrow, tariffs — 25% on Canada and 25% on Mexico,” Trump said during a press conference at the White House. “And that’ll start. … What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.”

Why Canada could become the next nuclear energy ‘superpower’ | BBC News

November 15, 2024November 14, 2024 ~ knjohn ~ Leave a comment

Uranium is making a comeback thanks to a renewed focus on nuclear energy as a climate crisis solution. Canada, rich with high-grade deposits, could become a nuclear “superpower”. But can its potential be realised?

Leigh Curyer had been working in uranium mining for nearly two decades when he noticed a striking shift.

In 2011, the Fukushima nuclear plant disaster in Japan badly damaged the world’s view of nuclear power, and the price for the heavy metal – a critical component for nuclear fuel – cratered.

How Ottawa is Attracting Tech Talent | The Startup Magazine

June 6, 2017June 6, 2017 ~ knjohn ~ Leave a comment

Recent reports show Ottawa as the most attractive tech hub in Canada with the best cost of living and second best average salary. Located in the same timezone as New York and Boston, it is increasingly becoming a promising city for job-seeking tech talent looking north.

Alongside its affordable living conditions, both local agencies and the government play a key role in the growth of its tech scene. A lead economic development agency in Canada’s capital, Invest Ottawa, has recently launched its Work in Ottawa campaign. The international campaign aims to attract global tech talent to the city, highlighting profitable opportunities to maintain a good lifestyle and promising career. This website-based strategy aims to help Canadian tech companies attract and retain the top talent needed to succeed and grow. The campaign also boasts a burgeoning database of North American talent that is available to local employers who participate in the campaign.

Canadians Support A Basic Income–But Not If Taxes Have To Go Up | Co.Exist

August 17, 2016 ~ knjohn ~ Leave a comment

Canada is one of a small but growing number of countries considering a basic income guarantee. In March, a key parliamentary committee said the government should be studying the idea. Several members of Prime Minister Justin Trudeau’s cabinet support basic income (the Liberal Party manifesto endorsed it, though it wasn’t in the election platform).

And, most importantly, Ontario has announced a full pilot, and Quebec has a minister investigating the potential. With the Liberals in power in seven of Canada’s 10 provinces, “potential exists for pan-provincial support for a guaranteed minimum income if Ottawa and provincial governments work together,” says Global Risk Insights, a news site.