Top Business Headlines
 

March 23, 2019

 
 
Top news
 
China halts new purchases of all Canadian canola, Chinese importers say strict inspections imposed on other agriculture goods
  China halts new purchases of all Canadian canola, Chinese importers say strict inspections imposed on other agriculture goods
 

Nathan VanderKlippe

 
Asia correspondent
China has put a stop to all new purchases of Canadian canola, the industry says, in an escalation of what executives and analysts believe is retaliation over the arrest of a Huawei executive.

 
And Chinese importers say strict customs inspections have disrupted shipments of a broad range of Canadian agricultural products, an indication of a wider-reaching effort by Beijing to place economic pressure on Ottawa after it authorized extradition proceedings against Meng Wanzhou, Huawei chief financial officer.

 
”Purchasing plans for wheat, peas, linseed and canola meal have all been cancelled,” said Gao Huazhi, chief executive of Jiangsu Tongliang International, which imports Canadian agricultural products.

 
 
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Editor's picks
 
Goldcorp shares drop amid opposition to takeover offer
  Goldcorp shares drop amid opposition to takeover offer
 

Niall McGee and Rachelle Younglai

 
Mining reporter
 
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The close: Wall Street tumbles as Treasury yields fuel economic fears; TSX drops as data disappoints
The close: Wall Street tumbles as Treasury yields fuel economic fears; TSX drops as data disappoints
 
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Fixed mortgage rates are diving. Here’s where to get the best deals
Fixed mortgage rates are diving. Here’s where to get the best deals
 

Robert McLister

 
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Latest posted news
 
Ode to the five-hour workday
  Ode to the five-hour workday
 
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Bombardier nominates next generation of Bombardier-Beaudoin family members for two board seats
  Bombardier nominates next generation of Bombardier-Beaudoin family members for two board seats
 
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Streetwise newsletter: Catch up on the best reads of the week
  Streetwise newsletter: Catch up on the best reads of the week
 
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Opinion
 
China’s embrace of Italy is not about investments; it’s about influence in Brussels
  China’s embrace of Italy is not about investments; it’s about influence in Brussels
 

Eric Reguly

 
European bureau chief
Chinese President Xi Jinping on Friday was given an Italian welcome worthy of the return of a conquering Roman emperor. On a warm, sunny day, the red-carpet treatment in all its flummery included horse guard escort, a private tour of the Colosseum and a state dinner with Italian President Sergio Mattarella in the Quirinale Palace, where the talent was opera star Andrea Bocelli.

 
The ostentatious display marked a historic occasion for the populist Italian government: Italy will become the first Group of Seven country to join China’s Belt and Road Initiative (BRI) when, on Saturday in Rome, Mr. Xi and Italian Prime Minister Giuseppe Conte are to sign a BRI memorandum of understanding.

 
The spectacle of reviving the ancient Silk Road delighted the leaders of the Five Star Movement, which forms half of Italy’s ruling coalition and whose resident sinologist, Undersecretary of State Michele Geraci, was the driving force behind the deal. But the spectre of Italy possibly slipping into China’s economic hinterland disturbed many commentators and some of Italy’s main Western and NATO allies, notably the United States. They warned that Italy was making a deal with the devil and would get burnt alive.

 
 
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Michael Babad's Business Briefing
 
Canada loses its perch in global housing markets: What new rankings show
  Canada loses its perch in global housing markets: What new rankings show
 

Michael Babad

 
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From energy and resources
 
  Duke Energy CEO’s pay drops to $14-million after major 2017 raise
 
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From financial services
 
  OSFI official Carolyn Rogers named secretary-general of Basel Committee on Banking Supervision
 
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Inside the Market
 
  Empire CFO Michael Vels buying the dip
 
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From economy
 
Canadian yield curve inverts, flashing warning signs about economy and sending loonie lower
 
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From technology, telecom and media
 
European Union to ignore U.S. calls to ban Huawei, but still monitoring cybersecurity risks
 
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From international business
 
Trump offers Federal Reserve job to campaign adviser Stephen Moore
 
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From small business
 
Report on Small Business Newsletter: Top takeaways for private companies on the federal budget
 
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From careers
 
Social entrepreneurs wade into a global problem – sustainable water
 
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Air Canada, WestJet purchased safety option reportedly missing on crashed Boeing 737 planes
Air Canada, WestJet purchased safety option reportedly missing on crashed Boeing 737 planes
 

Ross Marowits

 
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Portugal River Cruise
 
Join Globe and Mail Publisher and CEO, Phillip Crawley and Editor-in-Chief, David Walmsley as they host the second sailing of The Globe and Mail Portugal River Cruise from July 28 to August 7. This custom-built tour begins with a 3-night stay at the 5-star Tivoli Lisbon hotel and continues on from spectacular Porto where we embark on a journey through the beautiful Douro River Valley. All the while, cruise culinary hosts Tara O’Brady and Beppi Crosariol plus your favourite journalists will all be there to narrate the very best the region has to offer.
 
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