Here are five things you need to know this morning.
A deer stands in a canola field near Olds, Alta., Thursday, July 16, 2020. THE CANADIAN PRESS/Jeff McIntoshChina has launched an, embroiling the $5 billion industry into a nascent trade war between the two countries. The move comes after Canada slapped tariffs of up to 100 per cent on Chinese-made EVs, as well as 25 per cent levies on steel and aluminum.
. The business consists of about 100 gas stations, nine cardlock facilities and four storage plants. The company says it has seen substantial interest in buying the business, which is improving, but the company wants to reallocate the capital to other more accretive parts of the business. The move comes as Parkland faces continuing pressure from Simpson Oil, which owns 20 per cent of the company and has been pushing for the company to get new leadership.
, which would be the third cut in a row. Currently market expectations are that the Bank of Canada is going to cut for seven policy meetings in a row, so a cut tomorrow would place the bank near the middle of its cutting cycle. While anything but a 25-point cut would be a shock, the bank’s comments on the outlook will be closely scrutinized to try to decipher their line of thinking.
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