Bloomberg Toyota Motor Corp. led major carmakers reporting lower US sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV. Sales also dropped for General Motors Co. and Ford Motor Co., pacing a 1.8 percent decrease for the ...

  Bloomberg Canada’s economy may be returning to health after an oil shock, but keeping up that momentum could hinge on whether manufacturers show more resilience. Gross domestic product grew 0.4 percent in November after a surprise 0.2 percent contraction the prior month, Statistics Canada said, and advances in exports and jobs have economists projecting fourth-quarter growth at a 1.6 ...

  Bloomberg France’s election is making Europe’s markets nervous. Traders, already wearied from the 2016 gyrations that followed Brexit, Donald Trump’s victory and Italy’s referendum, are pricing in a surge in volatility for April, when the first round of French voting will occur. The scandal threatening to unhinge Republican candidate Francois Fillon’s run for the presidency has raised concerns that ...

  Bloomberg Changes from the Trump administration on work visas will be a boost to Canadian information technology provider CGI Group Inc., a major US government contractor that briefly gained notoriety a few years ago for its role in the Obamacare rollout. The Montreal-based company, which employs more than 11,000 people south of the border, said it’s less exposed than ...

  Bloomberg A Panasonic Corp. inflight entertainment and communications systems subsidiary is under investigation by US authorities for allegedly breaking bribery and securities laws. Panasonic Avionics Corp. is being probed by the US Department of Justice and Securities and Securities Exchange Commission for violating the Foreign Corrupt Practices Act, the Osaka-based company said in a statement on Thursday. Panasonic said ...

  Tight labour markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income inequality could give an epidemic disease a try. This might be a bit extreme but if increased equality is the goal, Stanford’s Walter Scheidel should be heard. His scholarship encompasses many things (classics, history, human biology) and ...

  Wal-Mart Stores Inc.’s newly-anointed e-commerce czar is absolutely right: Offering two-day shipping is mere table stakes. So why hasn’t the retailer upped the ante? Walmart smartly dropped its Amazon copycat membership program on Tuesday and said all customers would now get free, two-day shipping, which was the main feature of the failed $49-a-year ShippingPass program. The only catch is ...

  Keystone XL is back — along with the usual misconceptions about its virtues and dangers. There should be no doubt, however, that President Donald Trump’s executive order advancing the project is a good thing. The reason is simple: By carrying heavy crude from the oil sands of Alberta, Canada, to refineries on the US Gulf Coast and beyond, Keystone ...

  US President Donald trump did it again. He seems to be intent on going against every deal that Obama administration struck with nations around the world. Trump blasted a refugee resettlement deal with Australia reached last year with the Obama administration. The resettlement deal was heralded as the solution, and held up by the Turnbull government as an example ...

  Foreign-exchange markets are trying to determine what an era of tariffs and border taxes would mean for the value of the dollar. In textbook models, a border-adjustment tax could trigger an increase in the value of the real effective exchange rate (a measure of a country’s competitiveness once the nominal exchange rate — the currency traded on the spot ...