The Brazilian Senate approved the main text of the tax reform bill passed last year.The exchange rate of the Canadian dollar against the US dollar fell to the lowest level since April 2020. As the US dollar strengthened for the fifth consecutive day, the Canadian dollar fell below 1.42 Canadian dollars against the US dollar for the first time since April 2020. According to informed officials, Canada is studying that if US President-elect Donald Trump fulfills his threat to impose extensive tariffs, Canada will impose export taxes on its main exports to the United States.Italian Finance Minister: GDP will increase by 0.7% in 2024.
IBM and Illinois will cooperate with universities and industry to establish the National Center for Quantum Algorithms in Chicago.New york Fed said Neil would return to work in the private sector.Canada is considering imposing tariffs on key resources exported by the United States, calling this a "last resort". It is reported that Canada is currently studying the imposition of export taxes on its main commodities exported to the United States, including uranium, oil and potash fertilizer. According to officials familiar with the internal discussions in the Canadian government, export tariffs will be Canada's last resort (if US President-elect Trump fulfills his promise to impose extensive tariffs). Retaliatory tariffs on American-made goods and export controls on some Canadian products will be more likely to be introduced first. But these officials said that if Trump decides to launch a full-scale trade war, Canada's export tax on goods is a practical choice. The Trudeau government may also propose to expand the power of export control.
New york Fed said Neil would return to work in the private sector.Boeing: The expansion plant in Charleston County is expected to be put into operation in early 2027.Stenn Technologies, a financial technology loan company, has collapsed and most of its employees will lose their jobs. In early December, HSBC Holdings pushed the troubled trade finance company into bankruptcy.