BNN Bloomberg's closing bell update: July 14, 2023

BNN Bloomberg's Jacqueline Hansen provides a final update on the trading day.

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Canada ban on fossil fuel tax breaks to target measures that boost production - BNN BloombergCanada will propose long-awaited measures to end some fossil fuel subsidies this month, becoming the first country in the Group of 20 to make the move, its environment minister said.
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Union and employers consider mediator's deal that would end B.C. port strike - BNN BloombergBoth sides in the ongoing British Columbia port strike will have to decide today whether to accept terms of a settlement recommended by a federal mediator that would end the 13-day-old industrial action.
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U.S. stocks extend rally as risk-on mood sinks dollar - BNN Bloomberg​The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low.
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Bank of Canada suggests 'firms abroad' are keeping prices high - BNN BloombergThe Bank of Canada has started looking more closely at the role of company profits in its fight against persistent inflation, and the idea was gestured at again on Wednesday along with news of the latest interest rate hike.
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More than 1,000 Canadians take CRA to court over pandemic payments - BNN BloombergThe government's subsequent attempts to claw back pandemic funds from those it now deems ineligible set the stage for more than 1,000 battles in Federal Court between claimants and the Canada Revenue Agency.
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Union and employers receive mediator's terms to end B.C. port strike, source says - BNN BloombergLabour Minister Seamus O'Regan has given a federal mediator 24 hours to send him recommended terms to end the British Columbia port strike that has snarled cargo in about 30 ports and spurred fears of supply chain chaos across Canada.
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