Here are five things you need to know this morning.
Watch BNN Bloomberg live.“I’m actually giving a speech next week in London so I’ll have a lot more to say about this,” was Tiff Macklem’s response last week when I asked him on rate-decision day where trade issues rank on the central bank’s list of risks. Today was the day for him to make good on that promise and he delivered,. That’s critically important for small, open economies such as Canada’s, where exports comprise up to a third of Canada’s national income.
, with Apple losing an old battle over US$14 billion worth of Irish taxes, and Google losing its challenge of a $2.4B fine for abusing market power. The European Union’s Court of Justice ruled in favour of a 2016 decision that found Ireland broke the law when it gave Apple a slew of lucrative tax breaks. The same Luxembourg-based court ruled that Google illegally levered its dominance in search to prioritize its own product listings.
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