‘Dear Canadian’: U.S. Tourist Spots Desperate as Canadian Visitors Vanish

‘Dear Canadian’: U.S. Tourist Spots Desperate as Canadian Visitors Vanish

Canadian travellers are skipping trips to the United States in large numbers, frustrated with President Donald Trump’s tariffs and political rhetoric. The backlash is hitting American destinations hard, especially those that rely on cross-border visitors. So far this year, visits from Canada to the U.S. are down 25.2%, according to Tourism Economics. In July, car…

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UK chasing £90m in taxes from temp staffing firm rescued from insolvency

UK chasing £90m in taxes from temp staffing firm rescued from insolvency

The £18m deal to acquire Challenge Recruitment Group assets from administration repaid private funders in fullThe UK exchequer is chasing about £90m in unpaid taxes after a temporary staffing business was rescued from insolvency proceedings in an £18m deal that reimbursed private funders in full.The main assets of Challenge Recruitment Group, which counted Tesco, Sainsbury’s…

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US Consumer Spending Surges in July as Inflation in Services Heats Up, But Rate Cuts Still Expected

US Consumer Spending Surges in July as Inflation in Services Heats Up, But Rate Cuts Still Expected

U.S. consumer spending saw its biggest jump in four months during July, while inflation pressures in the services sector picked up. Despite the signs of strong domestic demand, economists remain convinced that the Federal Reserve will cut interest rates next month amid weakening job growth. The Commerce Department’s Friday report highlighted mild inflation effects from…

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Canadian Fashion Retailer Ssense Files for Bankruptcy After U.S. Tariff Hike Hits Hard

Canadian Fashion Retailer Ssense Files for Bankruptcy After U.S. Tariff Hike Hits Hard

Canadian fashion retailer Ssense has filed for bankruptcy protection, blaming soaring tariffs tied to the escalating global trade war. The Montreal-based company submitted its application on Thursday, August 28, under Canada’s Companies’ Creditors Arrangement Act (CCAA), which is similar to Chapter 11 bankruptcy in the United States. The CCAA allows businesses owing more than $5…

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