From china. This is on top of the most favoured nation tariff of 6. 1 already slapped onto chinese produced evs that are imported into canada. Now, the government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, says these measures were about protecting domestic producers. The reality is china has an intentional state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector. Talk to the aluminium sector to understand how effective that has already been. We simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs in may whilst the eu is also imposing higher tariffs. It comes after Us National Security advisorjake sullivan, whos en route to beijing, touted the need for a united front on tariffs when he met Withjustin Trudeau an
And we have more jobs data out of the United States as the bureau of labor statistics announced nonfarm payrolls grew by 661000. 00 in september while the Unemployment Rate dropped to 7. 9 percent from 8. 4 percent in august comus had expected gains of as much as 800000. 00 jobs but we missed the mark there now the sectors that gained the most in september included leisure and hospitality retail and health care and social assistance losses came in Government Employment which lost 216000 jobs employment in local and State Government education also fell 5231049000 respectively as many schools remain closed in favor of at Home Learning due to the pandemic now this was the last jobs report before novembers election and it will be introducing to see what happens in october without another stimulus package as we are already seeing tens of thousands of travel and leisure jobs lost in just the last week and with all of this Economic News from the president s diagnosis to a lack of stimulus to
Is boom bust the one business show you care if afford to miss friendship or in washington coming up another world leader has tested positive for corona virus as the pandemic continues to ravage the globe straight ahead we bring you the latest details on the breaking diagnosis and how the world is responding and there has been a major crackdown on the cryptocurrency industry of Exchange Giant bit max has faced some scrutiny from regulators well bring you up to speed on the controversy with 2 keen crypto observers with a packed show today. We lead the program with news that u. S. President donald trump and 1st lady maloney a trump have tested positive for cope at 19 the president announced the diagnosis on twitter hours after tweeting he and the 1st. Lady were waiting for test results following news that one of his top aides hope pics had contracted the virus in a tweet sent around 1 am friday morning trump said they will begin the quote quarantine and Recovery Process immediately adding
We lead the program with news that u. S. President donald trump and 1st lady maloney a trump have tested positive for cope at 19 the president announced the diagnosis on twitter hours after tweeting he in the 1st lady were waiting for test results following news that one of his top aides hope pics had contracted the virus in a tweet sent around 1 am friday morning trump said they will begin the quote quarantine and Recovery Process immediately adding we will get through this together following reports questions were raised as to whether other Administration Officials had been exposed to the virus Devon Omalley the press secretary for Vice President mike pence issued a statement saying as has been routine for months Vice President pence is tested for coping 1000 every day this morning Vice President pence and the 2nd lady tested negative for cope at 19. Vice president remains in good health and wishes the troops well we recover so with the latest news well lets take another look at the
And health care and social assistance losses came in Government Employment which lost 216000 jobs employment in local and State Government education also fell 5231049000 respectively as many schools remain closed in favor of at Home Learning due to the pandemic now this was the last jobs report before novembers election and it will be introducing to see what happens in october without another stimulus package as we are already seeing tens of thousands of travel and leisure jobs lost in just the last week and with all of this Economic News from the president s diagnosis to a lack of stimulus to unemployment data lets go ahead and see how Global Markets reacted this week were to star in russia where the mo x. Is down for the week the ruble saw some gains midweek on u. S. Stimulus hopes but fell on friday spur bank shares fell 8 percent while shares they fell 3 percent moving to asian markets the shanghai composite ended the week just below flat chinas official manufacturing purchasing Ma