A finance professor at the University of Toronto says American banks do operate in Canada despite assertions by U.S. President Donald Trump that they are not allowed to do business in the country. The Office of the Superintendent of Financial Institutions lists Amex Bank of Canada, Citibank Canada and J.P. Morgan Bank Canada on Schedule II, all having U.S. parent companies.
Companies in British Columbia are in the process of redirecting critical minerals and energy products to markets outside the United States, Premier David Eby said, as the reality of U.S. President Donald Trump's tariffs sets in. Eby noted B.C. has opened new trade offices in Taiwan, Vietnam and the Philippines over the last 18 months.
The first widespread snowfall of winter has hit Metro Vancouver, with Environment Canada warning the ongoing wintry blast could eventually bring up to 25 centimetres to start off a frigid week. The weather agency says in a snowfall warning for the region that "intense flurries" could bring heavy accumulation and cut visibility on roads.
BC politicians are calling on the premier to do more as the province prepares to face U-S tariffs on Canadian goods. City of Surrey Mayor Brenda Locke says she wrote to David Eby yesterday urging him to roll out a comprehensive relief package, similar to what was introduced during the COVID-19 pandemic, to support businesses and families.
A bitter cold spell sweeping over coastal and northern British Columbia has brought snow and prompted school and college closures. Environment Canada has issued extreme-cold or arctic-outflow warnings for numerous areas in the province, saying wind-chill temperatures could drop to minus 45 in the north and reach minus 25 on the coast.
Canada’s famous prognosticating rodents were split over spring’s arrival on Groundhog Day. Ontario’s Wiarton Willie reportedly did not see his shadow on Sunday morning, which is good news for people tired of wintry weather. But Nova Scotia's Shubenacadie Sam and Quebec’s Fred la Marmotte saw their shadows, predicting a long winter ahead.