KeatsConnelly Cross-Border Weekly Best of the Web 2014-2-13

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets. This week we offer a mix of articles discussing the weather’s effect on the economy, the Canada/US price gap, Canadian Visas, and US unemployment.

Cold weather touches the brakes on America’s economy as retail sales slump, jobless claims rise(www.financialpost.com) WASHINGTON — U.S. retail sales fell unexpectedly in January and the number of Americans filing new claims for unemployment benefits rose last week, in the latest signs of slowing economic growth early in the first quarter. The Commerce Department said on Thursday retail sales fell 0.4% last month, led by a drop in automobile sales…

Federal Budget 2014: Can Ottawa really get rid of that annoying price gap between Canada and U.S.?(www.financialpost.com) Finance Minister Jim Flaherty said his government plans to introduce legislation to try to stop companies from charging higher prices in Canada than they do in the U.S. The proposed law will address “price discrimination that is not justified by higher operating costs in Canada,” according to budget documents presented Tuesday by Flaherty in Ottawa. The country’s Competition Bureau will oversee the law, to be introduced in the coming months, according to the budget…

Canada kills investor visa popular with Chinese (http://money.cnn.com) Canada is killing a decades-old investor program that had allowed scores of wealthy Chinese to move to the country over the years. The program allowed rich foreign investors to apply for permanent residency in Canada if they had a minimum net worth of 1.6 million Canadian dollars ($1.5 million) and invested 800,000 Canadian dollars in the form of a multi-year, interest-free loan to the government…

Yellen: ‘Too many Americans remain unemployed’ (http://money.cnn.com) The Federal Reserve’s leadership may have changed, but the message remains the same. The Fed will continue reducing its stimulus as the economy gradually improves, Janet Yellen told the House Financial Services Committee on Tuesday…

Come back next week for more interesting news and articles. Enjoy your weekend!

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