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Derek DeCloet

Derek DeCloet

Managing Editor at Bloomberg News - Toronto Bureau

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Influence score
26
Phone
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Location
Canada
Languages
  • English
Covering topics
  • General Assignment News

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Recent Articles

bloomberg.com

GM, Stellantis to Lose Part of Canada Tariff Break After Job Cuts

General Motors Co. and Stellantis NV will be forced to pay tariffs on some US-made vehicles they import for sale in Canada, after the companies decided to reduce assembly-line work at factories in Ontario.
bloomberg.com

GM Ends Electric Van Output in Latest Setback for Canadian Autos

General Motors Co. is ending production of electric delivery vans at a plant in southern Ontario, dealing another blow to a Canadian auto sector that is hemorrhaging jobs.
bloomberg.com

Carney Says NATO Can Flex Hard Power If Russia Breaches Airspace Again

NATO countries should keep “all options” open if Russia violates their airspace again, including shooting down Russian jets, Canadian Prime Minister Mark Carney said.
bloomberg.com

Canada Threatens to Sue Stellantis Over US Jeep Work Move

Canada threatened legal action against Stellantis NV after the carmaker announced it’s canceling plans to make the Jeep Compass SUV in Brampton, Ontario, and moving that production to Illinois instead.
bloomberg.com

Cenovus Sweetens Offer for MEG in Canada Oil Takeover Battle

Canada’s Cenovus Energy Inc. increased its takeover bid for rival MEG Energy Corp. one day before investors were due to vote on it, signaling the companies’ original deal didn’t have enough shareholder support.
bloomberg.com

Cenovus CEO Says He’s ‘Closing the Door’ on Higher MEG Offer

Cenovus Energy Inc.’s top executive said the company doesn’t plan to increase its takeover offer for oil sands producer MEG Energy Corp., despite a higher rival bid from Strathcona Resources Ltd.
bloomberg.com

Nvidia-Backed Cohere Forms AI Alliance With Telecom Firm BCE

Artificial intelligence startup Cohere Inc. reached a deal to integrate its AI models into services provided by BCE Inc., Canada’s largest telecommunications firm by revenue.
bloomberg.com

Brookfield, Birch Hill Snag Canadian Mortgage Firm in $2.1 Billion ...

Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion).
bloomberg.com

Canada’s Boycott of US Liquor Hits Domestic Alcohol Sales

Canada’s boycott of American spirits isn’t just dragging down sales of US brands in the country. It’s squeezing all alcohol spending, including for domestic products, according to the latest analysis from the trade group Spirits Canada.
bloomberg.com

Canada Seeks Southeast Asia Trade Deal to Blunt Trump Tariffs

Canada’s top diplomat said she aims to finalize a free trade agreement with Southeast Asian nations “as soon as possible,” as the country looks to expand economic ties in the face of tariffs from President Donald Trump.
bloomberg.com

Canada Drops Digital Tax That Infuriated Trump to Restart Trade Talks

Canada withdrew its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the US.