News of the day: Trade surplus doubles, powerhouse merger, snowbird tax exemption, Canadian pension plans, federal budgets and more

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Photo by Don McArthur/PostmediaIt’s Tuesday, Oct. 6. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCanada’s trade surplus with the United States grew to $11.2 billion in August from $6.1 billion in July, the largest positive monthly change since 1997, as exports surged ahead of the implementation of U.S. Section 338 levies.This advertisement has not loaded yet, but your article continues below. The corporate headquarters of Emera Inc. and Nova Scotia Power on the Halifax waterfront. Photo by TIM KROCHAK PHOTOGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againEmera Inc. and Canadian Utilities Ltd. have announced a merger that would form a combined company valued at $72 billion and serve six million customers across Canada, the United States and international markets. Condo buildings line the beach April 5, 2016 in Sunny Isle, Fla. Property taxes are only one part of an increasingly expensive calculation for Canadians who own or are considering buying a home in Florida. Photo by Joe Raedle/ /Getty ImagesCanadian snowbirds could be left out of a major property tax break being proposed in Florida, but the constitutional amendment set to go before voters next month could also give them some protection from rising property assessments. A global poll of 430 portfolio managers released by Marsh at the end of September said Canadian asset owners were leading the way in cutting exposure to U.S. equities. Photo by Osarieme Eweka/Getty ImagesHigher interest rates more than compensated for stock market losses to help lift the solvency of Canadian defined-benefit pension plans to a record level, says a new report from Marsh & McLennan Companies Inc. Prime Minister Mark Carney speaks to media in Fort McMurray, Alta., announcing that the Pacific Link pipeline has been listed as a project of national interest, on Oct. 1, 2026. Photo by Itoro Umanah/Fort McMurray Today/Postmedia NetworkSince the 2025 budget, the federal government has split its books into an operating budget and a capital budget and made balancing the operating budget by 2028-29 one of its key fiscal anchors. It’s an old accounting trick, writes Kim Moody.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.