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Trudeau says Trump would raise prices on Americans if he follows through on Canada tariff threat

Trudeau says Trump would raise prices on Americans if he follows through on Canada tariff threat

By ROB GILLIES, Associated Press

TORONTO (AP) — Canadian Prime Minister Justin Trudeau said Friday that if President-elect Donald Trump follows through on this threat to impose sweeping tariffs on Canadian products, he would be raising prices for Americans and hurting American business.

Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don’t stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders.

“It is important to understand that Donald Trump, when he makes statements like that, he plans on carrying them out. There’s no question about it,” Trudeau said to reporters in Prince Edward Island in Atlantic Canada.

“Our responsibility is to point out that he would not just be harming Canadians, who work so well with the United States, but he would actually be raising prices for Americans citizens as well and hurting American industry and business.” read more

Donald Trump’s call for ‘energy dominance’ is likely to run into real-world limits

Donald Trump’s call for ‘energy dominance’ is likely to run into real-world limits

By MATTHEW DALY, Associated Press

WASHINGTON (AP) — President-elect Donald Trump is set to create a National Energy Council that he says will establish American “energy dominance” around the world as he seeks to boost U.S. oil and gas drilling and move away from President Joe Biden’s focus on climate change.

The energy council — to be led by North Dakota Gov. Doug Burgum, Trump’s choice to head the Interior Department — will be key in Trump’s pledge to “drill, drill, drill” and sell more oil and other energy sources to allies in Europe and around the globe.

The new council will be granted sweeping authority over federal agencies involved in energy permitting, production, generation, distribution, regulation and transportation, with a mandate to cut bureaucratic red tape, enhance private sector investments and focus on innovation instead of “totally unnecessary regulation,” Trump said.

But Trump’s energy wishes are likely to run into real-world limits. For one, U.S. oil production under Biden is already at record levels. The federal government cannot force companies to drill for more oil, and production increases could lower prices and reduce profits. read more

4 secrets for eating better on cruises: tips from top chefs

4 secrets for eating better on cruises: tips from top chefs

By Sally French, NerdWallet

It’s getting easier to find top-notch dining experiences on cruises.

Cruise lines are increasingly catering to high-end tastes, offering specialty dining experiences often led by high-profile chefs. For example, British royal chef Darren McGrady, who once served Queen Elizabeth II and Princess Diana, helped create an afternoon tea experience for Princess Cruises.

Even notoriously budget-oriented cruise lines market to foodies with celebrity endorsements. Carnival Cruise Lines features Food Network personality Guy Fieri through his onboard restaurants including Guy’s Burger Joint and Guy’s Pig & Anchor Bar-B-Que Smokehouse.

No matter your cruise budget, here are some chef-approved tricks to eating better on a cruise.

1. Try a specialty dining experience

Pottery, Saucer, Cup

Afternoon tea served on the Sun Princess. (Photo by Sally French)

British royal chef Darren McGrady helped create an afternoon tea experience for the Sun Princess ship from Princess Cruises, which debuted in the spring of 2024. For $30, guests can take part in an hour-long experience filled with stories from McGrady’s time with the royal family, etiquette tips and history lessons — all presented via a series of video clips. (While on a press trip on the Sun Princess, I was able to join one of these afternoon teas.) read more

The 10 golden rules of investing everyone should follow

The 10 golden rules of investing everyone should follow

James Royal, Ph.D. | (TNS) Bankrate.com

Investing can often be broken down into a few simple rules that investors can follow to be successful. But success can be as much about what to do as it is what not to do. On top of that, our emotions throw a wrench into the whole process. While everyone knows you need to “buy low and sell high,” our temperament often leads us to selling low and buying high.

So it’s key to develop a set of “golden rules” to help guide you through the tough times. Anyone can make money when the market is rising. But when the market gets choppy, investors who succeed and thrive are those who have a long-term plan that works.

Here are 10 golden rules of investing to follow to make you a more successful — and hopefully wealthy — investor.

Rule No. 1 — Never lose money

Let’s kick it off with some timeless advice from legendary investor Warren Buffett, who said, “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.” The Oracle of Omaha’s advice stresses the importance of avoiding loss in your portfolio. When you have more money in your portfolio, you can make more money on it. So, a loss hurts your future earning power. read more

5 biggest financial regrets and lessons from baby boomers

5 biggest financial regrets and lessons from baby boomers

Rachel Christian | (TNS) Bankrate.com

Most baby boomers — those born between 1946 and 1964 — are now in retirement. While many have enjoyed successful careers and comfortable lifestyles, others find themselves in a less-than-ideal financial situation. A common regret among this generation is not saving more for their golden years.

According to Bankrate’s 2024 Financial Regrets survey, 37% of baby boomers (ages 60-78) say their biggest financial regret is not saving enough for retirement. Of participants in the survey, it was the most commonly cited regret by far.

By examining the financial regrets and successes of baby boomers, younger generations can learn from their good habits — and steer clear of their bad ones.

5 biggest financial lessons from baby boomers

Here are the five biggest lessons younger generations can learn from baby boomers — and how to implement these good habits into your own life.

1. Start saving early

If boomers could go back and do one thing differently, many would start saving for retirement earlier.

Saving for retirement might not be top of mind when you’re just starting out in your career, but thanks to the power of compound interest, it pays to start early. Every dollar you save today has the potential to grow exponentially over time. read more