News of the day: Loonie ‘imbalance,’ boosting Canadian investment, buying U.S. contract stocks, Empire earnings, best way to use an inheritance and more

U.S. President Donald Trump's comments about a currency 'imbalance' appeared to be in reference to the Canadian dollar's relative weakness compared to the U.S. dollar. Photo by Peter J Thompson/National Post files

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It’s Thursday, Sept. 10. Here are the top stories we’re following today.

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U.S. President Donald Trump opened a new front in the trade war earlier this week, accusing Canada of running a currency “imbalance” two days before Canadian counter-tariffs took effect. “Canada’s (currency) dollar imbalance with the U.S. is unacceptable. It has been that way for years — but no longer!” he wrote in a social media post. What did Trump mean by imbalance, and could the U.S. really target the exchange rate as part of the trade war? The Financial Post explains.

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Deborah Orida, chief executive of PSP Investments, during an event at The Canadian Club in Montreal, Que., 2024. Photo by Graham Hughes/Bloomberg files

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The Public Sector Pension Investment Board expects to boost investments in Canada by 30 per cent to 40 per cent over the next few years, bringing its total assets invested at home above the $100 billion level.

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Nearly 20 per cent of WSP Global Inc.’s consolidated gross revenue came from the U.S. public sector in 2026. Photo by Wil Andruschak/Postmedia files

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United States President Donald Trump‘s efforts to block Canadian companies from securing U.S. government contracts have hit the shares of some of the country’s publicly traded engineering firms that do business stateside, but one analyst thinks their stocks are a buy, nonetheless.

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Sobeys Inc. parent Empire Co. Ltd. reported first quarter earnings on Sept. 10, 2026. Photo by Peter J. Thompson /Financial Post

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The parent company of grocery chain Sobeys Inc. on Thursday released its financial results for the first quarter ended Aug. 1, net earnings of $233 million, a 9.9 per cent jump from the prior year, while earnings per share climbed 14.3 per cent to $1.04 per share.

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Clearing debt may not feel as memorable as a trip or meaningful purchase, but it can make everyday life easier. Photo by F.J. Jimenez/Getty Images

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This is an opportunity to clear debt, keep a safety cushion and set aside a small amount in your mother’s memory, writes Mary Castillo.

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