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

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

Trump is angry about the loonie ‘imbalance’: But what does he mean and what can he do about it?

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.

PSP aims to boost Canadian investments by at least 30 per cent in coming years, CEO says

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.

These Canadian companies with U.S. contracts are a buy for this analyst following double-digit drops

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.

Sobeys parent Empire reports 9.9% jump in net earnings as fuel sales soar

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.

I want to honour my mother’s gift. If I have debt, what’s the best way not to waste it?

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.