Canada Trade

Canada's August Trade Deficit More Than Double Analyst Expectations

CP | The Canadian Press | Posted 10.06.2015 | Canada Business

Economists had expected a deficit of $1.2 billion in August.

NDP Will Defend Quebec Farms, Ontario Manufacturing: Mulcair

CP | Colin Perkel, The Canadian Press | Posted 10.03.2015 | Canada Politics

Mulcair denounced Harper for negotiating the Trans-Pacific Partnership in secret and promised to stand up for the two sectors most worried about the would-be deal.

The Conservatives Are Betraying Canadian Jobs

John Cartwright | Posted 10.03.2015 | Canada Business
John Cartwright

This will be the first generation of Canadians in our history to be worse off than their parents. That blunt fact is the new reality of our country, where seven per cent of workers are officially jobless (and much more if hidden unemployment is included) and youth unemployment stands at over 13 per cent. And that reality is a direct result of the policies and actions of this Conservative government and the Mulroney government that came before it. Friday's headlines point to the 26,000 auto parts jobs at risk as Harper drives ahead to sign the Trans-Pacific Partnership deal.

Foreign Policy Should Have Taken Centre Stage at the Munk Debate

Carlo Dade | Posted 09.29.2015 | Canada Politics
Carlo Dade

Monday's Munk Debate is probably going to generate a lot chatter about in the small circles in Canada that actually care about foreign policy. That the three candidates themselves had trouble staying on the foreign side of issues and had to be dragged, kicking and screaming, back to foreign policy is only one indication.

Trans-Pacific Partnership Trade Talks Shouldn't Stop for Elections

Mark Warner | Posted 08.20.2015 | Canada Business
Mark Warner

Trade negotiations are growing in importance as developed and developing countries alike increasingly realize that protectionism is not a path to prosperity. Federalism poses challenges for our trade negotiations that are exacerbated by elections at both levels of government in Canada, and among our trading partners. The electoral clock is also ticking on Japanese Diet elections next summer and on U.S. presidential and congressional elections next fall. If the machinery of trade talks ground to a halt every time an election approached, there would be no trade agreements at all -- which is, perhaps, what some people desire.

Canada On Track For A Record Trade Deficit

CP | The Canadian Press | Posted 07.07.2015 | Canada Business

OTTAWA - Canada's trade deficit grew to $3.34 billion in May compared with $3.0 billion in April, increasing the chances the Bank of Canada will cut i...

Canada-EU Free-Trade Deal Not At Risk Of Falling Apart: Ottawa

CP | The Canadian Press | Posted 06.29.2015 | Canada Politics

The federal government says Canada's free-trade deal with Europe is not at risk of falling apart.

CETA's Promise of 80,000 Jobs Doesn't Add Up

Maude Barlow | Posted 06.01.2015 | Canada Business
Maude Barlow

Ed Fast, Minister of International Trade, has repeatedly promised an 80,000 job windfall from CETA. But many economists and commentators have questioned the veracity of economic models of trade agreements saying free trade's returns have been overestimated.

Trade Deficit Hits Record High

CP | Craig Wong, The Canadian Press | Posted 05.05.2015 | Canada Business

OTTAWA - Canada's trade deficit grew to a record $3 billion for March as the drop in oil prices weighed on exports, Statistics Canada said Tuesday, bu...

Canada's Trade Deficit Widens

CP | The Canadian Press | Posted 05.06.2015 | Canada Business

OTTAWA - Plunging oil prices took a bite out of the value of Canada's exports as the country posted a trade deficit of $2.5 billion for January, the l...

Merkel's Political Imperatives Spell Trouble for Canada

Maude Barlow | Posted 04.11.2015 | Canada Politics
Maude Barlow

German chancellor Angela Merkel will be in Ottawa for a visit on Monday, but she may not be bringing the news Stephen Harper wants to hear when it comes to the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). That's because the German government wants to re-open CETA and amend the investor-state dispute settlement mechanism. This controversial provision allows a transnational corporation to sue a national government that passes public interest or environmental legislation that impacts their future profits.

The Norwegian Government Pension Fund -- A Success Story

Mona Elisabeth Brother | Posted 03.21.2015 | Canada Politics
Mona Elisabeth Brother

According to the Oil & Gas Journal (OGJ), Norway had 5.83 billion barrels of proven crude oil reserves as of January 1, 2014, the largest oil reserves in Western Europe. The enormous income to the state from the industry made it possible to create a global pension fund that now owns more than one per cent of global share value.

Why North American and European Small Businesses Need To Start Exporting Now

Eric Quon-Lee | Posted 12.10.2014 | Canada Business
Eric Quon-Lee

Recently there is an increasing need for exports to be built into the growth strategy of any business. Without exports, businesses, whether they are small businesses or multinationals, increasingly risk their long term health and prosperity by ceding rapidly growing markets and brand awareness to up and coming competitors over the long term.

How Small Businesses Get Big International Results

Peter Hall | Posted 12.03.2014 | Canada Business
Peter Hall

Its small share of the overall marketplace might lead many to conclude that small exporters are too small to warrant attention. That would be a great mistake. The dynamism of this segment suggests that it is already a powerful new force in Canada's economy.

Canadians May Finally Get To Taste B.C.'s Premium Wines

Mike Klassen | Posted 11.26.2014 | Canada British Columbia
Mike Klassen

It has been over two decades since B.C.'s wineries first received international gold medals for producing premium wines, yet most Canadian consumers still struggle to get their hands on a bottle. To make matters worse, FedEx has recently given notice it will no longer ship B.C. wine products without provincial regulations that allow for it.

Don't Worry About Canada's Trade Deficit

Peter Hall | Posted 11.12.2014 | Canada Business
Peter Hall

Moves like this don't escape the notice of financial markets, though. Exports will increasingly benefit from the nascent weakening of the Canadian dollar, but the emergence of surpluses may attract portfolio inflows that stem the slide of the loonie. On balance, we don't expect a reversal in our dollar, but there is a risk that as in the past, markets will overreact.

Don't Let Oceana Gold Jeopardize El Salvador's Democracy and Drinking Water

Sujata Dey | Posted 11.12.2014 | Canada Politics
Sujata Dey

In El Salvador, people have died or lost their drinking water sources because of gold mining, contributing to a rising tide against mining. In 2008, the El Salvador government introduced a de facto moratorium on large-scale mining maintained by President Salvador Sánchez Cerén.

Moore 'Impatient' With Provincial Trade Barriers

CBC | Posted 10.23.2014 | Canada Politics

The provinces have been slow to clear barriers to trade that slow the economy, federal Industry Minister James Moore says, leaving him "impatient...

European Country To Reportedly Reject Canada, EU Trade Deal

CP | The Canadian Press | Posted 09.25.2014 | Canada Politics

MONTREAL - The Harper government isn't responding directly to a report that Germany is set to reject Canada's long sought after trade deal between Can...

How Growing Trade Alliances Among Middle-Power Countries Will Harm the Dollar

Qais Ghanem, MD | Posted 08.13.2014 | Canada Politics
Qais Ghanem, MD

The acronym BRICS stands for the group consisting of Brazil, Russia, India, China and South Africa. If predictions are true, Iran and Turkey may soon join, creating BRICSIT. Increasing trade among these economies may be bad news for the U.S. dollar.

Canada, Let's Tear Down These Trade Walls

Michel Kelly-Gagnon | Posted 08.08.2014 | Canada Business
Michel Kelly-Gagnon

Ever wonder why some Canadian small businesses have a harder time selling their goods in the next province than they do in Europe? That's because we Canadians put a lot of effort in crafting trade deals with countries around the world -- which is a very good thing. But we fail to do the same within our borders.

What We Can Do About Canada's Trade Problems

Perrin Beatty | Posted 07.12.2014 | Canada
Perrin Beatty

Canada needs to make more use of direct programming with target countries (nearly 80 per cent of official aid went to foreign agencies in 2013, often on a sole-sourced basis). And more should be done to connect Canadian expertise to multilateral development banks and international humanitarian institutions.

Why Canada Should Demand Sustainable Trade Practices From Its Partners

David R. Miller | Posted 03.18.2014 | Canada Business
David R. Miller

Canada has actually become an international leader in the fight against "pirate" fishing. Shouldn't we be demanding that same level of leadership from others? Shouldn't we be at the table pushing for an agreement that makes strong, legally-binding environmental legislation the foundation for a prosperous and sustainable global economy?

U.S. and Canada Should Become Partners in the Arctic

Diane Francis | Posted 02.12.2014 | Canada Politics
Diane Francis

The fact is that Canada may announce claims, but it's too little too late and quite beside the point. Canada is not even in the Arctic game and cannot catch up unless it invests hundreds of billions of dollars or, alternatively, joins forces with the rich and powerful United States. Here's why.

Is North America Ready for the Ring, or the Gym?

Christopher Sands | Posted 02.05.2014 | Canada Business
Christopher Sands

The Obama administration, the Harper government and the Peña Nieto administration in Mexico all hope to boost economic growth and create jobs by opening up global markets and letting the best North American firms and workers compete. Before stepping into the ring with the world's heavyweight economies, North America needs to listen to Muhammad Ali.