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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.
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The provinces have been slow to clear barriers to trade that slow the economy, federal Industry Minister James Moore says, leaving him "impatient" with their level of ambition. On Wednesday...
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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 Canada and the European Union.The leading German news...
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.
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.
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.
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?
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.
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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.
When concluded, the Canada-Japan EPA would create a year-on-year multi-billion-dollar gain for the Canadian economy. A joint study by Canada and Japan has estimated the annual boost to Canada's gross domestic product from an EPA would be between $3.9 billion and $9.3 billion, while the gains for Japan's economy are estimated to be between $4.5 billion and $5.1 billion.
OTTAWA - The Canadian economy seems to have fallen into a hole in June, but not for the reasons many had expected.Statistics Canada reported Tuesday that wholesale trade plunged a massive 2.8 per cent...
Another Conference Board of Canada report claims supply management drives up prices and discourages international trade. There is no evidence that deregulating Canada's dairy market would result in lower prices for consumers. In fact, international experience tells us otherwise.
Big Media lobbyists and unelected bureaucrats are holding closed-door meetings in Malaysia this week, as they continue secret talks on the Trans-Pacific Partnership (TPP) -- a highly secretive and extreme trade deal that includes extreme new copyright rules that could end the open Internet as we know it.
Here at OpenMedia.ca, we've already been hearing from Canadians outraged that our own Members of Parliament are still being denied access to the TPP text -- access that has now been granted to their counterparts in Washington D.C. We know that Canadians will not accept their Members of Parliament being kept in the dark
Stephen Harper's problem is that he thinks too small. No short-term partisan advantage is too minute for him to pursue and no long-term challenge facing the country is too large for him to ignore. By contrast, we need national leaders who will think forward and think big; who will govern intelligently and respectfully; who will call for a new federalism for the 21st century.
Companies need to take more risks in emerging markets so Canada doesn't experience another lost decade for exports, says CIBC's senior economist.Despite nine free trade agreements, the volume of Canad...
If you look around the world at successful dairy farms, they are consistently faced with the issue of competitiveness, which I define as the ability to product a commodity profitably in a sustainable manner year after year. While we have our own challenges in the Canadian dairy sector, we are also fortunate to be working within a system that offers stability and consistency.
Canada's aggressive trade agenda has spawned much political, public and media discussion about the supply management system in place for certain agricultural sectors, including dairy. The C.D. Howe In...
It is the deadliest conflict since World War II, the epicentre has been called the "rape capital of the world," and it has produced a long list of accused before the International Criminal Court charged with war crimes and crimes against humanity. It is a far away conflict in a far away land. But unbeknownst to many readers, it's also in your pocket. Congolese mineral deposits are invaluable to the production of basic electronics, like the cell phone in your pocket and laptop in front of you. The link between the joy our toys bring to us and the suffering they bring to others is irrefutable. Such a reality should be unacceptable.
Normally, this column is forward-looking, but occasionally, it pays to reflect on recent events. Annual merchandise trade data for 2012 are hot off the press, and analysts are still dissecting the det...
Mulcair has made his party and himself invisible while moving his party so far to the right in the blind pursuit of power and it is becoming impossible to distinguish it from the Harper Conservatives. I bet Jack Layton would have been disappointed. For the late beloved leader, he would have settled for continuing to be the "Conscience of the House" rather than sell the soul of the party via a short cut to power.
Because countries often have differing political and economic systems, agreements are needed to protect those invested in trade. Canada has signed numerous deals. Treaties, agreements and organizations to help settle disputes may be necessary, but they often favour the interests of business over citizens.
A confidential government document obtained by CBC News warns the Harper government has been slow to open new markets in Asia, leaving Canada firmly tied to the troubled U.S. economy for a long time t...
The Toronto Blue Jays pulled off a historic 12-player deal with the Florida Marlins. As last evening wore on, the hype and hoopla on Sports Talk Radio in The Big Smoke was ratcheted. Ah, but Toronto being Toronto, all that giddiness, all that love, all that manic mirth was short-lived. By the time I turned on Sports Talk Radio this morning at 6 a.m., confidence in the trade had turned to caution.
Last week, a casualty of China's unfair treatment of foreign investors spoke privately about the new trade deal signed between Ottawa and Beijing. Ottawa capitulated to China on everything. The deal, using a hockey metaphor, allows only a select few to play on Team Canada on a small patch of ice in China and to be fouled, without remedies or referees.
We are shifting out of the patriarchy. The old model built for men does not work for us women as we read in Anne-Marie Slaughter's piece, "Why Women Still Can't Have it All." I admire Slaughter. Except there is one major difference that allows me to have it all; I am a Social Entrepreneur. I don't take this for granted and invite women to design the world they wish to live in.
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Canada's entry into the Trans-Pacific Partnership negotiations last week has been hailed as a new direction for the country's trade policy. It would be wise for Canadian policy makers to also bring to the table new views on trade. Canada's position on trade has been based on clear national identities ("Made in Canada"). But countries are more and more relying on imported inputs to produce their exports. For instance, Canada produces only 70 per cent of its exports value at home, with imported inputs accounting for the remaining 30 per cent.
Geographic(al) indications, or "GIs" are a type of intellectual property that identifies a product as originating from a specific region and acts as a certification that the product has certain qualities or is made in a certain way. In a sense, a GI gives "street cred" to a product based on where it comes from.
If Canada enters into a trade agreement and acknowledges all of the GIs currently recognized in Europe, Canadian companies will lose the ability to label products that are subject to GIS. Consider this: Kraft Parmesan cheese will no longer be allowed to be called "parmesan" (or "parmesan-like" as companies can't even draw similarities or make comparisons to protected GIs).
On the 25th anniversary of the Canada/U.S. Free Trade Agreement, Brian Mulroney says the deal continues to reap rewards for Canada on the international stage. In a wide-ranging interview with the CBC...
A China-Canada trade agreement the Harper government signed earlier this month amounts to a “corporate rights pact” that will make it harder for Canada to enforce environmental, energy and financial p...
The average Canadian likely knows more about the "Caramilk secret" than it does about the issues currently on the table in two major trade negotiations that could significantly impact the Canadian food industry. Clues about the status of the talks and the issues on the table have largely come only through leaked information and speculation.
On Friday, Mark Carney told us that advocates of the so-called Dutch Disease theory have it wrong. A bit of data is a good thing in a heated debate. Consider Statistics Canada latest (seasonally adjusted) monthly manufacturing sales numbers covering June 2012 sales. And when you do, ask yourself a simple question: does the data support Dutch Disease -- or are we seeing a case of a Central Canadian Cold?