Canadian exporters pumped despite challenges

Road bumps include difficulty hiring skilled labour and uncertainty over trade agreements with the U.S., according to survey

Canadian exporters pumped despite challengesCanadian exporters may face challenges these days but in the short-term they remain fairly optimistic. Export Development Canada’s Mid-Year Trade Confidence Index, a bi-annual survey of 1,000 Canadian exporters, finds that optimism is rising for all firm sizes, sectors and regions of the country. “Canadian exporters are pumped about higher global growth and are busy…

We don’t want to go where trade wars have taken us before

Trump is obviously not deterred by the warnings from economists of a global trade war that could usher in a new depression

We don’t want to go where trade wars have taken us beforePresident Donald Trump has unveiled a long list of punishing tariffs that will affect everyone. Is this the beginning of a worldwide trade war or simply a clever negotiating tactic by a man who sees himself as an expert on “the art of the deal” – an opening salvo in his campaign to get a…

Trade war a serious threat to Canadian economy: report

Conference Board of Canada says potential breakup of NAFTA and daily threats of new tariffs weigh heavily

Trade war a serious threat to Canadian economy: reportThe Canadian economy is expected to grow by 1.8 per cent this year, down from three per cent growth last year, and the threat of a trade war with the U.S. could add a further shock to the economy, says the Conference Board of Canada. “An easing pace of consumer spending, potential breakup of NAFTA…

Canadian trade deficit widens in May

Imports of aircraft and other transportation equipment, as well as energy products, contributed the most to the increase

Canadian trade deficit widens in MayStatistics Canada reported Friday that Canada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April. “Imports rose 1.7 per cent in May to $51.1 billion, with eight of 11 product sections increasing. Imports of aircraft and other transportation equipment as well as energy products contributed…

America’s Gulliver complex casts us all as petty Lilliputians

The post-war status quo has the stamps of American idealism and system design all over it. Yet Trump wants to blow it all up

America’s Gulliver complex casts us all as petty LilliputiansFor many Americans, blowing up the global status quo is seen as a necessary precondition for the revival of American greatness. The sense of American victimhood that lies behind this kind of thinking has triggered nothing less than a deep-seated Gulliver complex at work on a world stage. There’s a near continuous barrage of negativity…

Soup’s on: major upheaval awaits the food industry

Kraft Heinz may not get its hands on Campbell Soup, but the industry still faces major consolidation and widespread change

Soup’s on: major upheaval awaits the food industryCampbell Soup Co. stocks soared after news suggesting the company could be bought by Kraft Heinz Co., one of 3G Capital and Warren Buffett’s pet projects in the food sector. Even though the deal is highly unlikely, the rumours point to a much larger story in food processing. Since 2013, the acquire-and-cut modus operandi has…

EDC’s lack of cash threatens taxpayers

The Crown corporation could be worth up to $30 billion if divested. But it could be worthless if it can’t realize its assets as cash

EDC’s lack of cash threatens taxpayersBy Ian Madsen and Alexandra Burnett Frontier Centre for Public Policy Export Development Canada (EDC) is unable to convert its reported profits into cash, posing an increasing risk to Canadian taxpayers. And it has been funding ventures that are normally considered too risky for commercial banks to handle. EDC is a federal Crown corporation that…

Canada must abandon agriculture marketing boards

Why should the U.S. not put barriers up against our products when we so effectively keep out some of theirs?

Canada must abandon agriculture marketing boardsSometimes political parties and the governments and oppositions they form forget that they exist to improve and enhance the lives of the Canadians who vote for them. So it made me very happy to see the federal Conservatives pressuring the Liberal government to let us know what a carbon tax would cost the average Canadian…

Buy Canadian economics carry a steep cost

While Canadians may embrace buying Canadian food products in retaliation for the trade dispute with the U.S., it won't come cheap

Buy Canadian economics carry a steep costCanadians are encouraging one another to go “Trump-free” – that is, to shop for groceries without buying a single American product. Even restaurants are jumping on the bandwagon by serving “Trump-free” dishes. These are interesting reactions in the face of Washington’s somewhat contradictory foreign trade policies. In a nutshell, here’s what happened following the G7…
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