Canada needs freer dairy trade

The economic damage of supply management to Canadian families is significant. But we failed to get rid of it in recent trade talks

Canada needs freer dairy tradeThe new United States-Mexico-Canada Agreement (USMCA) is a mixed bag for Canadians. The bright side is that it’s certainly better than having no trade agreement, and is more desirable than the massive uncertainty that comes with not knowing whether an agreement will be reached. On the down side, trade between Canada and the United States…

Raise a glass of milk to Donald Trump

The U.S. president has helped Canadian consumers by forcing Canada to concede a portion of its dairy market

Raise a glass of milk to Donald TrumpBy Patrick Luciani and Owen Lippert Atlantic Institute for Market Studies If U.S. President Donald Trump is looking for friends, he won't find them in Canada, especially after dressing down Prime Minister Justin Trudeau for being “very dishonest” at the G7 meeting in Quebec earlier this year. That insult won't be soon forgotten. But unintentionally,…

Canadian trade deficit narrows

Import volumes decreased 1.5% while prices rose 1.1%: StatsCan

Canadian trade deficit narrowsCanada's merchandise trade deficit with the world narrowed to $416 million in September from $551 million in August, as imports fell 0.4 per cent while exports edged down 0.2 per cent, according to Statistics Canada. “Total imports fell 0.4 per cent to $50.8 billion in September, despite gains in six of 11 product sections. Import…

Globalism trumped by Trump’s international vision

Many thought his staunch nationalism would kill the economy and spark international conflict. They were wrong

Globalism trumped by Trump’s international vision“In less than two years, my administration has accomplished more than almost any administration in the history of our country,” U.S. President Donald Trump recently told the United Nations. His overstatement inspired some chuckles, to which he quipped, “So true. … Didn’t expect that reaction, but that’s okay,” he smiled as the laughter grew, overtaken…

Stephen Harper returns, and he has plenty to say

The former Conservative prime minister has advice for us on Trump, economics, immigration and more

Stephen Harper returns, and he has plenty to sayStephen Harper is back. After flying under the radar for the last three years, Canada’s former prime minister has returned to the arena, albeit not as an active politician. Instead, he’s a commentator with several messages to impart, all of which are packaged in his new book Right Here Right Now. Not everyone is impressed.…

The cash cows of USMCA: how Canada’s dairy industry can survive

A clear vision and strategy for dairy’s future is imperative, with a forward-looking focus on domestic and foreign markets

The cash cows of USMCA: how Canada’s dairy industry can surviveThe United States-Mexico-Canada Agreement (USMCA), or NAFTA 2.0, could be the watershed moment Canadian dairy farmers have been waiting for. The federal government of Prime Minister Justin Trudeau has committed to compensating the dairy sector for either lost sales, higher per-unit costs or the loss in value of quotas. The government has been clear on…

New trade deal increases American sway over Canada

The purpose of the USMCA is to first promote the economic and trade interests of the U.S. within North America

New trade deal increases American sway over CanadaThe great vociferous North American trade negotiations are finally over. And while the deal could still be derailed by the coming November mid-term elections in the United States, it’s very likely that the United States-Mexico-Canada Agreement (USMCA) will be the new framework for conducting trade on the continent. There has been a lot of ink…

Trans Mountain mired in hopeless consultations and useless studies

The court decision against the pipeline veered away from objective legal analysis into opinions designed to justify preconceived biases

Trans Mountain mired in hopeless consultations and useless studiesFor the second time in two years, three judges with the Federal Court of Appeal struck down a crucially important oil export pipeline project that had undergone years of regulatory review. The approval of Northern Gateway by the former federal government of Conservative Stephen Harper was struck down in 2016. That was after Enbridge spent…

Time for Canada to forge its own trade destiny – outside USMCA

NAFTA made us dependent on the U.S. The new trade deal will do more of the same. We need to globalize our trade perspective

Time for Canada to forge its own trade destiny – outside USMCANow that the dust has settled on United States-Mexico-Canada Agreement (USMCA), what are the key takeaways and what should Canadians be doing next? The first and most obvious takeaway is acceptance: this deal is poison. USMCA does not create a free-trade zone. In fact, the words 'free trade' never appear in the documents. This is…

Canadian trade balance in surplus for first time since December 2016

Total imports declined 2.5% to $50 billion in August, with decreases in seven of 11 product sections: StatsCan

Canadian trade balance in surplus for first time since December 2016Canada's merchandise trade balance with the world in August was in a surplus position for the first time since December 2016, according to Statistics Canada. The federal agency reported on Friday that the $526 million surplus followed a $189 million deficit in July. Both imports and exports declined in August. Imports fell 2.5 per cent,…

The new NAFTA isn’t perfect but we all win

Finally, the U.S., Canada and Mexico are back on the same free trade page

The new NAFTA isn’t perfect but we all winLate Sunday eve, ye modern-day Paul (or Paula?) Revere took thy faithful steed through th’ cobblestone road of Ottawa’s dark ’n’ gloomy Byward Market. A glorious message was spread o’er hill ’n’ dale, rising to the heavens above, “The Canadians are coming! The Canadians are coming! And we saved NAFTA, eh?” It’s done, ladies and…

How USMCA democratized supply management

The new North American trade agreement has forced Canadians to look honestly at our dairy industry

How USMCA democratized supply managementNobody should be surprised – concessions on dairy access during the United States-Mexico-Canada Agreement (USMCA) negotiations were foreseeable. Americans went from wanting to tweak the North American Free Trade Agreement last year to getting significant concessions from Canada in the USMCA, which replaces NAFTA. It’s a deal we needed, of course. But how will our…

Can we avoid another financial crisis?

We need to embrace intangible assets. And the lending world and investors need to free up funds to support intangible creators

Can we avoid another financial crisis?Could intangibles help avert the next financial crisis? Yes. And they'd better, because the train of global prosperity is about to jump the track and intangible assets are the only possible salvation. Today's headlines are depressing. There's a constant stream of negativity led by U.S. President Donald Trump's assault on the North American Free Trade…

The Canadian economy is at the precipice

From uncertain trade talks to lack of affordable housing to rising interest rates to government debt, the warning signs are rising

The Canadian economy is at the precipiceAny projection of the Canadian economy’s trajectory depends heavily upon one’s outlook for the ongoing North American Free Trade Agreement (NAFTA) negotiations. If the United States and Canada renew NAFTA, the outlook for Canada’s economy will obviously improve relative to the current state of uncertainty. Conversely, a collapse of bilateral negotiations, and imposition of tariffs…

Trade, deficit reduction and tax reform critical as recession looms

The federal government must act quickly on 3 fronts if it is to head off economic disaster

Trade, deficit reduction and tax reform critical as recession loomsWith the resumption of Parliament, Canada’s policy-makers face a turbulence. The United States and China are waging an economic Cold War armed with tariffs. And Ottawa continues negotiating with the administration of U.S. President Donald Trump over the North American Free Trade Agreement (NAFTA), with an American deadline looming on Sept. 30. Alongside all this,…
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