Canadian trade balance reaches surplus again

In volume terms, exports increased 4% and imports were up 1.2%, said StatsCan

Canadian trade balance reaches surplus againCanada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016, says Statistics Canada. The federal agency reported on Wednesday that the $762-million surplus in May followed a $1.1-billion deficit in April as exports rose 4.6 per cent in May, in part due to an…

Canada can end the China crisis in one simple move

Since we’re in an economic and moral conflict with China, why not do the entirely virtuous thing and withdraw our recognition of Beijing?

Canada can end the China crisis in one simple moveIn 1970, Pierre Trudeau’s Canadian government cut diplomatic ties with one government claiming to rule China and recognized another. It’s time to reverse that decision. Out went a longtime ally, the quasi-democratic Republic of China, based on the island of Taiwan, and in came the nasty tyranny known as the People’s Republic of China under…

Climate change could bring huge payoff to Canada

As sea ice recedes in the Northwest Passage, new shipping lanes could open that change the world economy

Climate change could bring huge payoff to CanadaIt’s not hard to find opinions on climate change. But however it unfolds, it may yet pay dividends. Radio, television, print media and the Internet provide almost nonstop information on the subject. In Canada, almost all of the information consists of warnings about the harm climate change is expected to cause. In truth, our climate…

Tear down Canada’s interprovincial trade walls

The annual national price tag for maintaining internal barriers may top $130 billion

Tear down Canada’s interprovincial trade wallsInterprovincial free trade, the lowest hanging fruit on the tree of Canadian economic policy, never fails to raise the federal government’s thirst for marvellously empty rhetoric, especially during the toastmaster circuit of every election cycle. So it was earlier this year when New Brunswick’s very own Dominic LeBlanc – minister of Intergovernmental and Northern Affairs…

Trade confidence dips to lowest level in seven years

Disruptive international trade policies have clearly shaken the confidence of Canadian exporters: EDC

Trade confidence dips to lowest level in seven yearsThe latest Trade Confidence Index from Export Development Canada (EDC) says trade confidence among Canada's exporters fell to its lowest level since the European debt crisis seven years ago. “Disruptive international trade policies have clearly shaken the confidence of Canadian exporters,” said Peter Hall, chief economist with EDC, in a news release on Thursday. “One-third of…

Canadian merchandise trade deficit at lowest level since October

But future trade uncertainty being sited by economists as a concern

Canadian merchandise trade deficit at lowest level since OctoberCanada's merchandise trade deficit with the world narrowed from $2.3 billion in March to $966 million in April, the lowest deficit since October 2018, according to Statistics Canada. The federal agency reported on Thursday that Canada's exports rose 1.3 per cent in April, due mainly to higher exports of gold. Imports decreased 1.4 per cent,…

How Canada can benefit from the U.S.-Mexico dispute

Mexico has almost 130 million people, yet we’ve barely tapped into that market over the years

How Canada can benefit from the U.S.-Mexico disputeIn an unprecedented move last week, and in a single tweet, U.S. President Donald Trump imposed five per cent tariffs on all Mexican imports until the illegal immigration issue gets resolved. As the world now realizes, when the White House is willing to intertwine foreign and trade policies, markets around the world tumble. In fairness…

Production in all primary energy sectors rises

And StatsCan says exports of crude oil and equivalent products increased in March

Production in all primary energy sectors risesProduction in all primary energy sectors rose in March compared with a year ago, according to data released Wednesday by Statistics Canada. And over the same period, exports of crude oil and equivalent products increased, while exports of natural gas and electricity decreased. The federal agency said production of crude oil and equivalent products rose…

The sad state of Canada’s economy can be remedied

Lower tax rates, with more capital investment, are crucial to increasing productivity, wages and living standards – and boosting the loonie

The sad state of Canada’s economy can be remediedCanadians’ standard of living isn’t growing as quickly as per capita gross domestic product (GDP). The reason: our dollar has been declining against the currency of our biggest trading partner, the United States. While some of that is because the U.S. dollar has risen against most currencies around the world, a lot of it is…

Alberta economic roller-coaster weighs on Canada’s bottom line

Bank of Canada deputy governor tells Calgary Chamber that housing slowdown, U.S.-China trade war are also big factors

Alberta economic roller-coaster weighs on Canada’s bottom lineAlberta and other energy-intensive regions have been on an economic roller-coaster over the past few years, leading to painful adjustments for many. It’s also weighed on Canada’s bottom line, Carolyn Wilkins, senior deputy governor of the Bank of Canada told a Calgary Chamber luncheon on Thursday. She said Canada’s economic performance has been relatively solid…
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