Canada

'Riskier than doing nothing': Softwood lumber package may hurt Canada's case with U.S.

June 7, 2017

When the federal government sets out to bolster a sector already under fire for getting too much of a boost, it has to tread carefully.

Last week, Natural Resources Minister Jim Carr tried to explain how his softwood lumber action plan was an "appropriate response" to U.S. countervailing duties.

Right on cue, the U.S. lobby driving the new levies called it a "new government subsidy" that "further tilts the trade scale."

EDC Export Performance Monitor, June 2017

June 6, 2017

The momentum behind Canada’s export growth remained solid in April as merchandise exports increased by 1.8% and reached a new record value. This continued the strong trend which has seen the value of exports grow by a compound annual growth rate of 18.5% since June 2016. On the strength of this growth, Canada’s trade deficit with the world declined to $370 million in April, from a revised $936 million a month earlier.

April’s growth was widely distributed as 8 of 11 major industry categories saw exports expand and volumes increased by 1.1% in the month and prices by 0.7%.

Business Barometer: Confidence up again in May

June 6, 2017

Canada's small business optimism increased by another point and a half in May, bringing the Canadian Federation of Independent Business’s (CFIB) Business Barometer® to the 66.0 mark, the best level in two and a half years.

“Nationally, the Index has now recovered its loses from the resource price crunch of late 2014,” said Ted Mallett, Chief Economist at CFIB. “However, improvement was narrowly based regionally, largely coming from the West, and seasonal factors likely contributed to improvements in the Atlantic provinces.”

Lumber dispute could be resolved before August NAFTA talks

June 6, 2017

The softwood lumber dispute with the United States could be resolved before the NAFTA renegotiation gets underway in mid-August, says Quebec’s softwood lumber envoy.

Raymond Chretien, former Canadian ambassador to the U.S., said ... that he’s optimistic because of recent comments by U.S. Trade Representative Robert Lighthizer that he would like to conclude a deal before discussing the North American Free Trade Agreement.

Spread of hog virus alarms piglet-exporting province Manitoba

June 5, 2017

The deadly pig disease PEDv (porcine epidemic diarrhea virus) is spreading faster than expected in Manitoba, Canada's biggest piglet-producing province.

The number of cases this spring, 10, matches the total from the past three years combined, although the outbreak is not comparable in scale to PEDv's spread across U.S. farms in 2013.

The Manitoba government confirmed on Thursday its most recent confirmed case of the virus, all occurring within about four weeks.

A New Cool Tool for Canadian Trade

May 26, 2017

Drowning in data is easy to do in our digital world. Technology has created the ability and the appetite for creating ever-increasing volumes of data. The exponential increase in global trade over the past 30 years has put pressure on statistical agencies to probe ever deeper into the details of import and export movements. Canada is no exception; as a nation with a much higher-than-average dependence on international trade, we have invested heavily in trade-related statistics. For the lay person and analyst alike, the deluge of data can be daunting.

Canada, 10 other countries will move forward on a new TPP after US withdrawal

May 23, 2017

Canada and 10 other countries agreed... to re-evaluate the Trans-Pacific Partnership, the controversial trade deal that has been assumed dead since the U.S. pulled out in January...

Trade officials said the deal would change significantly without American involvement, although leaders from the 11 remaining countries are still figuring out what a revised trade plan would look like.

Trump administration starts countdown to NAFTA talks in mid-August

May 19, 2017

The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers.

With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day consultation period with Congress, industries and the American public that would allow talks over one of the world's biggest trading blocs to begin by Aug. 16.

Cross-border aircraft rivals Bombardier, Boeing clash in trade hearing

May 19, 2017

The next potential Canada-U.S. trade dispute unfolded Thursday as aerospace giants clashed at a Washington hearing that marked the formal launch of investigations into Boeing's allegations that Bombardier received subsidies allowing it to sell its CSeries planes at below-market prices.

"The U.S. market is the most open in the world, but we must take action if our rules are being broken," U.S. Commerce Secretary Wilbur Ross said in a statement after the hearing began.

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