Canada missing a golden post-Brexit opportunity

Trudeau is failing Canadians if he doesn’t step up to save what could be a continued source of positive trade with the United Kingdom for Canada

Canada missing a golden post-Brexit opportunityBrexit uncertainty is no more, following the election of Boris Johnson as prime minister of the United Kingdom with the largest Conservative majority since 1987. The U.K.’s withdrawal agreement with the European Union will be official on midnight, Jan. 31. But that isn’t the end of the story. By December 2020, the end of the…

USMCA will stunt potentially lifesaving innovation

The new trade agreement represents progress for international trade, but crucially, it weakens protections for the biopharma industry

USMCA will stunt potentially lifesaving innovationIn December, the United States, Mexico and Canada signed a new trade agreement (USMCA) in Mexico City. The agreement represents progress for international trade, but crucially, it weakens protections for the biopharma industry, as the final version of the deal removed provisions that would have extended the exclusivity (essentially, the period of time when brand-name…

Why we must get Canadian energy to global markets

Canadian LNG offers a solution to help bring people out of energy poverty while reducing net global GHGs

Why we must get Canadian energy to global marketsCanada is known around the world as a country of inclusiveness, tolerance and respect for human rights. Our energy industry also holds world class standards – among the best anywhere when it comes to innovation, environmental protection and responsible resource development. According to Statistics Canada, nearly half of all money spent by Canadian businesses on…

Canadian economy will stall in 2020

The next two years will probably bring feeble increases in GDP, in line with 2019’s uninspiring performance. Job creation is likely to decelerate

Canadian economy will stall in 2020As the clock winds down on 2019, it’s time to ponder what the coming year may have in store for the Canadian economy. To provide some context, 2019 hasn’t been a great year for the economy, with inflation-adjusted gross domestic product (GDP) expanding by around 1.6 per cent. This was less than growth in both…

Alberta sees uptick in wholesale trade sector

Alberta sees uptick in wholesale trade sectorFollowing two consecutive declines, wholesale sales in Alberta increased 1.9 per cent to $6.9 billion in September primarily as a result of higher sales in the machinery, equipment and supplies subsector, says Statistics Canada. The federal agency reported Monday that subsector rose by six per cent to $2.2 billion. “While all industries within this subsector…

Clean, timely Brexit good for Britain and Canada

It’s time to open up trade. Even the EU accepts that 90% of global growth will take place outside its group over the next 15 years

Clean, timely Brexit good for Britain and CanadaNo other time in the recent history of British politics has been so turbulent. But the United Kingdom needs to stay the Brexit course. Prime Minister Boris Johnson has been accused of lying to the Queen by a Scottish court, the Conservative government has lost its majority and kicked out 21 rebel Tory MPs, opposition…

Canadian merchandise trade deficit narrows

Canada's exports rose 1.8% in August, mainly due to an increase in exports of energy products and aircraft

Canadian merchandise trade deficit narrowsCanada’s merchandise trade deficit narrowed from $1.4 billion in July to $955 million in August, according to Statistics Canada. The federal agency said on Friday that Canada's exports rose 1.8 per cent in August, mainly due to an increase in exports of energy products and aircraft. Imports were up 1.0 per cent, mostly on higher…

Alberta boosts crude oil production

Pipelines delivered 8.9 million cubic metres of crude oil to Canadian refineries and upgraders in July, up 15%

Alberta boosts crude oil productionStatistics Canada says the production of crude oil and equivalent products rose in July to the highest level so far this year. In a report released on Friday, the federal agency said production was up 2.2 per cent to 23.2 million cubic metres (145.8 million barrels).  “The increase was attributable primarily to synthetic crude oil…

Farm industry upheaval brings a way of life to an end

Prairie towns and villages are becoming relics of the past. Formerly bustling main streets are lined with boarded-up businesses, inhabited by aging retirees who carry the memories of a bygone era

Farm industry upheaval brings a way of life to an endWhat do you think is Canada’s riskiest business? Childhood on our family farm taught me the answer to that question. Despite years of heartbreaking disappointments, my father was a perfect example of the adage “hope springs eternal.” Each spring, he would sing happily on our tractor while seeding wheat, barley and oats. Then we hoped…
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