Don’t fear the reaper: Recession

What’s a recession going to do to the East Coast? Reap what’s left in our mattresses and sock drawers?

Don’t fear the reaper: RecessionOh, Recession. So there you are. For months, you’ve been rattling about my back door knocking over rubbish bins like a starving raccoon at night. The sun’s up now. No need to be coy. “The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade…

U.S. visa change creates roadblock for Canadian workers

U.S. visa change creates roadblock for Canadian workersCanadian business travellers hoping to work in the U.S. face significant delays, apparently as fallout from that country’s America First executive order. The problem arises for Canadian workers who hold an L-1 visa. That specialized document is required for foreign nationals working for U.S. employers in specific daily business operations, typically managerial and executive positions.…

Canadian trade balance surplus weakens as energy exports decrease

Canadian trade balance surplus weakens as energy exports decreaseCanada’s merchandise trade balance remained in a surplus position in June, settling at $136 million after posting a $556 million surplus in May, according to Statistics Canada. The federal agency reported Friday that the narrow surplus in June represented 0.1 per cent of total monthly merchandise trade and is within the typical margins for revisions…

The compelling case for selling Canada’s water to the U.S.

Americans need water and we have it. Canadians should begin to look at water as a commodity – the blue gold that it is.

The compelling case for selling Canada’s water to the U.S.“Water is more valuable than oil.” Former U.S. President George W. Bush Canada exports huge quantities of water to the United States and all over the world. As the world’s fifth largest exporter of agricultural products – which are composed mainly of water – huge amounts of Canadian water leave the country every day. Whole…

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,…