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…

Pieridae Energy ramps up LNG project on East Coast

CEO Alfred Sorensen talks about moving the Canadian industry from its infancy and servicing a growing international market

Pieridae Energy ramps up LNG project on East CoastAlfred Sorensen is CEO of Pieridae Energy. What is Pieridae Energy and what does it do? Sorensen: Pieridae Energy is Canada’s only fully-integrated LNG company. We are looking to build the US$8 billion, 10-million-tonne-per-year Goldboro LNG liquefaction facility off the East Coast near Halifax to supply much-needed natural gas to Europe. In a nutshell, our…

Pipeline shortage cost Canada’s energy sector $20.6 billion in 2018

That means less investment, less job creation and ultimately less prosperity for Canadians

Pipeline shortage cost Canada’s energy sector $20.6 billion in 2018By Elmira Aliakbari and Ashley Stedman The Fraser Institute With pipeline shortages driving down the price of Canadian oil, the losses for the energy sector – and for Canada’s economy – are staggering. According to a new study, insufficient pipeline capacity cost Canada’s energy sector $20.6 billion – or one per cent of the country’s…

Canada can only lose in a trade war with China

From canola to peas and soybeans, the Chinese are using our commodities as bargaining chips in a diplomatic dispute

Canada can only lose in a trade war with ChinaCanola was first, and now peas and soybeans. It was highly predictable. And given how things have progressed over the last five months, the situation can only escalate. The Canadian government has pledged to help farmers affected by our epic spat with China. But other than offering cash or support to develop new markets for…

Canada’s trade deal should proceed despite China’s wrongdoings

Trade sanctions are blunt, costly instruments. They should only be used as a last resort

Canada’s trade deal should proceed despite China’s wrongdoingsThe first free-trade agreement between China and Canada appears all but dead, derailed by a diplomatic dispute. Canadian consumers and entrepreneurs will suffer as gains from trade fail to materialize. Despite the gravity of Beijing’s many wrongdoings, trade should still proceed between innocent private parties. The opposite tack – broad impediments to trade, even if…