Economy
Ontario fiscal update trying to undo damage from cuts
Additional $1.3 billion in spending, much of it to fund some backtracks on policy changes.
Green groups want feds to admit true costs of climate change
Green budget suggests the next federal budget invest in a number of energy efficiency upgrades.
Trade deficit narrowed to $978M in September: Statistics Canada
Broad-based weakness across the major export categories, a similar story for imports.
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Pork, beef exports to China to resume after five-month suspension
China still bans the import of Canadian canola seed, alleging contamination; that dispute has gone to the WTO.
Why Trump tariffs haven’t revitalized American steelmakers
Raised costs for steel users and has done little to blunt China’s dominance of global steel production.
Statistics Canada reports economy grew 0.1% in August
14 out of 20 industrial sectors posted gains.
Trump’s Rust Belt revival is fading. Will it matter in 2020?
Economic trajectory shifting downward quickly, fueled by a slumping global economy and the trade wars.
China accuses US of ‘economic bullying’ over equipment ban
Agency is also exploring the impact of requiring companies to rip out their current Huawei and ZTE equipment.
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Business warns of election omission: an economic game plan
Wants government to build blueprints on how best to boost growth and to ensure Canadian competitiveness.
Alberta to reduce spending 3%, but no cuts to health, education
Aims to balance the books in four years and reorient Alberta’s economy long after that.
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CN Rail cuts profit forecast for 2019 amid ‘softer’ economy
Freight volumes below expectations, manufacturing has also fallen off.
Fed survey finds US economy hurt by Trump’s trade battles
Manufacturers note rising input costs, often for items hit with new tariffs in the trade war.
Hopes are dim as US and China resume high stakes trade talks
Both are up against a formidable adversary that shows no inclination to yield.
Trade conflicts fuel synchronized global slowdown: IMF
Managing director Kristalina Georgieva blames rising trade conflicts that could mean a loss of around 0.8% of world GDP.
Norwegian fund cuts four Canadian oil sands firms
Has reduced its tolerance threshold for companies with interests in the oil sands from 30% to 5%.
