Economy
Canada’s response on tariffs won’t be bound by USMCA: negotiator
Trade negotiator Steve Verheul says what actions Canada takes depends on what the US does.
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Biden proposes $700B-plus `Buy American’ campaign
Proposes tightening current Buy American laws easily circumvented by government agencies.
Canadian unemployment rate to peak at 11% in Q2: OECD
Jobs should return as lockdowns end, but an unemployment rate of 7.7% by the end of 2021.
Feds promise to focus on people most hurt economically by COVID
Businesses owned by women, racialized Canadians more likely to report drops in orders and clients.
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Liberals foresee high unemployment, $343B deficit due to COVID-19
Fiscal snapshot foresees a slow return to a new normal, with low economic growth to at least the end of 2021.
Rethinking immigration can boost the economy
A continual flow of immigrants is essential for economic stability and growth.
Rethinking the boundaries between economic life and coronavirus death
Efforts to revive the economy are redrawing the lines between who will prosper, who will suffer and who will die.
Tories, NDP at odds over spending as Liberals prepare fiscal snapshot
First public assessment of the economic and financial situation since the pandemic started will include figures for a potential deficit.
Manufacturing PMI hits four-month high in June: IHS
Purchasing managers’ index registered 47.8, up from 40.6 in May.
Trade deficit narrowed in May as exports rose, imports fell again
Contracted to $677 million in May compared with $4.3 billion in April.
Lighthizer promises enforcement as USMA comes into force
USTR has named 10 people to its roster of arbitrators under the agreement’s dispute-settlement mechanism.
Mexico celebrates start of new trade accord with US, Canada
Obrador says the trade agreement provide greater certainty to the three countries in their commercial relationships.
Trade experts urge heads-up approach as USMCA comes into force
More than a NAFTA update, risk of running afoul of the deal’s new rules or leave money and new prosperity on the table.
Economy posted record 11.6% plunge in April: Statistics Canada
Manufacturing was down 22.5% with many factories either shuttered or operating at greatly reduced capacity.
Alberta cuts business tax, boosts infrastructure spending
Kenney says the investments will be for roads, health care, schools and in other areas.
