Economy
Manufacturing sales fell 1.3% in July: Statistics Canada
Exceeds economists’ forecasts, down in 11 industries representing two thirds of total sales.
World Bank urges China to open tech industries
Report calls for open markets, reduced subsidies and government involvement.
Fewer trees, higher costs blamed for downturn in BC forestry
Shutdowns or curtailments in more than two dozen mills, hundreds out of work, economic growth predictions slashed.
Election 2019: Trump front and centre in talk of trade, jobs
Federal party leaders joust over the Liberal government’s handling of the marathon NAFTA negotiation.
European Central Bank launches new stimulus for economy
ECB has had to change its stimulus stance as the global economic outlook has grown shakier.
Political parties urged to commit to policies for data-driven economy
…but experts doubt any party will go far enough to prepare Canada to compete in the new economy.
Manufacturer group warns of gathering economic storm
A slowdown is coming as Canada is woefully unprepared to weather its first recession in over a decade.
UK Parliament takes on pivotal day on Brexit as PM makes threats
Key piece of legislation would prevent an immediate no-deal exit, Boris threatens expulsions, election.
Surveys show China manufacturing demand weak amid trade war
Exports to the United States, China’s biggest market, fell 6.5% in July.
Canada posts strong quarterly growth, but trade risks loom
Analysts say trade-driven boost was likely a temporary factor, particularly with weakening global economic conditions.
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Brexit escalation raises alarm for ailing European economy
Economists describe a nightmarish setting for companies.
G7 summit achievement: Trump declares, ‘We got along great’
Trudeau privately airs his objection to Russian re-admittance to the summit group.
Liberals, Tories unveil campaign slogans and contrasting pitches to voters
Liberals “Choose forward” or Conservatives “It’s time for you to get ahead”.
Trump a no-show at G7 climate meeting
Environmental activists declare the summit a failure; demand tougher global emissions rules and more aid for the Amazon.
