Economy
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.
Reopen dates coming for nearly all Saskatchewan businesses: Moe
$50-million emergency program for small and medium-sized businesses will be winding down.
Alberta cuts business tax, boosts infrastructure spending
Kenney says the investments will be for roads, health care, schools and in other areas.
Boris Johnson says COVID-19 has been a disaster for Britain
Big-money pledges for schools, housing and infrastructure in an attempt to move on from the pandemic.
Small business confidence increases slightly in June: CFIB
Many fear future COVID-19 outbreaks could renew closures and interruptions.
-
Tough talk, tariff threats resurface as USMCA readies for its debut
Trump’s “iron fist of zero-tolerance enforcement” aimed at aluminum looms large.
-
Trade confidence plunges, pandemic drives EDC index to an all time low
Almost three-quarters of survey respondents said the pandemic has had a negative impact on their sales.
Quebec port project aims to win back market share
US East Coast volumes surge due to shifting global supply chains.
Canadians exempt from new US visa rules: immigration lawyers [UPDATED]
A liaison committee with US Customs and Border Protection has confirmed the exemption.
Economy to grow in 2021, if there isn’t another national shutdown
Outlook is at the optimistic range of the Bank of Canada’s most recent estimates.
