Economy
Emphasis on US exports, trade secrets in China trade deal
Agreement leaves unresolved Washington’s fundamental differences with Beijing, which is relying on massive government intervention in the economy.
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Job losses in manufacturing impact employment rates, wages
Statistics Canada study (2000 to 2015) offers some insight for men, but women require more research.
Manitoba premier Pallister plans to discuss carbon tax with Trudeau
Hoping for some flexibility, especially after poor Liberal election results on the Prairies last fall.
Recurring federal deficits could be risky for future generations: study
Federal debt should reach $713 billion at the end of the current fiscal year and grow to $810 billion by 2024-2025.
US-China trade pact signing to ease tension but leaves much undone
Phase 1 pact does little to force China to make the major economic reforms – such as reducing unfair subsidies for its own companies.
Environmental issues top worries at World Economic Forum
Global warming, extinction of animal species ahead of risks such as cyberattacks, recession and nuclear proliferation.
Business confidence down, but companies still plan to invest: BDC
Will spend on intangible assets such as technology, marketing, intellectual property and employee training-over the next 12 months.
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Senate expects USMCA vote Jan. 16, clears decks for impeachment
Trudeau government will follow US approval to introduce implementation legislation of its own.
China welcomes currency decision ahead of trade deal with US
Mnuchin says Beijing has made “enforceable commitments to refrain from competitive devaluation.”
Bank of Canada survey suggests business confidence up
Outside of energy-producing regions, reports of improved indicators of future sales are widespread.
Bank of Canada watching global trade impacts
Looking to see how weakness from manufacturing may spread to services, employment, consumer spending or housing.
EU trade deal with Britain, no unfettered state aid: Chief Brexit official
State aid rules in any future trade deal would be more stringent than with nations like Canada or Japan because of the physical proximity of the EU.
China’s economy czar going to Washington to sign trade deal
Earlier punitive duties imposed by both sides on billions of dollars of each other’s goods stayed in place
World Bank sees modest global 2020 rebound but trade a risk
Global economy to grow 2.5% this year, up only slightly from 2.4% growth in 2019, the weakest performance since the 2008 financial crisis.
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J.D. Irving forecasts 6,800 hires in Canada, US over three years
Reflects anticipated retirements, business growth and normal workforce turnover.
