Economy
Manufacturing sales fell 1.3% in July: Statistics Canada
Exceeds economists’ forecasts, down in 11 industries representing two thirds of total sales.
CFIB delivers small business election priorities to federal parties
Signed letters address their biggest concerns around affordability, labour and financing.
Global demand for oil has slowed, says latest OPEC estimate
Economic growth reduced to 3% for 2019 and 3.1% for 2020, down 0.1% in each year.
MLI economic indicator points to modestly positive finish to 2019
But modestly positive numbers will likely be challenged in future updates by problems facing international markets.
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.
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Johnson’s Brexit plans in crisis after third defeat in two days
Parliament turned down a motion triggering a vote, Boris indicated he would try again.
Bank CEOs signal slower growth ahead amid trade tensions
CIBC chief said negative interest rates are an issue and questions loom about how trade wars will unfold.
Statistics Canada reports $1.1B trade surplus for July
Imports rose 1.2% to $50.9 billion with gains in six of 11 sectors.
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.
Brexit escalation raises alarm for ailing European economy
Economists describe a nightmarish setting for companies.
Canada pushes Amazon protections in free trade talks with Brazil
Carr says talks with Mercosur group will continue “because we are committed to diversifying our trading partners.”
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Ambrose doesn’t believe Trudeau caved to Trump on NAFTA
Interim Tory leader after 2015 election disagrees with Scheer, concessions were made but Prime Minister also made important gains.
G7 summit achievement: Trump declares, ‘We got along great’
Trudeau privately airs his objection to Russian re-admittance to the summit group.
