58% of Americans oppose Trump tariff on Canadian aluminum: survey
Polling firm Leger says numbers reflect a lack of a clear rationale for the action by the mercurial US president.
Bank of England says economy will take time to heal
U.K. GDP probably shrank by 23% in the second quarter
U.S. economy shrank at record breaking 33% rate last quarter
State and local government spending, bruised by a loss of tax revenue that forced layoffs, also fell at an annual rate of 5.6%.
Boosting marginalized groups key to ‘feminist economic recovery,’ report says
In the midst of the pandemic, the employment rate declined twice as much for Canadian women in the 25 to 54 age range compared with men
Trade, technology and security at risk in US China feud
Sharp deterioration in US-China ties poses risks to both countries and the rest of the world.
BDC records $218M net loss for 2020 fiscal, remains confident
Higher net fair value depreciation on capital investments due to uncertainty and volatility.
China tells US to close consulate in Chengdu in growing spat
Retaliation for US order to close China’s Houston consulate after accusation Chinese agents tried to steal IP.
Liberals review rollout of social finance fund to combat pandemic fallout
Idea is investors front the money for projects to address social problems, the government rewards those investments if projects work.
China says it’s not trying to replace US, won’t be bullied
Response to AG Barr who cautioned American business leaders against promoting policies favourable to Beijing.
CERB a top reason workers refuse to return to work: CFIB
Emergency benefit appears to be impeding small companies from staffing up as they reopen their businesses.
Manitoba offers more subsidies for businesses hit by COVID-19
Until now, the Back To Work program paid businesses who hired or brought back staff up to $5,000 per employee.
Federal wage subsidy to be extended to December: Trudeau
Nothing yet on how eligibility rules all be reshaped for the program critics say stop some employers from getting aid they need.
PM to Trump: Return of NA economy will negate need for tariffs
He said Canada’s aluminum smelters would soon be back producing value-added specialty products for the American auto sector.
Much of Ontario to enter Stage 3 of reopening July 17
10 regions to be held back outside the GTA and Hamilton areas, the Niagara Region, and Windsor-Essex.
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.
Next Generation Manufacturing: A supercluster update
NGen’s goal is to enable capabilities no individual company or organization can achieve on its own.
China defends WHO, lashes out at US move to withdraw
Calls the move “another demonstration of the US pursuing unilateralism, withdrawing from groups and breaking contracts.”
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.
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.
Basic income pegged at $98B as calls for it grow due to COVID-19 [UPDATED]
The cost for the federal government ranges from $47.5 billion to $98.1 billion for six months, depending on claw backs.
Rethinking immigration can boost the economy
A continual flow of immigrants is essential for economic stability and growth.
Business hiring plans remain muted due to pandemic: B of C
Many service sector and energy companies don’t expect a return to pre-pandemic employment levels.
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.