The volume of world merchandise trade fell 0.8% in the third quarter of 2021 after four consecutive quarters of strong expansion, as supply chain disruptions, shortages of production inputs and rising COVID-19 cases weighed on trade growth.
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In The News
How Mexico plans to team up with Canada to combat U.S. auto irritant
December 18, 2021
A senior Mexican cabinet member says she's planning a multi-front effort against what she calls the biggest trade irritant in North America right now.
And she's hoping to team up with Canada.
Mexican Economy Secretary Tatiana Clouthier meets virtually today with Canada's Trade Minister Mary Ng as they campaign against a U.S. electric-vehicle tax credit.
Prime Minister announces reappointment in the senior ranks of the Public Service
December 6, 2021
December 3, 2021
Ottawa, Ontario
The Prime Minister, Justin Trudeau, today announced the following reappointment in the senior ranks of the Public Service:
John Ossowski, currently President of the Canada Border Services Agency, is reappointed in this role, effective December 7, 2021.
Liberals to proceed with digital services tax on tech giants
November 29, 2021
Going ahead with a unilateral tax could risk further worsening the trade relationship between Canada and the United States
The Liberal government intends to proceed with plans to implement a digital services tax targeting tech giants, potentially within the coming weeks.
India pushes renewed trade talks in aftermath of Canada-China tensions
November 29, 2021
Canada and India are quietly setting the stage to reboot formal free-trade talks as the Trudeau government seeks economic alternatives to China following the dispute over the Meng Wanzhou-two Michaels affair.