A deal to boost global trade has been approved by the World Trade Organization's 159 member economies for the first time in nearly two decades, keeping alive the possibility that a broader agreement to create a level playing field for rich and poor countries can be reached in the future.
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In The News
Canada's trade sputters, U.S. shows swagger
December 19, 2013
U.S. exports jumped to a record in October, an important sign of life in the global economy that could herald steadier growth in 2014.
A new bridge over the St. Lawrence for 2018
December 17, 2013
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announced [on December 1] a new accelerated timeline for the construction of the new bridge for the St. Lawrence.
Business Barometer: Small business optimism highest since beginning of 2013
December 13, 2013
November shaped up to be a reasonably positive month for Canadian small businesses. CFIB's Business Barometer® Index gained almost a full point, posting a 65.9 this month over October's 65.0. It is also the second highest reading of 2013 after February's 66.2
Why Goldman Sachs recommends shorting the Canadian dollar
December 13, 2013
Take a look at today's current account report from Statistics Canada to see why Goldman Sachs Group Inc. recommends shorting the loonie.
... the Wall Street giant forecasts the Canadian dollar will sink to 88 cents U.S. One of its reasons is that Canada has been running a current account deficit.
There are other reasons, but that one tops the list.