Statistics Canada says the country’s seasonally adjusted current account deficit fell $500 million to $15.5 billion in the third quarter. The agency says the change largely reflected reduced deficits on trade in goods and services as well as on investment income flows...
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In The News
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
Canadian growth to accelerate but U.S. well-being still key: IMF
December 12, 2013
The Canadian economy is expected to gather steam next year as demand from the U.S. spurs exports and investment, the International Monetary Fund said Wednesday.
The IMF pegs Canadian growth at 2.25 per cent next year following modest growth of 1.6 per cent this year as exports and business investment "disappointed."
TPP Negotiators Report Additional Progress
December 10, 2013
According to a Nov. 25 press release by the Office of the U.S. Trade Representative, chief negotiators for the 12 countries negotiating a Trans-Pacific Partnership agreement reported “significant progress” after six days of intensive meetings in Salt Lake City, Utah.
Canada must learn from NAFTA legal battles
December 10, 2013
With a wary eye on Mexico, the drafters of 1994's North American free-trade agreement gave investors a powerful weapon to sue governments.
The worry at the time was that Canadian and U.S. investors needed extra tools to protect against discrimination from unfair and opaque laws in Mexico, a country with a history of nationalizing industries. Thus, NAFTA's Chapter 11 was born.