A day after setting a new 11-year low, the Canadian dollar today shed another half-cent to 73.57, while the benchmark Toronto stock index slid to a two-year low.
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In The News
Canada awarded right to $1B in WTO trade sanctions against U.S. over meat-labelling rules
December 25, 2015
Canada has been awarded the right to seek $1 billion in trade sanctions against the United States by a World Trade Organization panel in a dispute over American meat-labelling rules that single out foreign beef and pork.
The Liberal government said it will "quickly take steps to retaliate" against the U.S. if the labelling requirements aren't dropped promptly.
China Unlikely to Join US-led TPP
December 21, 2015
Despite slowing growth, China will expand its influence on the global trading system, favoring bilateral exchanges and its own international institutions over the Trans-Pacific Partnership and the WTO, according to the report "At a Crossroad: What China’s New Economic Diplomacy Means for Business," conducted by the Economist Intelligence Unit.
Weak Canada jobs, trade data discouraging for Q4 growth
December 21, 2015
Canada shed more jobs than expected in November, while exports tumbled in October, suggesting the economy was off to a weak start in the final quarter of 2015 after just recently emerging from a mild recession.
Bumpy Ride to Shangri-La?
December 21, 2015
"The great fall of China,” the title of an article in The Economist, sums up recent market sentiment toward China. To point, there’s a lot of falling going on. Equity markets crashed hard. The Chinese yuan was devalued, sparking fears of a currency war. Some speculate that China’s massive debt bomb is about to explode. To top it off, economic growth is sputtering and there are recession fears.