The CSCB has completed a review of the Federal Budget 2014. The following items may be of interest to members. The budget, in its entirety, is available at: http://www.budget.gc.ca/2014/docs/plan/pdf/budget2014-eng.pdf.
Tariffs on Mobile Offshore Drilling Units – pg 370
The Canadian dollar advanced Tuesday morning while traders looked ahead to the release of the federal government’s new budget.
The loonie was ahead 0.14 of a cent to 90.6 cents US as the U.S. dollar backed off amid the other major market event of the day – congressional testimony by the new chair of the Federal Reserve.
Ottawa will do everything it can to fight provisions of a farm law in the United States that is hurting Canada’s meat producing industry, International Trade Minister Ed Fast said.
Fast described a country-of-origin labelling (COOL) requirement for meat in legislation signed last week by U.S. President Barack Obama as “counter-productive.”
At first blush, the government of Canada is acting like a clumsy, overeager suitor in its efforts to get a new bridge built across the Detroit River. Already on the hook for almost the entire $2-billion cost of the link, Ottawa has now said, to keep the project moving forward, it is going to start buying the necessary land on the Michigan side of the river. And that’s the right move.
Small business optimism rebounded in January, but it is not quite back to levels we had seen July through November last year. CFIB's Business Barometer® Index rose 1.7 points to 64.0 this month, clawing back about half of December's losses.
