In The News

Global trade deal reached after 2 decades

December 19, 2013

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.

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.

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.

John Manley and Lloyd Axworthy weigh in on Conservative ‘economic diplomacy

December 13, 2013

The federal Conservative government says it is harnessing the entirety of Canada’s diplomatic power to advance the country’s trade interests.

The move, formally announced Wednesday, is being billed as a historic shift in this country’s approach to the world, and is already being applauded by some of the country’s largest business groups.