In The News

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.

Canada’s current account deficit drops $500M in third quarter

December 13, 2013

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...

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.