In The News

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.

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.

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