In The News

Surprise of the decade

December 21, 2019

This isn’t just my last commentary of the year; it’s the last of the decade. In my current role, I’ve only had one other opportunity to wrap up the decade this way, and the last time—well, we still had that Great Recession thing to deal with. That event wasn’t really the surprise back then; the head-turner was that it took the recession so long to come about.

Canada’s fiscal update a house of cards, says Canadian Chamber of Commerce

December 19, 2019

...the Canadian Chamber of Commerce’s Chief Economist and Vice President of Policy and Advocacy, Trevin Stratton, issued the following statement regarding the economic and fiscal update [issued by the Governement of Canada on December 16, 2019].

“Regrettably, the government has increased its deficit forecasts, despite a weaker fiscal position than originally anticipated.

Statistics Canada says annual pace of inflation climbs to 2.2%

December 19, 2019

The annual pace of inflation heated up in November as gasoline prices posted their first year-over-year increase since October 2018, Statistics Canada said...

The agency said the consumer price index rose 2.2 per cent compared with a year ago to end a three-month streak where the annual pace of inflation had held steady at 1.9 per cent...

U.S. House panel approves USMCA, setting up Thursday vote

December 19, 2019

The U.S. House Ways and Means Committee approved a revised North American trade deal by voice vote on Tuesday, indicating likely broad support for implementing legislation in a House of Representatives floor vote on Thursday...

The committee’s voice vote moves President Donald Trump’s three-year effort to rewrite NAFTA...

Canada opposition MPs could delay ratification of trade pact with U.S., Mexico

December 18, 2019

Canada’s two main opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty.