In The News

Bank of Canada holds interest rate steady at 1.75%, citing trade tensions

July 11, 2019

The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with an expanding global slowdown caused by trade conflicts.

African leaders to launch continent-wide free trade zone

July 9, 2019

Several African heads of state gathered in Niger's capital Sunday to launch a continent-wide free trade area that represents an estimated market of $3.4 trillion US.

The African Continental Free Trade Area aims to create a single unified market for the continent's 1.3 billion people and to boost economic development.

[U.S.] Customs Brokers, Prior Disclosure, Duty-Free Goods Among Topics of Forthcoming CBP Rules

July 4, 2019

Updating [U.S.] customs broker requirements, encouraging the use of prior disclosures, and expanding the range of goods eligible for duty-free treatment are among the U.S.

Canada posts rare trade surplus as exports to U.S. hit record high

July 4, 2019

Canada’s trade balance unexpectedly swung into surplus for the first time in 10 months on a broad-based jump in exports, adding to evidence the economy has returned to a more solid footing.

The country ran a rare trade surplus on $762 million in May. It’s only the fourth surplus for the country since oil prices began declining in 2014, driven by a 4.6 per cent increase in exports.

Business Barometer: Clear skies for small business confidence in June

July 4, 2019

Small businesses had a sunnier outlook in June, with confidence levels going up nearly two index points to 61.5 on the Canadian Federation of Independent Business (CFIB)’s Business Barometer®, the highest level since August 2018.