Exporter confidence plunged in Canada this spring, according to EDC’s latest Trade Confidence Index. The semi-annual assessment of sentiment in Canada’s exporting community hit its lowest level since the European debt crisis panic in 2012 and the post-stimulus hangover in 2011. In both of those cases, confidence didn’t stay low for long.
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In The News
Macron tells Trudeau that France will ratify CETA 'as soon as possible'
June 8, 2019
Canadian Prime Minister Justin Trudeau is leaving Paris with a concrete guarantee that France will proceed with ratification of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) this summer.
"We will launch ratification as soon as possible," said French President Emmanuel Macron following a bilateral meeting between the two leaders Friday.
Trump's surprise tariff threat to Mexico threatens new NAFTA deal
June 1, 2019
President Donald Trump’s surprise announcement of an escalating series of new tariffs on all goods imported from Mexico is likely to upend hopes for early congressional action on his proposed North American trade deal and would likely trigger economic upheaval on both sides of the border, according to trade analysts and business executives.
Lockout ends for 6,500 B.C. port workers after tentative deal reached
June 1, 2019
Less than three hours after it began, a lockout affecting thousands of longshore workers in B.C. has ended.
The lockout began after the workers' union and the association representing port employers failed to reach a deal by the 8 a.m. PT lockout deadline.
Business Barometer: May sees highest small business confidence level this year
May 31, 2019
Small business confidence reached its highest level of 2019 this month, jumping three index points to 59.7 on the Canadian Federation of Independent Business (CFIB)’s Business Barometer®.