News

U.S. slaps dumping duties on Canadian wood, Ottawa vows to fight

July 12, 2017

Escalating a trade dispute with Canada in the run-up to talks on renegotiating NAFTA, the U.S. Commerce Department ..[has] imposed preliminary anti-dumping duties on Canadian softwood lumber of up to 7.72 percent.

When combined with preliminary anti-subsidy duties issued in April, the new measures will bring total duties on Canadian lumber to between 17.41 percent and 30.88 percent.

Liberals ease trade with Belarus, leaving N. Korea as last country on restricted list

July 12, 2017

The Liberal government is proceeding with a plan to ease trade restrictions imposed almost a dozen years ago on Belarus, despite scathing human rights reports about the eastern European country.

A recent cabinet decision, posted online this week, paves the way for the removal of the country from the Area Control List.

Europe: Improved risk trajectory but threats remain

July 6, 2017

Country risks in Europe have been top of mind for some time. In fact, three of our top ten global risks in the Spring CRQ involved European scenarios, namely: Eurozone collapse, European sovereign debt crisis, and Italian banking sector crisis.

CRA: Interest rates for the third calendar quarter

July 6, 2017

The Canada Revenue Agency (CRA) announced, [on June 16, 2017], the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from July 1, 2017, to September 30, 2017.

Canadian economy showing encouraging signs

July 6, 2017

With the adjustment to lower oil prices largely behind us, there are encouraging signs that growth is broadening across regions and sectors, [said] Senior Deputy [Bank of Canada] Governor Carolyn A. Wilkins..

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