In December, Canada's merchandise imports rose 3.7%, while exports were down 0.9%. As a result, after posting six consecutive monthly surpluses, Canada's merchandise trade balance returned to a deficit position. It moved from a surplus of $2.5 billion in November to a deficit of $137 million in December, a position considered to be essentially balanced...
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How the Ambassador Bridge protest could tighten the supply-chain chokehold
February 9, 2022
Almost 20% of Canada-U.S. trade moves across this 'vital artery of supply' that has been closed since Monday
Protesters in Windsor, Ont., began blocking the Ambassador Bridge Monday evening, a trade route that Emergency Preparedness Minister Bill Blair called “a vital artery of supply for the province of Ontario.”
2022 Ontario Economic Report
February 5, 2022
The Ottawa Board of Trade and the Ontario Chamber of Commerce (OCC) have released the sixth annual Ontario Economic Report (OER) providing regional and sector-specific data on business confidence, policy priorities, and economic indicators, which together provide a unique view on the hurdles ahead.
Canada loses 200,000 jobs, nearly double the blow economists expected
February 5, 2022
Statistics Canada’s January Labour Force Survey found that hours worked dropped 2.2 per cent from December, when hours had returned to pre-pandemic levels. A decline in economic activity of that size will interrupt the momentum the economy had built over the latter half of 2021...