Ottawa will do everything it can to fight provisions of a farm law in the United States that is hurting Canada’s meat producing industry, International Trade Minister Ed Fast said.
Fast described a country-of-origin labelling (COOL) requirement for meat in legislation signed last week by U.S. President Barack Obama as “counter-productive.”
The Canadian dollar advanced Tuesday morning while traders looked ahead to the release of the federal government’s new budget.
The loonie was ahead 0.14 of a cent to 90.6 cents US as the U.S. dollar backed off amid the other major market event of the day – congressional testimony by the new chair of the Federal Reserve.
The CSCB has completed a review of the Federal Budget 2014. The following items may be of interest to members. The budget, in its entirety, is available at: http://www.budget.gc.ca/2014/docs/plan/pdf/budget2014-eng.pdf.
Tariffs on Mobile Offshore Drilling Units – pg 370
Canada's merchandise imports grew 1.2% and exports increased 0.9% in December. Consequently, Canada's trade deficit with the world widened from $1.5 billion in November to $1.7 billion in December.
