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Canada Wholesale Trade: October 2015
Canadian wholesale sales edged down 0.1 per cent to $55.2 billion in September, according to Statistics Canada Thursday. Declines in the motor vehicle and parts and the building material and supplies subsectors were partially offset by higher sales in the machinery, equipment and supplies and the food, beverage and tobacco subsectors. Excluding the motor vehicle…
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Canada – US Softwood Lumber Trade Update
Canada responds to a new trade dispute launched by the US over supercalendered paper, and Canada’s new Minister of International Trade releases a statement about the current state of negotiation for the expired Canada-US softwood trade deal. Canada-US Softwood Lumber Trade Update This week Canada’s new Minister of International Trade, Chrystia Freeland, released through the…
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Commodities 2016 and Beyond
This week Manulife Financial, Canada’s largest life insurer, announced it is looking to add more commodities to its investment mix after prices plunged for metals including zinc and copper. As well, the Financial Times forecast the end of this commodities price slump. Global Commodities Outlook Commodities Price Cycle Not Yet Hit Bottom Manulife wants to…
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US GDP, Economy 3Q 2015
The US economy grew at an annualized rate of 1.5 per cent in the 3Q of the year, the Commerce Department said Thursday, matching the estimates of economists surveyed by The Wall Street Journal. That was off from 2Q’s torrid 3.9 per cent growth rate. Compared with the same quarter a year ago, the economy…
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Provinces Urge Canadian Government to Negotiate SLA
Cabinet ministers in both Nova Scotia and New Brunswick are expressing concern that Canada and the United States haven’t started renegotiating the softwood lumber trade agreement, according to Canadian Press Wednesday. As well, British Columbia Premier Christy Clark has called for Canadian officials to get to the negotiating table, said Globe and Mail October 11.…
