Tag: Trade

Canada Joins New German-France ‘Alliance’ That Doesn’t Include U.S. | CTV News

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OTTAWA — Canada has formally joined a German-French coalition aimed at saving the international world order from destruction by various world dictators and autocrats — and U.S. President Donald Trump. The initiative is part of ongoing government efforts to shore up international co-operation at a time of waning American leadership and Trump’s outspoken disdain of institutions created after the Second World War, including the G7, the World Trade Organization and the United Nations. Read full story here: Canada Joins New German-France ‘Alliance’ That Doesn’t Include U.S. | CTV News

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New Free Trade Deal With U.S. Will See Canada’s Duty-Free Limit Raised To $150 From $20 | CBC News

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Retailers say they are OK with new trade rules that will allow Canadians to buy more from the United States duty free — because dire alternatives that would have been worse never came to pass. One aspect of the new U.S.-Mexico-Canada Agreement announced over the weekend is an increase in the so-called de minimis threshold for duty-free shopping — the amount that Canadians can buy from a store in the U.S. and import to Canada without having to pay a duty. Under the old rules, Canada’s limit was $20. That’s much less than…

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Loonie Soars In The Wake Of The New Trade Deal With The U.S. And Mexico | CTV News

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The loonie traded higher at 78.13 cents US compared with an average of 77.25 cents US on Friday. While most economists have been expecting the Bank of Canada to raise its key interest rate target later this month, the trade negotiations have been a key uncertainty. The central bank had made a point of saying it was closely watching the NAFTA talks and other trade policy developments, which could hurt the economy. Read full story here: Loonie Soars In The Wake Of The New Trade Deal With The U.S. And Mexico…

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Loonie Could Jump Up To 82 Cents US If Trade Talks Are Successful, Says Economist | CBC News

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Even with a resilient, if not strong, Canadian economy, the loonie has failed to gain momentum this year — losing more than four per cent against the U.S. dollar — as trade uncertainty ate away at its “fundamental” value. But that could all change if a trade deal is struck between Canada and the U.S. soon, according to James Orlando, senior economist at TD Economics. He’s calling for the Canadian dollar to jump to as much as 82 cents US in the near term if trade talks between the two countries are successful. That’s a…

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Trade War Fallout: Why Oil And The Loonie Are Finally Headed Apart | CBC News

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It’s a relationship that Canadians had gotten used to. For years, when the price of oil went up, so did the value of the Canadian dollar. That led to a soaring loonie when oil prices were flying high, but double-takes while travelling in the U.S. once the wind came out of oil’s sails and the Canadian dollar was lower. But a funny thing has happened of late, as the symbiotic relationship between the two has weakened. Or, as Bank of Montreal economist Doug Porter put it, “The Canadian dollar continues to diverge…

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