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Tough Talk, Big Changes Ahead in NAFTA Talks

It’s well known that President Trump isn’t a big fan of the North American Free Trade Agreement. Renegotiating the agreement – or breaking it – was a key element in Trump’s electoral campaign and now, with the power of the U.S. economy in his hands, the President is now in a position to dictate the agenda. The most recent development is that NAFTA negotiations probably won’t start until late 2017, might last a year and will include se...

Canada-Euro Deal Moves Along

Canada received a nice Valentine’s Day gift as Euro parliament members voted in favor of the Comprehensive Economic and Trade Agreement (CETA) by a 408 to 254 vote. This now means that parts of the agreement that links Canada to the European Union, such as tariff reduction, will come into force eight years after the initial negotiations had started. The vote passed relatively well, considering the chaotic crowd of protesters gathered outside...

Canada Not in Trump’s Crosshairs says U.S. Economic Adviser

During a meeting held on Monday January 23rd in Calgary, Prime Minister Trudeau in town for a cabinet retreat, met with Stephen Schwarzman, chair of President Trump's Strategic and Policy Forum. M. Schwarzman is also the chief executive of the U.S. investment firm Blackstone Group and was appointed to head Trump's forum last December. The most recent move by President Trump to renegotiate the North American Free Trade Agreement (NAFTA), has th...

Hanjin’s Fall: From Korea’s Top Shipper to Near Bankruptcy

Once the world’s seventh-largest shipping company, Hanjin Shipping is on the fence and risks falling off the map – quite literally. Despite multiple efforts deployed in a grandiose fashion while under court receivership, the international shipper isn’t seeing the light at the end of the tunnel. Documents from the Seoul Central District Court, the body in charge of the court receivership, indicates that according to accounting firm Samil ...

What does a dead TPP mean for Canada?

Canada is a signatory partner in the Trans-Pacific Partnership, just last winter, International Trade Minister Chrystia Freeland signed the dotted line during a ceremony held in Auckland, New Zealand, adding Canada’s name to a long list of international partners. But with the arrival of president-elect Trump in the Commander-in-chief’s chair, things don’t seem too clear in regards to the agreement’s future. USA and Japan Leading TPP Nego...