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Tariffs on Canadian Softwood Would Harm U.S. Workers

'America First' is the ideology behind President Trump's approach to foreign affairs, especially when it comes to trade it seems, but there might be a small backlash to the protectionist ways of the Donald: a leading American voice for free trade has recently admitted that imposing import tariffs on Canadian softwood lumber would end up hurting U.S. workers in the end. Oups. The U.S. National Association of Home Builders is warning that duties...

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...

Jobs and Tariffs: The Drywall Saga Continues

Gypsum boards – or drywall – coming in from the United States is now more expensive to buy in Canada. Sheets that once cost $8 are now being sold at approximately $13 a sheet. For contractors and weekend renovators, that amounts to having to pay double the cost for their drywall needs. The price surge is a result of the Canadian trade tribunal’s decision to back tariffs on U.S. drywall. The whole drywall saga started after a dumping comp...

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...

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...