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Ontario Exports Yet to Respond to Lower Canadian Dollar, Improved U.S. economy

The Canadian dollar has been hovering in the low 90-cent range versus its American counterpart since the beginning of the year, and the U.S. economy is coming off three years of slow-but-steady growth. These facts might be expected to boost Canadian manufacturing exports, around half of which come from Ontario, but they haven't done so yet. After growing by a paltry one percent last year, exports actually dropped by 1.4 percent in March, the late...

Should Canada Unilaterally Adopt Global Free Trade?

That's the title of a recent report commissioned by the Canadian Council of Chief Executives (CCCE). Its authors, Dan Ciuriak and Jingliang Xiao of Ciuriak Consulting Inc., show that bilateral free trade agreements typically produce lower economic gains than anticipated because their complicated rules make it too difficult for many businesses to avail of their benefits. They point out that unilateral free trade is already working well in smaller ...

Change Government Policies to Reduce Prices, Suggests U of T economist

Prices in Canada have outpaced those in the U.S. over the past decade across almost all categories of retail and wholesale goods, according to a comparative study of 600 products by Prof. Nicholas Li of the University of Toronto's Department of Economics. Writing for the C.D. Howe Institute in its Commentary No. 409, entitled “Sticker Shock: The Causes of the Canada-US Price Differential”, Li shows that the price gap largely tracks the exchan...

Canada Open to Paying for US Customs Plaza in Detroit

Lisa Raitt, the Canadian Minister of Transport, has said the New International Trade Crossing between Windsor and Detroit is so important that Canada would consider paying 250 million dollars to build a customs plaza at the American end of the bridge after the Obama administration failed to include this item in its budget for next year. Canada is already set to pay almost all of the multi-billion dollar cost of the project, but Raitt told the De...

Duty Free: Canada – E.U. Trade Pact

Duty free: Details surfacing on trade pact between Canada and E.U.   Today, The conservative federal government tabled a report in the house of commons detailing some of the negotiation between Canadian and European leaders, shedding some light as to what we can expect from this landmark trade agreement.   Elimination of duty   It is expected that up to 98% of duty on European goods will be removed day one the trade agreemen...