One Canadian business is thriving despite the tariff mayhem in the country’s top two export markets.
Tag Archives Export Development Canada
Crown corporation helps link exporters to markets
Export Development Canada has seen its business increase as exporters look for markets outside the United States and China
Canada posts another trade deficit in August
It was the country’s six consecutive monthly deficit, blamed mainly on lower crude oil prices and pulp and paper exports
OTTAWA (Reuters) — Canada recorded a bigger-than-expected trade deficit of $1.1 billion in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data shows. Analysts polled by Reuters had forecast a $500 million deficit in the month. July’s trade balance was revised to a $287 million deficit from a surplus […] Read more
Slow growth in the forecast for global economy
Projections are better for next year, but consumer fatigue and high interest rates are dragging down economic prospects
SASKATOON — Export Development Canada just issued a ho-hum global economic outlook for 2024. “All in all, we see a global economy that has sort of hit a soft patch,” EDC chief economist Stuart Bergman said during a recent webinar. Related stories: The organization is forecasting 3.1 per cent growth in world gross domestic product […] Read more
Consumer debt hampers growth: EDC
SASKATOON — Canada’s economic growth will remain constrained in 2024, according to Export Development Canada. Gross Domestic Product is expected to expand by a paltry 0.9 percent. Sizeable debt-servicing requirements have forced the Canadian consumer to focus on saving over spending. Related stories: “We see an extremely weak consumer, a heavily indebted consumer here in […] Read more
Interest rate drop expected
SASKATOON — Canadian farmers could be getting a reprieve on their balance sheets later this year, according to a forecast by Export Development Canada. EDC expects the Bank of Canada to start lowering interest rates soon, dropping its key policy rate by 25 basis points in April. EDC chief economist Stuart Bergman expects the central […] Read more
