Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Tag Archives international trade
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
Russia sends first pea shipment to China by boat
Exports had previously moved by rail and truck since the two countries signed a phytosanitary agreement last year China has cleared the first ocean vessel of Russian peas, according to a trader of the crop. A ship loaded with 55,000 tonnes of peas that sailed from the Port of Novorossiysk has passed inspection by China’s […] Read more
World Pork Expo 2023: Hogs in flux
Follow this page today and tomorrow for posts from the WPX, where I’ll try to bring you what’s happening, what’s news, what’s new and exciting, and what’s going on with BBQ pork, of which there is an abundance smoking away around the Iowa State Fairgrounds. PROP 12 COMPLIANT STEEL AND SYSTEMS BIG IN TRADE SHOW […] Read more
Could Canada run a two-track trade policy?
One track for the rules-following folks and one for the cheats?
We keep hoping this present worldwide binge of protectionism, geo-political bullying and bad-will will fade, subside and JUST GO AWAY! But if it doesn’t, what does Canada do? How do Canadian farmers adapt to that fact? It’s like with climate change: We hope it can be stopped, but if it can’t be, what do we […] Read more
EU moves to exclude ag from U.S. trade talks
Canadian producers are unlikely to see any impact from a European Union-United States trade agreement
Canada is unlikely to benefit from the European Union’s decision to exclude agriculture from free trade talks with the United States, says an economist. European Union member states gave the European Commission the green light to start formal free trade negotiations last week, but only on eliminating tariffs on industrial products. The EU members insist […] Read more
Federal government defends supply management at NAFTA
Canada will continue to defend its supply management system for dairy in the face of American demands for greater transparency and access in a renegotiated North American Free Trade Agreement. Agriculture minister Lawrence MacAulay said Oct. 16 the Canadian government and its negotiators remain firm in their support. In a conference call from Europe, where […] Read more
Making the case for supply management
With negotiations on a new North American Free Trade Agreement underway, it is appropriate for Canadians to ask: whither supply management? Supply management is the system in Canada within which products such as dairy (including cheese), chicken, turkey and eggs are produced and sold. It severely restricts the importation of such products from abroad and […] Read more
Equipment manufacturer receives federal funds for innovation
The federal government is providing $4.1 million to support innovation and international trade in Saskatchewan’s agricultural equipment manufacturing sector. Morris Industries of Saskatoon will receive close to $3.5 million through the Western Innovation Initiative to increase its production capacity using an advanced manufacturing technology it has commercialized. Saskatchewan Trade and Export Partnership will receive $700,000 […] Read more
U.S. playing with NAFTA fire: ag economist
Al Mussell says ag trade through agreement has created 300,000 jobs, some of which could be lost if NAFTA reopened
Reopening the North American Free Trade Agreement could backfire on the United States from an agricultural perspective, says an agricultural economist. “The U.S. should be very careful what it wishes for here,” said Al Mussell, research lead for Agri-Food Economic Systems. Agricultural trade with its NAFTA partners has resulted in US$88 billion in U.S. economic […] Read more
Proposed U.S. border tax may help Canada, says prof
Canada’s prime minister is not pleased with talk of the United States potentially implementing a border adjustment tax but it could actually be a good thing, says an economist. United States President Donald Trump says tax reform is the next item on his legislative agenda now that his health-care bill failed to make it through […] Read more
