Tag: Trade
Column: Time to hit reset on Canadian trade negotiations with Asia
By Glen Hodgson This article was originally published in The Globe and Mail on December 29, 2017. Canada’s trade dialogue with its Asia partners encountered a rough patch in November, when, at the last minute, a multicountry agreement was not advanced. Even as we work to clarify NAFTA with the United States and Mexico, we need to […]
British Columbia and Washington meet on climate action, high tech, jobs
Total Canada-Washington trade valued at $25.6CDN billion B.C. Premier John Horgan and Washington state Gov. Jay Inslee resolved to strengthen the partnership between British Columbia and Washington state, and act jointly to fight climate change, grow the tech sector and create good jobs across the region, according to a B.C. government press release. “Gov. Inslee […]
The Strait of Malacca, key oil trade chokepoint, links Indian and Pacific Oceans
If Strait of Malacca were blocked, half of world’s shipping fleet would have to reroute Nearly one-third of the 61 per cent of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz, according […]
Opinion: Here’s why Canada depends so much on its energy exports
Energy exports have been as much as 25 per cent of Canada’s total exports By Stewart Muir Canadian resource industries continue to have a highly positive impact on the well-being of the country. Yet there is no shortage of armchair critics bamboozling the public claiming oil, gas and coal don’t provide value to Canadians. Even […]
Indian refiner buys 1 million barrels of WTI Midland oil: Reuters
First purchase of WTI Midland by any Indian company Reuters reports India’s state owned Bharat Petroleum Corp (BPCL) purchased 1 million barrels of WTI Midland grade. The sale marks the first time an Indian company has bought the US grade, according to an industry source knowledgeable of the deal. Refiners in India joins a number […]
US solar industry prepares for possible Trump tariff on Chinese exports
US solar domestic industry employs 260,000 people The US solar industry is bracing for a decision from the Trump administration that could see hefty tariffs imposed on solar energy components imported into the United States from China. Suniva is a manufacturer of high-efficiency crystalline silicon photovoltaic solar cells and high-power solar modules. The Georgia-based, but mostly […]
Alberta to benefit from new Canadian Free Trade Agreement
Energy, particularly the utilities and power generation sector, is a key part of CFTA Alberta businesses, investors and workers will have easier and increased access to Canada-wide markets, including government tenders in other provinces and territories, under the new Canadian Free Trade Agreement (CFTA), according to an Alberta government press release. The new CFTA […]
Senate endorses new ‘national infrastructure corridor’ concept from University of Calgary
National Corridor would include highways, railways, pipelines as well as electrical transmission, communications networks A Senate committee has endorsed a 2016 University of Calgary study that demonstrated the value of a cross-country “national infrastructure corridor” through northern Canada to tidewater, calling for Ottawa to take the lead on the project, which would likely take decades to […]
Ford Focus production moves to China, company bets on low oil prices
Ford Focus production shift from Mexico to China called purely financial by company On Tuesday, Ford Motor Co announced it would move some production of its Ford Focus to China and import the vehicles to the US beginning in 2019. The move is seen as a long-term bet on low oil prices and stable US […]
Succeeding in Age of Trump requires Canada to adjust trade, economic priorities
Trade development could be enhanced with countries where bilateral free trade deals are in place, led by South Korea The election of Donald Trump has changed the international policy environment, posing a challenge for Canadian policy-makers and business leaders, according to Canada Chamber of Commerce. Canada needs to refocus its international trade and economic priorities […]
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