Reading Time: 2 minutes Calgary | Reuters — Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. “We love our Mexican friends. But our national interests come first and the friendship comes second,” a source […] Read more
Canada to Mexico on NAFTA: You might be on your own
Canada says TPP trade deal dead without U.S.
Reading Time: 2 minutes Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more
Canada not seen as U.S. target in NAFTA talks
Reading Time: 2 minutes Calgary | Reuters — Canada has a “very special status” and is unlikely to be hit hard by changes the U.S. wants to make to the NAFTA trade accord, the head of a business advisory council to U.S. President Donald Trump said on Monday. Stephen Schwarzman made his remarks after addressing Canadian Prime Minister Justin […] Read more
Trudeau to shuffle Dion out of foreign affairs
Reading Time: 2 minutes Ottawa | Reuters –– Canadian Prime Minister Justin Trudeau will shuffle his cabinet this week and is set to move Foreign Minister Stephane Dion, who ran into political trouble last year, a person with knowledge of the matter said on Monday. “Dion is out,” said the person, who requested anonymity because of the sensitivity of […] Read more
Panel calls for Canada to require plain-packaged pot products
Reading Time: 2 minutes Ottawa | Reuters — The Canadian government should regulate the production of cannabis when it is legalized for recreational use and require plain packaging for such products, an official panel recommended on Tuesday, a potential setback to growers who hoped to build brands. How cannabis is sold should be left up to the provinces and […] Read more
Belgian region wants more time to fix CETA
Reading Time: 2 minutes Brussels/Ottawa | Reuters — The premier of the Belgian region that is the main impediment to a planned EU-Canada free trade agreement on Wednesday advised postponing a summit next week to sign the deal and taking a few more months to fix outstanding issues. Walloon’s Paul Magnette spoke as pressure mounted on him to drop […] Read more
German court rejects bid to block Canada-EU trade deal
Reading Time: 3 minutes Berlin/Ottawa | Reuters –– Germany’s Constitutional Court cleared the government on Thursday to approve a free trade accord between the European Union and Canada under defined conditions, boosting the agreement’s chances of passing an EU vote next week. However, Canadian Prime Minister Justin Trudeau made clear he was losing patience with the EU over the […] Read more
Canada unveils carbon price, energy-producing provinces unhappy
Reading Time: 2 minutes Reuters — Canada’s federal government on Monday vowed to bring in a minimum price on carbon emissions by 2018, prompting one energy-producing province to threaten legal action and another to demand approval of an oil pipeline in return. Liberal Prime Minister Justin Trudeau, who took power last November promising to do more to protect the […] Read more
Canada, China agree to tighten trade ties
Reading Time: 2 minutes Ottawa | Reuters — Canada and China said Thursday they would start exploratory talks on a free trade pact, but gave few details about a possible extradition treaty for Chinese fugitives which has triggered criticism in Canada. Canada’s Liberal Prime Minister Justin Trudeau, elected last year, is trying to improve ties and increase trade with […] Read more
China, Canada resolve canola dispute until 2020
Reading Time: 2 minutes Ottawa | Reuters — Canada and China have agreed on a solution to a trade dispute over $2 billion worth of annual canola sales, lasting to 2020, leaders of the two countries said on Thursday. The solution is “predictable, science-based and stable,” ensuring access for Canadian shipments to China, Canadian Prime Minister Justin Trudeau said […] Read more