GFM Network News

Trump says impeachment inquiry could derail North America trade deal

Reading Time: 2 minutes Washington/Mexico City | Reuters — U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets. While U.S. Trade Representative Robert Lighthizer said he was confident the U.S-Mexico-Canada trade agreement would […] Read more

Industry groups hail appointment of new China envoy

Reading Time: 2 minutes Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more

Trudeau, China’s Xi had ‘positive’ discussions as dispute rages

Reading Time: 1 minute Ottawa | Reuters — Canadian Prime Minister Justin Trudeau and Chinese President Xi Jinping had “positive, constructive interactions” on the sidelines of the G20 summit on Friday as a dispute between the two countries rages, Trudeau’s office said. Trudeau spoke “more than once” to Xi during a meeting of the Group of 20 leading economies […] Read more

Trudeau to meet with Pelosi, McConnell on USMCA

Reading Time: 2 minutes Washington | Reuters — Canadian Prime Minister Justin Trudeau this week is set to meet with Nancy Pelosi, speaker of the Democrat-controlled U.S. House of Representatives, and U.S. Senate majority leader Mitch McConnell, a Republican, in a bid to fast-track passage of a delayed trade deal, two congressional aides said on Monday. Trudeau is to […] Read more

Canada rejects idea of halting Huawei CFO’s extradition

Reading Time: 1 minute Ottawa | Reuters — Canadian Foreign Minister Chrystia Freeland on Thursday dismissed a suggestion that Ottawa block the extradition of a top executive from China’s Huawei Technologies to the United States, saying it would set a dangerous precedent. Huawei’s chief financial officer Meng Wanzhou, who was arrested on U.S. fraud charges in Vancouver last December, […] Read more

Canada frets about potential Chinese crackdown on more exports

Reading Time: 2 minutes Ottawa | Reuters — Canadian Prime Minister Justin Trudeau said on Thursday he was concerned that China could broaden its crackdown on Canada’s exports, and that he might seek a meeting with Chinese President Xi Jinping later this month. China has already blocked imports of Canadian canola seed and looks set to boost customs examinations […] Read more

China says hopes Canada understands consequences of siding with U.S.

Reading Time: 2 minutes Beijing | Reuters — China hopes Canada understands the consequences of siding with the United States and doing its bidding, China’s foreign ministry said on Friday, after U.S. Vice-President Mike Pence called for the release of two Canadians detained in China. Chinese authorities detained Canadian businessman Michael Spavor and former diplomat Michael Kovrig in December, […] Read more

Pence, Trudeau to discuss Huawei, China trade issues in Ottawa

Reading Time: 1 minute Washington | Reuters — U.S. Vice-President Mike Pence and Canadian Prime Minister Justin Trudeau will discuss their joint dispute with China over Huawei Technologies during a meeting in Ottawa on Thursday, a senior U.S. administration official said. Pence, known for taking a hard line against China, will travel to the Canadian capital to discuss trade […] Read more

Canada moves to ratify USMCA ahead of Pence visit

Reading Time: 1 minute Ottawa | Reuters — The Canadian government formally presented draft legislation to ratify the new North American Trade deal to parliament on Wednesday, less than 24 hours ahead of a visit by U.S. Vice-President Mike Pence. Prime Minister Justin Trudeau presented the bill to the House of Commons, confirming a Reuters story from Tuesday that […] Read more