Ottawa | Reuters — Although U.S. President Donald Trump says he only wants to tweak trade ties with Canada, his pledge to renegotiate NAFTA to focus on Mexico is almost impossible and Canada will not emerge unscathed, Canadian officials and trade experts said Tuesday. Trump had warm words for Canadian trade following a meeting with […] Read more
Despite Trump talk of ‘tweaking’ NAFTA, Canada could still be hurt
Canada to Mexico on NAFTA: You might be on your own
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 says TPP trade deal dead without U.S.
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
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
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
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
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
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
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
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
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