The head of the nation’s largest business group on Wednesday said the U.S. has a “once in a generation chance” to reshape a slow-growing American economy, but he also cautioned that a golden opportunity could be lost if stiffer trade barriers get in the way.
OTTAWA — Canada’s Chamber of Commerce is pushing Ottawa for lower trade barriers, regulatory reform, and support for small business when it tables the next federal budget.
The chamber, which represents tens of thousands of Canadian businesses, is to publish Thursday a list of 10 “opportunities for economic success,” hopeful that Finance Minister Bill Morneau will pick up on some of its recommendations for use in his 2017 federal budget.
Donald Trump plans to overhaul tax, trade, energy and regulatory policies to spur an era of “unbridled” American growth, promising to create more jobs than the world’s largest economy has added in any 10-year period.
Donald Trump unveiled an economic team that's a mirror image of the candidate and his campaign: They're mostly outside the Republican, Wall Street and academic establishments, and they're all men. The lineup is heavy on aging billionaires who run their own enterprises -- just like Trump -- and includes financiers John Paulson, Andy Beal and Stephen Feinberg. Economists David Malpass, Peter Navarro and Stephen Moore are also listed as advisers to the Republican presidential candidate.
Taking on the multi-million-dollar TMX Group Inc. will be no easy task.
A proposed new stock exchange dubbed Aequitas Innovations Inc. has some of the key players that took a bite out of the market share of Canada’s main trading exchanges a few years ago: Namely Royal Bank of Canada, the country’s largest bank, and Jos Schmitt, the man who championed bank-backed Alpha Group that captured nearly 20% of volume traded in Canada within three years of its 2008 launch.
Since his election last week, incoming U.S. president Donald Trump has repeated his plans to “dismantle” the sweeping post-crisis Dodd-Frank Wall Street Reform act, a move that could allow big banks to re-engage in some activities they were forced to abandon after the law was passed in 2010.
Atlanta (AFP) - Trade ministers from the US, Japan and 10 other Pacific Rim countries opened final-stretch negotiations Wednesday trying to seal a deal on the world's largest free-trade pact, the Trans-Pacific Partnership.
Gap once ruled the retail world. But today, America's largest apparel retailer is closing a quarter of its stores and laying off hundreds of workers amid disappointing sales. Gap's closures are indicative of a larger trend in American retail.
Germany's trade surplus is a problem: ...in recent years China has been working to reduce its dependence on exports and its trade surplus has declined accordingly. The distinction of having the largest trade surplus, both in absolute terms and relative to GDP, is shifting to Germany. ...
OTTAWA — The Conservative government is in the process of hammering out a comprehensive new agreement on internal trade with the provinces, aimed at lowering barriers estimated to cost the country $50-billion a year.
James Moore, the federal Industry Minister, said his number one priority is a new internal trade deal that would supersede the existing Agreement on Internal Trade, which was signed by the provinces 20 years ago and left intact a patchwork of cumbersome barriers.