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Steel tariffs and the devil’s in the details: USMCA
•Finance Minister Bill Morneau said last week the government will impose immediate global tariffs and quotas designed to deflect a damaging flood of steel imports into Canadian markets as a result of U.S. levies. The “provisional safeguard” measures on seven steel products — considered emergency actions by the World Trade Organization — will apply to all countries including China, but will provide specific exemptions for the United States, Mexico, and developing countries.
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U.S. job growth slumps, while Canada records highest job numbers this year
•The U.S. Labor Department released its official hiring and unemployment figures for September last week, providing the latest snapshot of the American economy. While 134,000 jobs were added last month. Wall Street economists had expected an increase of about 168,000. Meanwhile, U.S. weekly jobless claims fell to a 49-year-low, with initial claims for state unemployment benefits dropping 8,000 to a seasonally adjusted 207,000 for the week ended Sept 29, the Labor Department said.
Read MoreMove over NAFTA, here comes the USMCA
A recap of last week’s top economic news and what’s to come
Read MoreTrade tensions intensify with both China and Canada
•The U.S. is sharply escalating the trade war with China imposing a 10% tariff later this month on $200 billion worth of Chinese goods, increasing to 25% at the end of the year. All told, it means roughly half of the products that China sells to the United States each year will be hit by American tariffs.
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Welcome to the USMC trade agreement?
A recap of last week’s top economic news and what’s to come Trump continues to…
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Canada and U.S. diverge on jobs
“A recap of last week’s top economic news and what’s to come” Canada loses jobs…
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Will Canada be left out of NAFTA?
AGF Weekly Perspectives “A recap of last week’s top economic news and what’s to come”…
Read MorePowell stays the course in Jackson Hole
AGF Weekly Perspectives “A recap of last week’s top economic news and what’s to come”…
Read MoreCanadian inflation surges, while U.S. housing slumps
AGF Weekly Perspectives “A recap of last week’s top economic news and what’s to come”…
Read MoreGeopolitics back in the spotlight
AGF Weekly Perspectives “A recap of last week’s top economic news and what’s to come”…
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