Global Trade

Economic report
Stay calm and keep shopping  

U.S. President Donald Trump’s trade war with China has increased the chances of the U.S. economy slipping into recession next year. This past summer, stalled negotiations led the president to announce that he would be hiking the existing tariffs of Chinese imports on October 1. He also threatened to slap new tariffs of...

Kip Beckman , October 11, 2019 | Blog

Economic report
Artificial intelligence and the Global Trade Environment: Strategic Foresight 

This report presents and analyzes four plausible scenarios on AI (artificial intelligence), global adoption, and the openness of the global trade environment. Gain insights into the challenges and opportunities that industries, the government, and the public may face as AI technologies and global economic trends continue to evolve.

CBoC, October 4, 2019 | Blog

The trade dispute between China and the United States has forced multinational corporations to consider relocating their operations to other Asian, or even Latin American, countries in order to avoid the rising U.S. tariffs on Chinese imports that are cutting into their profit margins.

Merchandise exports increase in August

Following two months of decline, Canada’s merchandise exports increased in August. Despite the positive performance, the near-term outlook for the trade sector is expected to be less-than-stellar given all the turbulence and continued uncertainty on the global front. Growth prospects for Canada’s trade sector are expected to be tepid for the remainder of the year.

Doris Chu, October 4 2019 | Report

Canadian industrial outlook: Food manufacturing—September 2019

The rise of plant-based meat substitutes (i.e., “meatless” products) is set to accelerate the anticipated decline in per-capita meat consumption in Canada. To compete with imported products such as Beyond Meat and tap into this rapidly growing market, Canadian food manufacturers are being forced to adapt and develop new products in this segment.

Robert Meyer-Robinson , September 27, 2019 | Report

Economic report
U.S. Outlook Economic Forecast  

Donald Trump’s trade war with China has increased the chances of the U.S. economy slipping into recession next year. In the summer, the U.S. president reacted to the stalling of negotiations between Washington and Beijing by announcing that he would increase the existing tariffs...

CBoC, October 2, 2019 | Report

Bank of Canada holds rates and flags global growth concerns

Global trade tensions are clearly top of mind for Bank of Canada policy makers. This morning's communication started and ended with a reference to global trade tensions. The Bank of Canada held its overnight rate this morning. While domestic conditions are currently strong, Canada is not immune to the effect of slowing global growth.

Alicia Macdonald , Sep 04, 2019 | Report

GDP growth soars past expectations

GDP growth soared past most projections in the second quarter. After two quarters of sluggish growth this suggests the economy is performing significantly better. However, weak business investment and a deepening US–China trade war could easily derail growth and are likely to keep the Bank of Canada from increasing rates.

Matthew Stewart, August 30, 2019 | Report

Composite leading index for Canada: July 2019

Concerns continue to mount over the pace of U.S. economic growth, following its impressive performance over the last two-and-a-half years. Second-quarter U.S. GDP growth was the second lowest it has been since 2016, on the heels of a weak end to 2018.

Cory Renner, August 16, 2019 | Report

Canadian industrial outlook: Motor vehicle parts manufacturing—summer 2019

Production shifts to popular light-truck models—U.S. passenger car sales have declined since 2015 in favour of light trucks. The product shift has helped to compensate for the decline in Canadian vehicle production. .

Aimee McArthur-Gupta , August 13, 2019 | Report

Provincial outlook executive summary: summer 2019

The economy got off to a poor start in 2019 as the trade sector took a toll on economic growth. However, growth is expected to pick up throughout the rest of the year..

Marie-Christine Bernard, August 9, 2019 | Report