Results for "china"

Trade with Mercosur: Opportunities for Canada

Trade with Mercosur: Opportunities for Canada

In November 2018, Canada and Mercosur opened negotiations for a free trade agreement. The Mercosur, composed of Argentina, Brazil, Paraguay and Uruguay (Venezuela is a suspended member from 2016), represents a bloc representing a GDP of over $3 trillion and a...

CUSMA the New NAFTA: Boon or Bane For Canada?

CUSMA the New NAFTA: Boon or Bane For Canada?

In 1994, the United States, Mexico and Canada created a free-trade region with the North American Free Trade Agreement (NAFTA). Considering the fact that the USA is the largest economy in the world (from 1994 to present), NAFTA was a true asset for the Canadian...

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What Comes Next after Bitcoin Mainstreaming?

Underneath all the media brouhaha and institutional focus on bitcoin, a struggle is brewing in the crypto world: which altcoin will pick up the baton? A fierce competition is underway for the podium, with Ethereum having a clear first-mover advantage. Bitcoin, as...

The Energy Revolution Part One: The Biggest Losers

A world energy revolution is underway and it will be shaping the realities of the 21st century when the Crash of 2008 and the Great Stagnation that followed only interest historians. A new age of abundance for fossil fuels is upon us. And the center of gravity of the global energy picture is shifting from the Middle East to… North America.

How Obama Lost Canada: Botching Relations With the United States’ Biggest Trade Partner

Permitting the construction of the Keystone XL pipeline should have been an easy diplomatic and economic decision for U.S. President Barack Obama. The completed project would have shipped more than 700,000 barrels a day of Albertan oil to refineries in the Gulf Coast, generated tens of thousands of jobs for U.S. workers, and met the needs of refineries in Texas that are desperately seeking oil from Canada, a more reliable supplier than Venezuela or countries in the Middle East. The project posed little risk to the landscape it traversed. But instead of acting on economic logic, the Obama administration caved to environmental activists in November 2011, postponing until 2013 the decision on whether to allow the pipeline.

On Manufacturing in North America

The Economist has an interesting article this week on comparative advantage as it relates to manufacturing.  It is worth the read. I agree with the central theme going through this article that the cost of manufacturing labour is becoming less of a factor in...

Financial Reality is Needed in Maritime Canada: David Mackinnon addresses the Charlottetown Rotary Club, April 2, 2012 in Charlottetown, Prince Edward Island

I’d like to start my presentation with a warning. The warning is that I’m going to speak very frankly about difficult issues. I will be taking fundamental issue with the approach the federal government, P.E.I., Nova Scotia, New Brunswick, Quebec and Manitoba have been taking in relation to the many subsidies the Government of Canada provides to regions.