USMCA Trade Deal – What’s New?
Recently, it was announced that the US, Mexico and Canada have finalized the United States-Mexico-Canada Agreement (USMCA). This new North American trade deal is intended to replace the North American Free Trade Agreement (NAFTA), the 1994 pact that governs free trade policies between the three nations. The key changes to the agreement update the 25-year old […]
2019 Economic Review & 2020 Forecast
Canadian stocks are soaring, while the economy is expected to reach slowest pace in a decade. The National Bank of Canada reports investor optimism for a pro-growth agenda on the horizon at the end of 2019, despite the effects of recent protectionist policies continuing to ripple across global supply chains. The fate of emerging markets, […]
USMCA Trade Deal Reached After Year of Intense Negotiations
Details about the newly renegotiated United States-Mexico-Canada Agreement (USMCA) have been released. This proposal, if ratified, will address disputes in the Canadian automotive and agricultural sectors, the cost of generic drugs in Canada, and online eCommerce. It does not currently address national security tariffs, but preserves the dispute resolution process from the North American Free Trade Agreement (NAFTA). […]
Vancouver Agri-food EUREKA! Event About International R&D Collaboration
Join Dutch EUREKA! expert Arnold Meijer and learn about how Eureka! can help you collaborate with 40 countries worldwide. EUREKA! / Eurostars is a program that supports Canadian small & medium enterprises (SMEs) wanting to collaborate with partners in around 40 other countries, in Europe and worldwide, to conduct R&D and develop technologies for new products […]
Ontario Budget 2018 Highlights
The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product (GDP) in 2017-18 to 22.1% by 2022. The Ontario Budget proposes several measures and investments […]
Upcoming Seminar on Cross-Border Businesses
Hodgson Ross LLP will be offering a free seminar on optimizing your cross-border business on Thursday, September the 24th at the Harbour Banquet and Conference Center in Oakville. Date: Thursday, September 24, 2015 Time: 3:30 – 5:00 p.m; Registration at 3:00 p.m. Location: Harbour Banquet & Conference Centre, 2340 Ontario Street, Oakville, ON [ Register ] This […]
FedDev Announces Creation of Canadian Centre for Product Validation
On March 6, 2015, it was announced that London-based Fanshawe College in southern Ontario will be receiving an $8.1 million federal contribution to build a 20,000 square foot facility to validate and test industrial, internationally developed products for market. The Canadian Centre for Production Validation (CCPV) will be the first facility in Canada to offer […]
Canada and European Union Sign Free Trade Deal
Canada and the European Union have signed a tentative free trade deal under the Comprehensive Economic Trade Agreement (CETA). The highlights of CETA include: Canadian automakers will be able to export 100,000 cars a year, 12 times their current limit. Full access to EU markets for Canadian fresh and frozen fruit and vegetables, and for […]
Ontario Chamber of Commerce Provides Export Funding Through OEF and EMA
With expansion occurring in many countries within the global economy, now is the time for manufacturers to take advantage of lucrative markets outside of Canada. The first step to prepare your business to export is to draft a comprehensive export plan. An export plan is an extension of your business plan and an evaluation of […]
Positive Signs for Canada’s Trade Deficit
Recent January numbers for Canada’s exports and imports indicated an overall drop in the country’s trade deficit. As reported by Statistics Canada, the trade deficit decreased from $332 million in December 2012 to $237 million in January 2013. Overall exports rose for the month of January to $39.1 billion. This was mainly driven by the […]