cover image: 2018 Canada's State of Trade

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2018 Canada's State of Trade

19 Jun 2018

From the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union, which came into force in September 2017, to the historic signing of the 11-country Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) in March of this year, Canada has led the way in making trade fair and accessible to more citizens from almost every corner of the world. [...] The United States’ economy was slow out of the gate early in 2017, but made up the lost ground and accelerated strongly for the remainder of the year with 3.0-percent average annualized growth in the last three quarters, and 2.3 percent overall in 2017. [...] Most of 2017 growth was realized during the first two quarters of the year, when it reached the scorching pace of 4.0 percent and 4.4 percent, respectively; it returned closer to potential growth with 1.5 percent in the third and 1.7 percent in the fourth quarter. [...] Over the course of the year, the loonie appreciated in value against the U. S. dollar and the Japanese yen, but depreciated against the European euro and the British pound. [...] The strings of the labour markets are being pulled ever more firmly across the developed world, the central banks are tightening warily, listening to the first signs of the incipient inflation pressures, and the business pundits across the world are back to forecasting the date of the next recession.
china growth government politics economics economy recession inflation economic canada balance of trade business economic growth fdi investments prices output unemployment imf nafta current account m&a economy of china economy of mexico
Pages
178
Published in
Ottawa, ON, CA

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