National Newswatch
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Trudeau Says EU Must Spread Trade’s Benefits or Risk Its Decline

Feb 16 2017 — Josh Wingrove — The trade pact between Canada and the European Union approved this week could be one of the world’s last multilateral trade deals unless policy makers share the benefits more widely, Canadian Prime Minister Justin Trudeau told European lawmakers. Trudeau addressed the European Parliament in Strasbourg, France, on Thursday after both it and Canada’s House of […]

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Trump Team Leery of Having Too Many ‘Goldman Guys’ in Top Posts

Feb 12 2017 — — Goldman Sachs Group Inc. banker Jim Donovan is under consideration for the No. 2 job at the Treasury Department, said a person familiar with the deliberations, but he’s got one big thing working against him. Too many “Goldman guys” already have high-up positions in the Trump administration, the person said, and that could knock Donovan […]

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Germany Picks Anti-Trump President as Trans-Atlantic Bonds Fray

Feb 12 2017 — — Frank-Walter Steinmeier, the former German foreign minister who was a vocal critic of Donald Trump during the U.S. election, is poised to become the country’s 12th postwar president. The Social Democrat who served two stints as foreign minister under Chancellor Angela Merkel emerged as her governing coalition’s candidate last November as the parties sought to […]

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Canada’s AAA Rating Is on Thin Ice

Feb 10 2017 — — A Triple-Eh credit rating? For Canada, maintaining the trust of borrowers is a source of national pride, like winning the gold medal in Olympic ice hockey: hard-earned international validation of the nation’s skill, discipline and strong stewardship. But Fitch Ratings is warning that the country’s prized standing in the eyes of creditors may suffer because […]

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Australia Strives for ‘TPP Minus 1’ After Trump Withdraws

Feb 8 2017 — — Australia will push the case for a Pacific trade deal without the U.S. at a meeting with other potential members in Chile next month, Trade Minister Steven Ciobo said. The Trans-Pacific Partnership remains “absolutely” relevant without the U.S. and the text of the accord would only need minor tweaking to allow for America’s withdrawal, Ciobo […]

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Trudeau’s Growth Guru Urges Deeper North American Trade Ties

Feb 6 2017 — Greg Quinn — Canadian Prime Minister Justin Trudeau should keep touting the benefits of global trade to skeptical voters and seek even deeper ties within a successful North American trade zone, according to a report from the government’s Advisory Council on Economic Growth. The report Monday comes as U.S. President Donald Trump says the North American Free Trade […]

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Resisting Trump Tariffs Would Be Futile for Trudeau, Report Says

Jan 25 2017 — Greg Quinn — Donald Trump is holding a big stick over Prime Minister Justin Trudeau in pending trade negotiations because retaliating against any new tariffs would do even more damage to Canada’s economy, a new study shows. After a protectionist campaign, the new U.S. president said he intends to act fast on renegotiating the North American Free Trade […]

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Canada Evokes Reagan in Bid to Make U.S. Green Again Under Trump

Jan 25 2017 — Josh Wingrove — Donald Trump is no environmental icon, but Catherine McKenna thinks she can win him over. Canada’s environment minister is holding out hope the new U.S. administration won’t derail global efforts to cut emissions — even amid jarring differences in approach. Prime Minister Justin Trudeau’s government has beefed up regulatory review of pipeline approvals and is […]

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Optimism Emerges in Canada in Spite of Trump’s TPP, Nafta Moves

Jan 24 2017 — Josh Wingrove — On a day when Donald Trump backed out of one trade deal that included Canada and pledged to reopen a second, signs of optimism emerged from Justin Trudeau’s government that it can escape the upheaval relatively unscathed. Trudeau’s cabinet is meeting in Calgary with Trump atop the agenda. The lawmakers hosted Stephen Schwarzman, chief executive […]

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Trump Aide Reassures Canada on Trade Talks, Isolating Mexico

Jan 23 2017 — — The U.S. and Canada are signaling most of the pain from reworking Nafta will hit Mexico, with an adviser to Donald Trump flying to Calgary to tell Justin Trudeau’s team that commerce is balanced and running smoothly north of the border. Trudeau’s cabinet gathered in the nation’s oil hub to weigh Trump’s impact, as Canada’s […]

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Trudeau Braces for Trump’s Nafta Gambit During Oil-Patch Huddle

Jan 22 2017 — Josh Wingrove — Donald Trump won’t be there, but the new U.S. president will factor in to nearly every discussion as Canadian Prime Minister Justin Trudeau’s cabinet meets ahead of the start of new continental trade talks. Trudeau, Foreign Minister Chrystia Freeland and other top Liberal lawmakers convene in Calgary for talks beginning Monday to figure out how […]

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Outgoing Obama Trade Chief Backs NFL in Canada Super Bowl Fight

Jan 20 2017 — Josh Wingrove — Barack Obama’s outgoing trade representative made a last-ditch appeal to Prime Minister Justin Trudeau’s government to intervene in a dispute over Super Bowl ads — the second battle with Canada that Michael Froman escalated in his waning days on the job. Froman wrote to Trudeau’s foreign minister, Chrystia Freeland, on Jan. 13, urging her to […]

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Trump’s Commerce Pick Signals Plan to Launch Nafta Talks Early

Jan 18 2017 — — Renegotiating the North American Free Trade Agreement will be a priority for Donald Trump’s administration, his nominee for commerce secretary said, signaling new talks with Canada and Mexico will begin swiftly after Friday’s inauguration. Wilbur Ross, speaking Wednesday during a confirmation hearing in Washington, said the trade pact is “logically the first thing for us […]

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Trudeau Ditches Davos and Moderates His Message for Trump Era

Jan 18 2017 — Josh Wingrove — Justin Trudeau swept to power in Canada as, among other things, a pro-trade feminist pledging an influx of refugees and a renewed global agenda. Now, with voter unrest upending the Western world and Donald Trump days away from power, the prime minister is changing tack. Trudeau has quietly and steadily refined his approach since the […]