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As U.S. protectionism surges, Canada implores Washington: But we're friends!

PMO Photo by Adam Scotti

In the 1980 U.S. presidential election Republican Ronald Reagan campaigned in Michigan promising to protect autoworker jobs.

A strong U.S. dollar provoked measures to protect U.S. production of autos, steel and textiles against foreign competitors who profited from domestic currency weakness through increased exports to the U.S.

In 1981 Reagan imposed "voluntary" export restraint agreements on Japanese carmakers, who were required to limit their exports to the U.S.

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Columnists

Canada's highly lopsided economic relationship with China

PMO Photo by Adam Scotti

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Columnists

How value-added exports are boosting Canada's economy

Photo: Taku/flickr

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Photo: Peg Hunter/flickr
| October 14, 2015
Columnists

Canada's auto strategy: Grovelling for crumbs in NAFTA's grim reality

Photo: BUICK REGAL/flickr

You could hear jaws dropping onto factory floors right across Ontario's auto belt last month. Export Development Canada (EDC) announced a $525-million loan to Volkswagen. The money was not to lure the company -- the world's largest automaker -- to Canada. To the contrary, we're helping finance Volkswagen's growth 4,000 kilometers away: with expanded factories in Mexico and Tennessee, and a new plant in Mexico (producing luxury Audis).

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Redeye

Recent accord between U.S. and Cuba stops short of significant change

January 23, 2015
| Americans able to visit more freely, the Cuban 5 released and essential construction materials allowed into the country. But what else was in the agreement between Obama and Castro?
Length: 15:56 minutes (14.6 MB)
Columnists

Leaking jobs in Canada through our foreign accounts deficits

Photo: Robert Fairchild/flickr

Recent incidents of Canadians losing jobs to temporary foreign workers have panicked Conservative Minister Jason Kenney into imposing a moratorium on the use of these workers by the restaurant industry.

Importing low-wage labour works against Canadians looking for a raise. However, Canadians looking for a job are also hurt by recent trends in foreign trade. An outflow of spending from Canada indicates weakness in the ability of the economy to generate jobs.

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March 12, 2014 |
We cannot stand by a deal that secures a one-way flow of Korean auto imports into the Canadian market, undermining the jobs and industry on which so many Canadians depend.
Columnists

The loonie returns to earth after a long flight of fancy

Photo: Jackman Chiu/flickr

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The long-overdue depreciation of Canada's currency is gathering steam. The dollar lost 8 cents against its U.S. counterpart, in fits and starts, over 2013. It's lost another 2 cents since the start of 2014, and negative sentiment about the currency is accumulating among financial analysts and traders.

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Photo: Mel Watkins
| December 20, 2013
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