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  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • Equifax says hack potentially exposed details of 143 million consumers

    CANADA, 2017/09/08 Equifax Inc (EFX.N), a provider of consumer credit scores, said personal details of as a lot of as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of the major data breaches in the United States. The company’s shares were down 8.7 % at $134.16 in next-market trading on Thursday. The details accessed included names, social security numbers, and, in some cases, driver’s license numbers, Equifax said.
  • U.S. trade rep says in NAFTA talks he keeps Trump's views in mind

    CANADA, 2017/09/06 U.S. Trade Representative Robert Lighthizer said on Tuesday that he and President Donald Trump are in full agreement on the NAFTA trade pact’s problems and believes that Trump will support any final modernization transaction that he negotiates. Next closing out five days of talks in Mexico City, Lighthizer said that he considers Trump’s views in each decision he makes in negotiations over the North American Free Trade Agreement.
  • Why Mexico, Canada can discount Trump’s remarks on NAFTA?

    CANADA, 2017/08/26 Mexico and Canada may discount US President Donald Trump’s remarks about the country’s withdrawal from the North American Free Trade Agreement (NAFTA), Russell A. Green, Will Clayton Fellow in International Economics at Rice University's Baker Institute (Houston) told Trend. "Trump’s threat to withdraw completely from NAFTA should be taken seriously. Nonetheless, there are reasons Mexico and Canada may discount his remarks. Initial, the remarks came during a political rally and may have been directed additional at supporters than the negotiations. Second, there is very little support for withdrawing from NAFTA in Congress, so Trump risks further alienating significant portions of his own party. Third, some legal scholars have offered that the president does not even have the power to do so. While foreign policy treaties like alliances may be canceled by the president autonomously, trade treaties are not the same. They fall under the Commerce Clause in the US Constitution, which stipulates that Congress has authority," the expert explained.
  • Brazil' Gov't Calls For WTO Panel Against Canadian Subsidies To Bombardier

    BRAZIL, 2017/08/22 The Brazilian government will request that the World Trade Organization's (WTO) Dispute Settlement Body to set up a panel to discuss the case against Canada related to subsidies given by the North American country to the aviation sector, benefiting Bombardier's C-Series program, which competes with Brazil's Embraer. The WTO will be requested to examine additional than 20 programs of subsidies granted by Canada to the aviation sector of the country due or not instantly related to the development of the new Bombardier family of aircraft in the context of the C-Series program. The Brazilian government questions if the subsidies are compatible with WTO rules.
  • Canadian subsidiary of French defence giant gets $5.2 billion contract

    CANADA, 2017/08/22 The federal government said Thursday that Thales Canada will provide in-service support for vessels under a arrangement that could total $5.2 billion over 35 years. The Canadian subsidiary of French defence giant Thales has been awarded a multibillion-dollar arrangement to service Canada's new fleet of Arctic offshore patrol ships and joint support vessels. The Canadian subsidiary of French defence giant Thales has been awarded a multibillion-dollar arrangement to service Canada’s new fleet of Arctic offshore patrol ships and joint support vessels.
  • Toronto Stock Exchange’s main index falls, loonie continues to strengthen

    CANADA, 2017/08/21 Canada’s major stock index shed nearly 100 points on the final trading day of the week in a broad-based decline. The S&P/TSX composite index closed down 81.31 points at 14,952.33.
  • Lower prices and increased productivity

    CANADA, 2017/08/21 As negotiators from Canada, the United States and Mexico get ready to discuss how to improve the North American Free Trade Agreement, here’s what you need to know. How does NAFTA affect me? For consumers, trade deals have a positive and wide-ranging affect but, most of the time, they don’t know it.
  • Here’s why everybody is so interested in Canada’s inflation data today

    CANADA, 2017/08/21 Canadian consumer prices showed some signs of life last month, Statistics Canada said Friday in a statement that should bolster policy makers’ confidence inflation is trending higher from extremely low levels. Annual inflation accelerated to 1.2 % in July, in line with economist expectations, next falling to an almost two-year low of 1 % in June. The statement as well showed a second straight gain in core inflation.
  • Canada’s unemployment rate falls to lowest in nearly nine years

    CANADA, 2017/08/21 The economy extended its winning streak in July, posting its eighth consecutive month of job increase while the unemployment rate dropped to its lowest point since the start of the financial crisis nearly nine years ago. The unemployment rate fell 0.2 % points to 6.3 %, a level not seen since October 2008, as the number of people looking for work declined, Statistics Canada reported Friday. The decrease came as the economy pumped out 10,900 net new jobs for the month. That followed staggering employment increase of 45,300 in June and 54,500 in May.