Toronto container haulers sign “unprecedented” deal, end strike
BRAMPTON, Ont. — Truckers represented by the Container Trucking Association of Ontario (CTAO) have returned to work, after signing an “unprecedented” deal with the industry, the group announced. The deal was signed at 6:30 p.m. yesterday, following a nine-day strike. The CTAO said the new deal “includes a fair percentage increase in rates for the first time in over a decade and is unprecedented in the North American container trucking industry.” The agreement also addresses w
UPDATE 2-Healthy export growth helps cut Canada's trade deficit in July
(Reuters) - Canada's export sector posted healthy growth for the second month in a row in July, helping cut the country's trade deficit to an eight-month low and adding to expectations the central bank will hold rates steady when it meets next week. The trade deficit narrowed to C$593 million ($446 million), data from Statistics Canada showed on Thursday, much less than the C$1.30 billion deficit that economists had forecast. It was the smallest since a C$381 million deficit
Canadian exports surge for second month in a row: ‘What the Bank of Canada wanted to see’
Canadian exports surged for a second month in July to the second highest on record, adding to evidence the nation’s economy is rebounding from a slump. Exports rose 2.3 per cent after a 5.5 per cent gain in June, Statistics Canada said in a report Thursday from Ottawa. It was the biggest two-month increase since January 2011. The nation’s trade deficit narrowed to $593 million, the lowest since November 2014. The report bolsters Bank of Canada Governor Stephen Poloz’s view no
Beef, fruit, nuts and wine exports increase to Korea and Japan in first six months of free trade dea
Australia's free trade deals with Japan and Korea have been in force for half a year, but agricultural exports are already up. Beef, grapes, wine and mangoes have shown the biggest rises in the first six months of 2015. The reports, from industry and government sources, come as Labor is under pressure to clarify its position on the China Free Trade deal. Wine flows Wine Australia's manager of wine intelligence Peter Bailey said growth in wine exports to Japan and South Korea
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