GFM Network News


“The way forward has been deeply clouded by the second wave and renewed restrictions, so growth will cool considerably in Q4.” – Doug Porter, chief economist, BMO Capital Markets.

Canada economy grew through September, but way forward ‘clouded’

As the pandemic’s second wave arrives uncertainty abounds

The Canadian economy grew in both August and September, with the August gain slightly above expectations, but a rise in COVID-19 infections, along with targeted restrictions to curb the virus, are expected to put a lid on economic activity into the fall. Canada’s real GDP rose 1.2 per cent in August, ahead of analyst estimates

(FIle photo by Dave Bedard)

China’s ban on Canadian canola expands to Viterra

Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month.



Prime Minister Justin Trudeau speaks Aug. 23, 2017 at a Montreal charity event. (PM.gc.ca)

Trudeau indicates no compromise on key NAFTA demands

Surrey, B.C. | Reuters — Prime Minister Justin Trudeau indicated Tuesday that Canada would not compromise on key demands at high-level talks this week with the U.S. to update the North American Free Trade Agreement. Senior officials from both sides are due to meet in Washington on Wednesday in a bid to settle major differences



Foreign Minister Chrystia Freeland takes part in a news conference at the Canadian embassy in Washington, D.C. on Aug. 31. (Photo: Reuters/Chris Wattie)

U.S. to move ahead with Mexico pact, keep talking to Canada

Washington/Toronto | Reuters — Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade Agreement after the mood soured, and President Donald Trump notified Congress of his intent to sign a bilateral trade pact with Mexico. U.S. and Canadian trade officials set plans to resume their talks on


Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative’s office in Washington on Aug. 28. (Photo: Reuters/Chris Wattie)

Trump, Trudeau upbeat about prospects for NAFTA deal by Friday

Washington | Reuters — The leaders of the U.S. and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained. Under pressure, Canada rejoined the talks to modernize the 24-year-old North