Global Markets: Canada launches WTO complaint against U.S.

By Commodity News Service Canada
WINNIPEG, Jan. 10, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Canada has launched a wide-ranging trade dispute against
the United States, challenging Washington’s use of anti-dumping
and anti-subsidy duties, Canada said in a World Trade
Organization filing dated Dec. 20 and published Wednesday. The
32-page complaint details five different ways the U.S. has been
breaking international trade rules.
Canada’s banking regulator announced Tuesday it will
introduce new capital rules stricter than those proposed by
global regulators to ensure banks can withstand financial
shocks. The changes will be phased in over a five-year period
from 2022. The regulator said it will replace the current
capital output floor used by Canada’s banks with the more risk-
sensitive Basel 2 floor, calibrated at 75 per cent.
According to Canada’s head of Amazon Web Services (AWS),
the Canadian business sector is slower to adopt new technology
than their European and American counterparts. Amazon has
noticed it takes more education and convincing to get Canadian
companies to embrace the industry’s latest advancements.

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