Global Trade

Economic report
Lower interest rates expected in 2020

Forecasters surveyed by The Conference Board of Canada in autumn 2019 have slightly upgraded their views concerning the outlook for the Canadian economy over the near term. Real GDP is expected to expand by...

Kip Beckman, October 18, 2019 | Webpage

Economic report
World outlook economic forecast

Geopolitical tensions rattling the world economy, some including tensions with the United States and China. The global economy expanded in 2018, but growth is set to weaken this year and in 2020.

CBoC , October 15, 2019 | Report

U.S. President Donald Trump’s trade war with China has increased the chances of the U.S. economy slipping into recession next year. This past summer, stalled negotiations led the president to announce that he would be hiking the existing tariffs of Chinese imports on October 1.

Kip Beckman

Kip Beckman

Principal Economist, Forecasting and analysis

Artificial intelligence and the global trade environment: Strategic Foresight

This report presents and analyzes four plausible scenarios on AI (artificial intelligence), global adoption, and the openness of the global trade environment. Gain insights into the challenges and opportunities that industries, the government, and the public may face as AI technologies and global economic trends continue to evolve.

Julie Adès, Henry Diaz, Nigel Russell, October 4, 2019 | Report

Leaving China is hard to do

The trade dispute between China and the United States has forced multinational corporations to consider relocating their operations to other Asian, or even Latin American, countries in order to avoid the rising U.S. tariffs on Chinese imports that are cutting into their profit margins.

Kip Beckman— October 8, 2019 | Blog

Merchandise exports increase in August

Following two months of decline, Canada’s merchandise exports increased in August. Despite the positive performance, the near-term outlook for the trade sector is expected to be less-than-stellar given all the turbulence and continued uncertainty on the global front. Growth prospects for Canada’s trade sector are expected to be tepid for the remainder of the year.

Doris Chu, October 4 2019 | Report

Canadian industrial outlook: Food manufacturing—September 2019

The rise of plant-based meat substitutes (i.e., “meatless” products) is set to accelerate the anticipated decline in per-capita meat consumption in Canada. To compete with imported products such as Beyond Meat and tap into this rapidly growing market, Canadian food manufacturers are being forced to adapt and develop new products in this segment.

Robert Meyer-Robinson , September 27, 2019 | Report

Economic report
U.S. Outlook Economic Forecast  

Donald Trump’s trade war with China has increased the chances of the U.S. economy slipping into recession next year. In the summer, the U.S. president reacted to the stalling of negotiations between Washington and Beijing by announcing that he would increase the existing tariffs...

CBoC, October 2, 2019 | Report

Bank of Canada holds rates and flags global growth concerns

Global trade tensions are clearly top of mind for Bank of Canada policy makers. This morning's communication started and ended with a reference to global trade tensions. The Bank of Canada held its overnight rate this morning. While domestic conditions are currently strong, Canada is not immune to the effect of slowing global growth.

Alicia Macdonald , Sep 04, 2019 | Report

GDP growth soars past expectations

GDP growth soared past most projections in the second quarter. After two quarters of sluggish growth this suggests the economy is performing significantly better. However, weak business investment and a deepening US–China trade war could easily derail growth and are likely to keep the Bank of Canada from increasing rates.

Matthew Stewart, August 30, 2019 | Report

Composite leading index for Canada: July 2019

Concerns continue to mount over the pace of U.S. economic growth, following its impressive performance over the last two-and-a-half years. Second-quarter U.S. GDP growth was the second lowest it has been since 2016, on the heels of a weak end to 2018.

Cory Renner, August 16, 2019 | Report