Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



TRADE WARS
Canadian premiers note role of expanding trade with China
by Daniel J. Graeber
Washington (UPI) Jul 20, 2017


While stressing the importance of the U.S. trade relationship, Canadian premiers said they were anticipating a role in an eventual free-trade deal with China.

Canadian provincial leaders during their annual summer meeting outlined shared priorities for the year ahead. From an overheated Toronto-area housing market, to wildfires raging in British Columbia, premiers highlighted economic and trade issues during their annual summit in Yukon.

Canada relies on the United States as its top export destination for key commodities like oil and soft lumber, but has reached out to Asian economies in an effort to diversify its economy. Prime Minister Justin Trudeau in May issued a public call to weigh in on the possibilities of reaching a free-trade agreement with China.

"Premiers noted the importance of expanding trade as a key factor in growing Canada's economy and emphasized the need to promote Canada's trade opportunities in growing international markets such as China," a statement from the Yukon summit read.

Chinese President Xi Jinping last week called for the "launch negotiations on a free trade agreement at an early date."

China is the second largest economy in the world, behind the United States.

After raising its overnight rate to three quarters of a percent last week, the Central Bank of Canada said growth during the first quarter was "very strong" and the overall economy was adjusting to an era where lower crude oil prices are creating headwinds for provinces like oil-rich Alberta.

On energy, the premiers said progress since the adoption on a comprehensive strategy laid out in 2015 included the advancement of technologies ranging from zero-emission vehicles to renewable energy generation and storage.

The Canadian Association of Petroleum Producers, meanwhile, said capital spending in the oil sands sector is on pace to decline for the third straight year. Though drilling levels are on the rise, the trade group said there was long-term uncertainty regarding potential protectionist policies in the United States.

Premiers during their meeting said there was a shared goal to ensure the economic gains realized from the North American Free Trade Agreement "will not be undone."

The Central Bank of Canada estimated real growth in gross domestic product will shrink from 2.8 percent this year to 2 percent in 2018.

TRADE WARS
Things to know about Bitcoin
Tokyo (AFP) July 11, 2017
Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults. Here are some key facts about the world's most widely used crypto currency: What is Bitcoin? Bitcoin is a virtual currency created from computer code. Unlike a r ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Google's 'moonshot' factory spins off geothermal unit

Fighting global warming and climate change requires a broad energy portfolio

Low-carbon trajectory is the only option, European leaders say

Divestment streak continues for British energy company Centrica

TRADE WARS
Study: Mini cellular antennae helps turn muscle into fat

Optimizing hydrogen-powered passenger ferries focus of Sandia Labs study

Using the stairs just got easier with energy-recycling steps

Giant charge reversal observed for the first time

TRADE WARS
Unbalanced wind farm planning exacerbates fluctuations

Algeria seen as African leader for renewable energy

Owls' wings could hold the key to beating wind turbine noise

Thrive Renewables delivers mezzanine funded wind farms in Scotland

TRADE WARS
Non-toxic alternative for next-generation solar cells

More EU praise for progress on renewable energy

Making two out of one

There Will Always be Sun on this Horizon

TRADE WARS
Laser-Armed Nuclear Icebreakers: What Russia Has in Store for Arctic

Britain must leave EU nuclear body: Verhofstadt

France could close a third of nuclear reactors: minister

Mitsubishi, Assystem take stakes in France's nuclear reactors firm

TRADE WARS
New biofuel technology significantly cuts production time

Solving a sweet problem for renewable biofuels and chemicals

Cutting the cost of ethanol, other biofuels and gasoline

A whole-genome sequenced rice mutant resource for the study of biofuel feedstocks

TRADE WARS
Russia boasts of Turkish gas pipeline progress

An IPO in Thailand sparks push for regional energy development

U.N. to help Nigeria look beyond oil for revenue

Brent crude oil passes the $50 threshold in early Thursday trading

TRADE WARS
ADB warns climate change 'disastrous' for Asia

Scientists upgrade database tracking global temperatures across millennia

Bloomberg outlines plan to quantify US climate efforts

G20: Compromise on climate change, but at what cost?




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement