Start Date: 2025-01-04
End Date: 2025-01-10

Top Headlines

Main Stories

US Softwood Lumber Review Underway

The U.S. Department of Commerce has issued preliminary results for a Changed Circumstances Review regarding the countervailing duty order on certain softwood lumber from Canada. Interfor Sales & Marketing Ltd. and associated entities are determined to be cross-owned, affecting their countervailing duty status. Interested parties have a 10-day window to comment on preliminary findings, with final results due within 270 days of review initiation.

Sources: U.S. Federal Announcements: www.federalregister.gov

St. Lawrence Seaway Tariff of Tolls Updated

The Great Lakes St. Lawrence Seaway Development Corporation has aligned its toll regulations with Canada's St. Lawrence Seaway Management Corporation for the 2025 season. The update affects commercial users and includes specific rates for various cargo types, with incentive programs outlined. The rule is effective as of January 6, 2025.

Sources: U.S. Federal Announcements: www.federalregister.gov

Canadian Merchandise Trade Deficit Narrows

Canada's merchandise exports increased by 2.2% in November, while imports rose by 1.8%, reducing the trade deficit from $544 million in October to $323 million. This trend may influence trade policy discussions amid ongoing tariff threats.

Sources: Open Government Data Set: www.statcan.gc.ca

Notice to Importers of Chicken Products

Global Affairs Canada has issued a Notice to Importers regarding chicken and chicken products, detailing the import controls under the Export and Import Permits Act. The policies include allocation and permit application procedures, with the current access quantity set at 39.9 million kilograms.

Sources: Open Government Data Set: open.canada.ca

Canadian International Trade in Services Data Released

Canada's international trade in services reported a stable deficit of $0.3 billion in November. Exports of services declined slightly by 0.2%, with imports edging down by 0.1%. These figures contribute to the broader economic landscape amid trade tensions.

Sources: Open Government Data Set: www.statcan.gc.ca

Important Updates

Secondary Stories

New Data on Canadian Trade by Transport Mode

Statistics Canada has released data on Canada's trade by mode of transport, providing insights into supply chain efficiencies.

Sources: Open Government Data Set: www.statcan.gc.ca

Potential Retaliatory Tariffs Against US

Ottawa considers early release of US targets for retaliatory tariffs amid escalating trade tensions.

Sources: Canadian News Outlet: www.theglobeandmail.com

Bilateral Trade Data with US Updated

Updated bilateral trade data between Canada and the US is now available, detailing customs and balance of payments basis.

Sources: Open Government Data Set: open.canada.ca

Tariff Rate Quota for Beef and Veal

Quota is available for reallocation under the Beef and Veal Tariff Rate Quota, as per the latest notice from Global Affairs Canada.

Sources: Open Government Data Set: open.canada.ca

Ontario's Strategic Energy Alliance

Ontario outlines its Fortress Am-Can energy plan, aiming to enhance economic growth and energy security with the US.

Sources: Provincial Announcement: news.ontario.ca

Alberta's Response to Federal Emissions Cap

Alberta critiques the federal oil and gas emissions cap, labeling it as an economic hindrance and constitutional issue.

Sources: Provincial Announcement: www.alberta.ca

Provincial Announcements

Alberta Strengthens US Relations

Alberta MLAs engage with US leaders to solidify economic ties through Pacific NorthWest Economic Region visits.

Sources: Provincial Announcement: www.alberta.ca

Alberta Plans to Double Oil Production

Alberta collaborates with Enbridge to increase pipeline capacity, aiming to double crude oil production and enhance exports to the US.

Sources: Provincial Announcement: www.alberta.ca

Public Officials' Social Media

Kody Blois Discusses US Tariffs

MP Kody Blois discusses the impact of US tariffs and Liberal Party leadership on CBC's Power and Politics.

Sources: Social Media: x.com

Laurel Collins Criticizes Trump

MP Laurel Collins calls for retaliatory tariffs against Trump's economic threats to Canada.

Sources: Social Media: x.com

Ryan Williams on Trade Deals

MP Ryan Williams criticizes the government's trade policies, emphasizing the need for economic strength.

Sources: Social Media: x.com

Jagmeet Singh on Retaliatory Tariffs

MP Jagmeet Singh urges a commitment to retaliatory tariffs in response to Trump's economic threats.

Sources: Social Media: x.com

Jonathan Wilkinson Praises Trudeau

MP Jonathan Wilkinson praises PM Trudeau's economic leadership and addresses threats of US tariffs.

Sources: Social Media: x.com

Justin Trudeau on US-Canada Relations

PM Justin Trudeau affirms Canada's independence and benefits of US-Canada trade partnership.

Sources: Social Media: x.com

Julie Dabrusin Advocates Team Canada

MP Julie Dabrusin calls for a united Canadian front in response to new US trade threats.

Sources: Social Media: x.com

Pierre Poilievre on Energy Independence

MP Pierre Poilievre advocates for resource control and reduced reliance on US in trade negotiations.

Sources: Social Media: x.com

Jagmeet Singh on Canadian Sovereignty

MP Jagmeet Singh defends Canadian jobs against US threats, emphasizing national pride.

Sources: Social Media: x.com

What We're Reading This Week

• Doug Ford boosts Ontario’s border security amid Donald Trump tariff threat: Ontario strengthens border security in response to potential US tariffs.
• Tariff Talk Sparks Overnight Volatility! – Economic Data: Economic volatility linked to tariff discussions.
• Ford pitches ambitious energy plan in effort to stave off Trump tariffs: Ontario's energy strategy aims to counter US tariff threats.
• Ontario has 'strong list' to counter possible Trump tariffs: Ford: Ontario prepares measures against potential US tariffs.