Exporting & Importing
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80 per cent of warehousing jobs at risk from automation, says Citigroup
According to a new report by Citigroup’s research wing, increasing e-Commerce demand is fueling the need to automate warehouse and shipping processes
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Hyundai’s China plant halts production for second time amid diplomatic tensions
The latest shutdown is part of Hyundai’s ongoing woes in China, where its car sales were nearly halved after Beijing expressed anger to Seoul over its decision to install a THAAD anti-missile system
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Pesticide-tainted eggs now found in 40 countries
Two directors of a Dutch company have been arrested as officials allege the company illegally mixed the pesticide Fipronil into spray used to treat lice on chickens
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Crushing Bombardier is more important to Boeing than Canadian fighter jet sale
Marc Allen, president of Boeing’s international division, said “…the effort to enforce our interests in an even playing field in aerospace is a very large interest.” Allen added that the dispute could drag into 2018
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Spoiling for a fight: combative mood in Mexico for Round 2 of NAFTA talks
Trump’s whipping boy seems prepared to whip back. Mexico has declared a red line if the U.S. president starts to pull out of NAFTA, but with a whopping 95 per cent of Mexicans disapproving of Trump, critics want more
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U.S. jobs growth slows as economy appears less than vigorous
The unemployment rate ticked up from 4.3 per cent to 4.4 per cent, and job growth in June and July was revised down by a combined 41,000; pace of economic growth stays relatively steady
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Canada posts best start since 2002 as Q2 growth surged to 4.5 per cent
Exports expanded 2.3 per cent from April to June, up from 0.4 per cent in the first three months of the year; goods and services rose 2.3 per cent, while the export of energy products increased 9.2 per cent.
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B.C. granted intervener status in Trans Mountain legal battle
The court ruling comes as The National Energy Board says the Trans Mountain pipeline project has met conditions required for the expansion of its Westridge Marine Terminal in Burnaby, B.C.
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Mexico vows to walk away if Trump keeps threatening to kill NAFTA
“We do not believe it would be the correct path or a viable path, describing the agreement as terminated right as we’re in the process of renegotiation,” said Mexican Foreign Minister Luis Videgaray. The Canadian reaction was more balanced
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Key Republicans side with Bombardier as decision looms on CSeries duties
The GOP congressmen sent a letter urging a “responsible solution” to the trade action launched by Boeing, noting that over the past five years Bombardier has generated US$14 billion in economic spin-offs with U.S. suppliers