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Canada returns to trade deficit position in March as imports surge 05/04/2021 | 09:50am EDT Send by mail : Message : Required fields OTTAWA (Reuters) -Canadas trade balance shifted back to a deficit in March following two consecutive months of surplus as imports jumped significantly while exports edged up slightly, Statistics Canada said on Tuesday. Canadas trade deficit with the world was C$1.1 billion ($892.21 million) in March. Analysts polled by Reuters had predicted a surplus of C$700 mil...

OVER 134 MILLION IN SUPPLEMENTARY ESTIMATES APPROVED BY PARLIAMENT Over 134 million dollars have been spent in supplementary estimates from July 1 st to June 30 th 2020 by the Government of Dominica. these funds, totaling $134,840,142.20, represents advances made from the contingency fund for the mentioned period. Seven percent or $8,940,782 was met through grant funding, 92 percent or $123,899,360 was funded by local resources, while 1 percent or 2 million dollars was financed by loan ...

Article content OTTAWA — Fees paid by the federal government to third-party consultants have ballooned since the Liberals took office in 2015, with expenditures for engineering, legal and other services rising $6 billion in six years. Costs for “professional and special services” increased to $16.4 billion in 2019-20, up from $9.5 billion when the Liberal government took office — the highest level of spending since at least the 1990s, according to public data. At the same time, the cost...

(Adds economist comments) OTTAWA, April 7 (Reuters) - Canada’s trade surplus with the world narrowed in February to C$1.04 billion ($824 million) as a global shortage of semiconductor chips hit both imports and exports, Statistics Canada said on Wednesday. Analysts polled by Reuters had predicted a surplus of C$1.00 billion after a revised C$1.21 billion surplus in January. It was the first time since late 2016 that the trade balance was in surplus for two consecutive months, Statscan said. E...

Chinedu Eze Former owners of Nigeria’s major carrier, Arik Air, have taken issue with Asset Management Corporation of Nigeria (AMCON) over the circumstances that led to the takeover of the airline on February 9, 2017. The Vice-Chairman of the former management of the airline, Senator Anietie Okon, told THISDAY in an exclusive interview that the airline was in full operation with 69 scheduled flights on the day it was taken over. He was reacting to the claim by AMCON that the airline’s...

Article content Winner: Red ink The 2021-22 provincial budget drives the final nail into the coffin for the Sask. Party’s 2020 election promise to balance the provincial budget by 2024. Finance Minister Donna Harpauer had telegraphed in early March that the balanced-budget pledge was in doubt, pointing to the economic ravages of the COVID-19 pandemic. This year’s budget includes a $2.6-billion deficit, which is significantly higher than the $1.7-billion projected at election time. The Sask....

As a Nigerian interested in investing or making money, names like Aliko Dangote, Femi Otedola, Mike Adenuga, Tony Elumelu, Jim Ovia, Rabiu Abdulsalam etc., come to mind as aspirational role models. These men have all made billions of naira investing in companies listed on the Nigerian Stock Exchange either as founders or strategic investors.   However, there are many other lesser-known investors in companies listed on the Nigerian Stock Exchange who are worth billions (in naira). These inve...

Share this article Share this article TORONTO, April 1, 2021 /CNW/ - To help Canadian businesses compete on a global scale, BMO Business Banking clients can now take advantage of the Trade Expansion Lending Program (TELP). The program is offered in collaboration with Export Development Canada (EDC). The Trade Expansion Lending Program is designed to help export-oriented, small and medium-sized businesses more quickly access working capital to expand outside of Canada. Eligible companies include...

Qatar Airways Cargo, QDB join hands to support Qatari exports  12 Mar 2021 - 11:18 The Peninsula Qatar Airways Cargo and Qatar Development Bank (QDB) have joined hands to support local manufacturers in Qatar. The cargo carrier is offering discounted rates to local Qatari manufacturers who are current QDB clients and hold a certificate of origin for their products, to export to international markets. The products under this partnership cover all types of general goods that are manufactured wi...

QAC and QDB join hands Qatar Airways Cargo and Qatar Development Bank have joined hands to support local manufacturers in the State of Qatar. The cargo carrier is offering discounted rates to local Qatari manufacturers who are current QDB clients and hold a certificate of origin for their products, to export to international markets. The products under this partnership cover all types of general goods that are manufactured within the State of Qatar, while dangerous goods are excluded fro...