Federal Budget 2021: An ambitious plan to bring record deficit down 680news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 680news.com Daily Mail and Mail on Sunday newspapers.
Biden Continues America First, Shuts Out Canada
Despite warmth and goodwill between the Trudeau government and the Biden administration, experts say improved diplomacy is unlikely to mean more economic opportunity for Canada.
Prime Minister Justin Trudeau and U.S. President Joe Biden issued a Roadmap for a Renewed U.S.-Canada Partnership following their videoconference meeting on Feb. 23. They announced their shared priority to end the COVID-19 pandemic, accelerate the economic recovery of small and medium-sized businesses, and strengthen “supply chain security” between the two countries.
However, so far the Biden administration has been less than accommodating. On his first day in office, Biden revoked the permit for the 1,947-kilometre Keystone XL pipeline, which would have carried 830,000 barrels of crude oil daily between Hardisty, Alberta, and Steele City, Nebraska. Later in January he announced new Buy American provisions for federal procurement. And on March 1, White Ho
TORONTO After a tumultuous 2020, those with their eyes on the Canadian and global economies can expect improvements in 2021, according to one expert. I actually think the economy is going to do very well in 2021, Ian Lee, an associate professor at Carleton University s Sprott School of Business, told CTV News Channel on Friday. Not spectacularly, but much better than in 2020. Lee attributes this in part to Canadians saving rate in 2020, which he said has gone through the roof. Lockdown measures to prevent the spread of COVID-19 meant that those with disposable income had less to spend it on. Statistics Canada reports that after the first quarter of 2020, Canadians saved an average of 7.6 per cent of disposable income, up from 2.3 per cent in the first quarter of 2019.