- “Granddaddy” Canada-U.S. Softwood Lumber Dispute May Come Back. The Financial Post’s Drew Hasselback reports on the lurching 2-year deadline for Canada and the United States to extend their 2006 softwood lumber trade deal. Read a nice summary of the 2006 deal here, and for the full agreement click here. And for some good background on this recurring dispute, check out Jeff Colgan’s academic article.
- Canada and U.S. Still Negotiating On Enhancing Free Trade into Agriculture. The Canadian Press offers an excellent article by Alexander Penetta on how Canada and America’s diplomatic approaches to deepening their trade agreements. The article does a good job of placing the Canada-U.S. trade relationship into each country’s domestic politics and other international trade objectives. Key highlight:
“We believe the president has to seek trade promotion authority,” [Canada’s U.S. Ambassador Gary] Doer said. “We’re having positive discussions now. But you can’t have a situation where a country like Canada can come to an agreement with 12 countries, including the United States, that they can bring back to (Capitol) Hill and it can be amended.”
- NAFTA Freight Has increased 4.4% Year-to-Year, Exceeds $100 Billion for 6th Consecutive Month. Updates like this emphasize the importance of NAFTA, and how small efficiencies in border trade can yield consequential returns. Freight–or bulk goods trade between Canada, Mexico, and the United States–are growing, and trucks are carrying three-fifths of those goods. (Source: Today’s Trucking)
- Canada-U.S. Trade Summit. If you missed news from this year’s City & State hosted Canada-New York trade summit, learn about the summit here. The Canada-New York trade relationship spans $32 billion, and City & State offers a nice write-up of the event here by Chris Thompson.
- Quebec-New York Champlain Hudson Power Exchange hydropower project Is Moving Forward. Mike De Souza reports for Reuters on progress made in creating a new 330-mile power line that would deliver 1,000 megawatts of Quebec hydropower to New York. The project’s estimated cost: $2.2 billion. Learn more about the project in this excellent August 2014 U.S. Department of Energy report.