Inuvik liquor store to open on Sundays for the summer
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Global News
a minute ago
- Global News
Canada's trade with U.S. still ‘quite weak' despite June rise: economists
New data shows there was an increase in Canadian exports to its southern neighbour in June even amid ongoing U.S. tariffs, but economists say one month is too soon to say trade is rising with the Americans. The data, released Tuesday, shows exports to the U.S. increased 3.1 per cent in June after four consecutive months of decreases. Statistics Canada notes, however, exports were still down 12.5 per cent compared to June 2024. BMO economist Shelly Kaushik said in an interview that trade data can be volatile on a monthly basis. 'The data is also very highly susceptible to revision. That's something to keep in mind in general, but also especially when there are so many announcements in a lot of swings, we see things like tariff frontrunning impacting the data a lot on a monthly basis,' she said. Story continues below advertisement But it's not just products being sent to the U.S. that is on the rise. Imports from the U.S. were up 2.6 per cent in June — the first increase after three consecutive monthly decreases. According to Statistics Canada, the increase in imports was in large part due to the import of a module for an offshore oil project. As a result of exports rising more than imports, Canada's trade surplus with the U.S. rose from $3.6 billion in May to $3.9 billion in June. Kaushik said as April and May were fairly 'depressed' in reaction to the tariffs, so while June may have seen an increase it doesn't mean it's a substantial change. 5:35 Trump's Tariffs: Can an agreement still be reached? 'Increasing just a little bit from very, very weak levels still implies quite weak,' she said. Story continues below advertisement Canada continues to face a range of tariffs from the U.S. amid President Donald Trump's ongoing trade war. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The U.S. has imposed a 50 per cent tariff on steel and aluminum imports from Canada, as well as 25 per cent duties on the automobile industry and certain copper products. Last Friday, the U.S. also placed a 35 per cent tariff on Canadian goods on Friday, though the White House confirmed products under the Canada-United States-Mexico agreement (CUSMA) would remain exempt from the higher tariff. The White House added that goods transshipped through other countries to avoid the 35 per cent tariff will instead be charged a tariff of 40 per cent. 7:25 Trump tariffs could be less painful than expected, expert says RBC assistant chief economist Nathan Janzen said that exemption is more important than an increase in trade. Story continues below advertisement 'I think the good news there is that most of our exports to the United States still have been able to access that market it appears duty-free through an exemption from duties for products that are compliant with the USMCA (CUSMA) trade agreement,' he said. Janzen said the U.S. census bureau found 92 per cent of Canadian exports to the U.S. crossed the border duty-free in June — an increase from 91 per cent in May and 89 per cent in April. Janzen, in a report published Tuesday, also noted the average effective tariff rate on imports from Canada remains one of the lowest on trading partners at 2.4 per cent. By comparison, the average U.S. rate on all imports was 8.9 per cent. However, he cautioned that rate will rise due to the newly-imposed 35 per cent tariff yet adds the increase will still only apply to a 'relatively small share' of non-CUSMA compliant exports. What could impact Canada on a wider scale, Janzen said, is how the U.S. import market could be impacted if bigger tariffs are imposed. 'If U.S. tariff hikes were so large globally that it hurts the U.S., particularly the very trade sensitive U.S. industrial sector, then if that happens that obviously has negative spillovers for Canada just because our industrial sector is so closely integrated with that of the United States,' Janzen said. Story continues below advertisement While Statistics Canada noted an increase in trade with the U.S., it also found exports to countries other than the U.S. dropped 4.1 per cent in June, after reaching a record high in May. It noted, however, compared to June 2024 exports to other countries were up 14.7 per cent. Overall, Canada's trade deficit with the world widened to $5.9 billion in June, up from $5.5 billion in May.
National Post
32 minutes ago
- National Post
Butter tarts a Canadian staple with some controversy
There was a time, before the rise of influencer culture made photographing one's meal de rigueur rather than (what some would call) a crass act of narcissism, that food was not fetishized. Article content The TikTokers and culinary writers have changed all that, and now no weekend travel supplement is complete without an appeal to foodies — destinations have become defined as much by what we eat as what we see. Article content Article content Article content As gooey and sticky as its name suggests, the sugary confection has been described by the Canadian Encyclopedia as 'quintessentially Canadian' and a 'real totem for Canadian cuisine,' particularly in Ontario, where tours and bakeries cater to the growing butter tart tourist trade. The New York Times, playing to our modesty, has branded it 'Canada's humble favourite.' Generally consisting of butter, sugar, syrup and egg baked in a small pastry shell with a crunchy top, the butter tart first appeared in recipe form in 1900 in Barrie, Ont., in The Women's Auxiliary of the Royal Victoria Hospital Cookbook. Sweet. And yet, as with life, food is rarely that simple. Article content One theory holds that the butter tart actually began life in the 1660s when 800 young women — the filles du roi, or King's Daughters — were sent from France to help colonize Quebec, bringing with them traditional French recipes that were then adapted to local ingredients. The 'sugar pie' — made with flour, vanilla, cream, butter and salt — eventually gave rise to the butter tart. Article content Its origins have also been linked to the 'border tarts' beloved of Scottish immigrants, while other food historians insist the butter tart derived solely from the culinary genius of 'ordinary people in rural Ontario.' Article content Indeed, Liz Driver, author of Culinary Landmarks: A Bibliography of Canadian Cookbooks, has no truck with talk of imports. 'Why is that we can't just accept that we made something ourselves?' she asked the CBC. Article content 'It's absolutely completely believable that something did sort of rise up out of the grassroots,' she said. Article content Origin controversies aside, the butter tart's place as a national icon was assured in 2019 when Canada Post issued its 'Sweet Canada' series of stamps commemorating five domestic desserts — tarte au sucre, Saskatoon berry pie, the Nanaimo bar, blueberry grunt and the butter tart. Article content Foodie culture has naturally given rise to other arguments; most especially about the recipe. And none is more divisive than the nuts or no-nuts debate. 'Nuts are almost certainly crossing a line,' says the Canadian Encyclopedia. 'At that point you're veering into pecan pie territory, which is considered more American.'
CTV News
32 minutes ago
- CTV News
Jim Redpath, founder of North Bay mining contractor, has died
Jim Redpath is best known for founding J.S. Redpath Ltd., a mining contracting company specializing in shaft sinking based in North Bay, when he was just 26 years old. James (Jim) Stockton Redpath, 88, died Aug. 2 in St. John's, Nfld., after a 'courageous 20-year journey with Parkinson's disease,' his obituary said. Redpath is best known for founding J.S. Redpath Ltd., a mining contracting company specializing in shaft sinking based in North Bay, when he was just 26 years old. It's now known as Redpath Mining Contractors and Engineers. Jim Redpath grew up at a mine site in Val-d'Or, Que, the eldest child of James and Margaret Redpath. 'As a teenager, he worked two formative summers on a small exploration boat in Hudson Bay, an experience that sparked both his enduring work ethic and a deep love of the Canadian North,' his obit said. Redpath earned his degree in mining engineering from McGill University before founding his famous mining contracting company. 'Under his leadership, the company … laid a foundation of technical excellence and integrity, eventually becoming a global leader in mining services,' his obit said. 'He stepped away from the company at age 50, proud of its trajectory and legacy.' 'Under his leadership, the company … laid a foundation of technical excellence and integrity, eventually becoming a global leader in mining services.' — Jim Repath obituary The company started with only four employees in October 1962. When it celebrated its 60th anniversary in 2022, there were more than 6,400 staff around the world, including 200 in North Bay. Five years after he founded J.S. Redpath Ltd., the company secured five major projects. One of the projects, Creighton Mine, No. 9 Shaft, located in Ontario, was the deepest North American shaft at that time. After leaving the mining world, Redpath studied art curation at Sotheby's in New York and went on to lead the Capitol Arts Centre in North Bay for several years, supporting local artists and fostering cultural growth. 'In later years, Jim and his wife Bobbi settled in St. John's … a place he held close to his heart,' his obituary said. 'There, they became deeply involved in the city's vibrant arts community.' Honorary doctorates In recognition of his contributions to industry and the arts, he received honorary doctorates from both McGill University and Nipissing University and served as the first Chancellor of Nipissing in 1994. He was awarded Queen Elizabeth II's Golden and Diamond Jubilee Medals and the Order of Ontario. He is survived by his wife and partner of over 50 years, Bobbi, 'with whom he shared a rich and joyful life,' his obit said. 'He was a loving and supportive father to Carolyn, Lorraine, John and Sarah, and a proud grandfather to five grandchildren. He was predeceased by his siblings, Anne and John. Jim's life was one of vision, reinvention, and quiet philanthropy. He will be deeply missed and lovingly remembered.' A Celebration of Life will be held on Aug. 20 at 4 p.m. at The Rooms in St. John's, Newfoundland. In lieu of flowers, donations may be made to Parkinson Canada or a local arts organization in Jim's memory.
