Canada’s economy just had its second-best year for jobs since 2007

Canadian employment rebounded in December after two straight monthly declines, capping the second-best year since the recession and supporting the Bank of Canada’s view that the bottom isn’t coming out of the labour market. Canada’s economy created 35,200 jobs in December, Statistics Canada said Friday in Ottawa. That brings the total number of jobs added to 320,300 this year, the second-most since 2007. The unemployment rate ticked down in the month to 5.6 per cent, from 5.9 per cent in November, and wage gains decelerated to a still healthy 3.8…

Trump says he will sign phase-one trade deal with China on Jan. 15

U.S. President Donald Trump said he will sign the first phase of a trade deal with China on Jan. 15, sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. “The ceremony will take place at the White House,” he said on his Twitter account Tuesday, adding he will be going to Beijing, where talks will begin on the second phase of the deal. I will be signing our very large and comprehensive Phase One Trade…

Boris Johnson’s Brexit defeat in Parliament risks financial disruption

Boris Johnson is under pressure to ask the European Union to postpone Brexit after Parliament refused to approve the deal the prime minister negotiated. At a rare Saturday sitting, members of parliament voted to delay a decision on the agreement Johnson reached in Brussels this week until he has got the legislation that enacts it through parliament. That leaves Johnson obliged by law to send a letter to Brussels requesting that Britain’s departure be delayed until Jan. 31. Speaking after the vote, Johnson said that he will not negotiate a…

Historic impeachment inquiry a new twist for Trump’s long, winding path to new NAFTA

A big advantage of President Donald Trump’s pursuit of bilateral trade negotiations like his limited agreement this week with Japan is that it largely avoids the need to run those deals through Washington’s legislative gauntlet. But Trump’s signature trade accomplishment so far — the U.S.-Mexico-Canada Agreement — is an exception that requires congressional approval. And suddenly, it risks being sucked into the maelstrom of an historic impeachment inquiry. U.S. Trade Representative Robert Lighthizer said Wednesday he remains confident that the fundamentals of the new NAFTA deal are sufficient to rise above…

Trudeau taps ex-McKinsey executive Dominic Barton as ambassador to China

Justin Trudeau is turning to the former global head of McKinsey & Co. Inc. to help resolve a festering diplomatic dispute with China. The Canadian prime minister named Dominic Barton as his ambassador to Beijing on Wednesday. The key post had been vacant since the beginning of the year, when the previous envoy was forced to resign after making controversial statements about the extradition case of a top Chinese executive. In addition to his role with McKinsey, Barton previously led the Trudeau government’s advisory panel on economic growth and took…