Voice of America: Trump Says He’s Committed to New ‘Fair’ Trade Pact With Canada, Mexico. The White House says that President Donald Trump, in a phone call with Canadian Prime Minister Justin Trudeau, has emphasized his commitment to a free trade agreement among the U.S., Canada and Mexico that is “fair to all three countries.” The two leaders talked Monday in the midst of ongoing negotiations in Mexico City over revamping the 1994 North American Free Trade Agreement and days after Trump said he plans to impose a 25 percent tariff on steel imports and 10 percent on aluminum, both of which would hit Canada, a big exporter of the metals to the United States.
Reuters: Mattress to motor coach stocks in favor as Canada investors steel for trade wars. Canadian fund managers are crunching numbers to trade-proof their portfolios, as the threat of U.S. tariffs boosts the appeal of domestic-focused names and shares of companies that have production capacity in the United States. The prospect of a trade war has rattled global financial markets, including the shares of Canada’s many export-driven companies such as those in the auto-parts, railroad and resource industries. Canada’s benchmark share index .GSPTSE has dropped 4 percent this year, compared with a 0.5 percent gain for the MSCI World Index .WORLD.
Newsweek: Canadian companies could be forced to list salaries in job postings in bid to close gender pay gap. A Canadian province has introduced new legislation aimed at closing the wage gap between women and men. If passed, Ontario’s “pay transparency” bill will force companies to include a salary rate or range on any publicly advertised job posting. It would also ban employers from asking candidates about past compensation and bar companies from punishing employees for discussing how much they are paid. The new measures would also force large-scale employers to report any gaps in compensation to the province.
El Economista-Mexico: Trump puts conditions on Mexico and Canada to exempt the tariffs on steel and aluminum. US President Donald Trump suggested on Monday that Canada and Mexico could be exempted from tariffs on steel and aluminum imports if they sign a new NAFTA agreement and take other measures. “We have huge trade deficits with Mexico and Canada. “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed,” the US president wrote as usual on Twitter.
Les Echos: Steel Taxes: Trump blackmails Canada and Mexico. To avoid the new steel and aluminum taxes, Washington’s two trading partners will have to renegotiate a more favorable to the US NAFTA agreement. It’s a bit of the diplomatic-economic “game” that Donald Trump proposed on Monday, on the hot topic of rising tariffs on steel and aluminum imports. In a tweet, the White House tenant suggested that Ottawa and Mexico City could avoid Washington’s new taxes but only if they agree to renegotiate NAFT in terms more favorable to the United States.
Japan Times: Abe discusses U.S. tariff plan with Australian and Canadian leaders. Prime Minister Shinzo Abe exchanged views on Tuesday with his Australian and Canadian counterparts about U.S. President Donald Trump’s announcement of a plan to impose steep tariffs on imports of steel and aluminum. According to the Japanese Foreign Ministry, Abe discussed the U.S. plan in separate telephone calls with Australian Prime Minister Malcolm Turnbull and Canadian Prime Minister Justin Trudeau, affirming with both leaders that they will keep in close contact on the matter. Trump announced last week that his administration will place tariffs of 25 percent on steel imports and 10 percent on aluminum imports in the name of national security.
Russia Today: No deal, no steel: US trade envoy threatens to sink NAFTA. President Donald Trump’s chief trade negotiator has threatened to scupper the free trade deal with Canada and Mexico if no changes are made. US Trade Representative Robert Lighthizer said bilateral accords could replace it. On Monday, Lighthizer warned that time was running “very short” for the talks in Mexico City to finalize changes to the 1994 North American Free Trade Agreement (NAFTA). “We would prefer a three-way tripartite agreement,” he said, but: “If that proves impossible, we are prepared to move on a bilateral basis.” The Washington envoy held out exemptions from the looming tariffs of 25 percent on imported steel and 10 percent imported aluminum, which are set to be formally announced this week, as an incentive for the two neighboring countries to agree on a new deal.
Maan News-Palestine: Canadian parliamentarians to visit Palestine. A fundraising event was organized by the Palestinian community in Canada to finance a visit for a number of Canadian parliamentarians to Palestine end of March. The event was attended by MP Marwan Tabbara, Chair of the Canada-Palestine Parliamentary Friendship Group (CPPFG), along with other parliamentarians including Fayçal El-Khoury, Chandra Arya, Robert-Falcon Ouellette, and Bill Casey, as well as the President of the Arab Canadian Federation, Nour El Kadri. During the event, the Chief Representative of The Palestinian General Delegation in Canada, Nabil Maarouf, announced that preparations for the visit are now complete, but declined to announce the final number of visiting parliamentarians as it’s expected to increase. On his part, the President of the Association of Palestinian Arab Canadians (APAC), Jamal Hamed, thanked community members and parliamentarians alike for taking action and for their willingness to discover the facts on ground. The delegation will be visiting a number of Palestinian cities, refugee camps, and Canadian projects, and will be meeting with Palestinian officials, Arab members of the Knesset, and Israeli human rights organizations.
Algeria Press Service: Canada to cooperate with Algeria to boost exports. In his remarks during the ‘Algerian-Canadian Forum: Business, Partnership, Export’, Mustapha Ouyed, President of the Council for Development Canada-Algeria (CDCA), announced the plans of the Council, in cooperation with the Algerian National Agency for Promotion of Trade (ALGEX) and the Forum of Chiefs of Enterprises (FCE), to create a program aimed at boosting the exports sector in Algeria. The program, supported by the ministries of trade and foreign affairs and international financing organizations, will provide technical assistance, consulting services, and training to trade associations and small-medium-enterprises seeking export opportunities in Canada and other international markets. Ouyed invited national and international financiers in both Algeria and Canada to support the program’s proponents. On his part, the Vice Chairman of the FCE, Brahim Benabdeslem, said that although Algeria is one of Canada’s most important partners in the Middle East & North Africa region, there still exists a margin for improvement in economic cooperation. He added that sectors such as agriculture & agri-tech, information & communications, energy & manufacturing, and tourism all have become central to the Algerian economy, and that local institutions look forward to partnering with their Canadian counterparts towards their advancement.
Rue 20-Morocco: Canadian CGI establishes third centre in Morocco. CGI, the Canadian information and telecommunications technology giant, has inaugurated its third Centre of Excellence in Fès Shore, the free economic zone in Fez, Morocco. The new centre currently employees 100 workers, adding to the 950 workers employed at the two other centres in Rabat and Casablanca. CGI intends to further hire 250 technicians in Fez by 2019, and 400 IT engineers nationally by 2018. The Canadian Ambassador to Morocco, Nathalie Dubé, said that the establishment of CGI’s third centre adds another pillar to the Canada-Morocco relations, and that despite the strong existing relations between the two countries, the full potential for trade exchange is not yet fully realized. Dubé noted that Morocco can very well be the vehicle for Canadian companies doing business with Europe and Africa, and Canada, on the other hand, can be Morocco’s gate to North America.