March 09, 2016

The consequences of Justin Trudeau’s Chinese trade decision

March 09, 2016/ Sarah Reid

Prime Minister Justin Trudeau faces a tough decision on Canada’s relationship with China: Will Ottawa agree to Beijing’s demand that Canada stop treating China as a “non-market” economy under the World Trade Organization?

The stakes are high. Refusing the Chinese would likely end the chances of a far-reaching trade deal with Canada’s second-biggest trading partner. A recent report puts the value of a Chinese trade deal at $7.8 billion in new economic activity for Canada. But experts say China will come to the table only if Canada first grants it market economy status.

March 01, 2016

App aimed at easing border congestion takes top prize at Canada-U.S. hackathon

March 01, 2016/ Sarah Reid

A two-member team of young professionals from Chicago has a new idea for unclogging the Canada-U.S. border: an app for importers and exporters based on the popular TurboTax program that many taxpayers use to fill out their annual tax forms.

The Chicago team, called TradeSherpa and made up of Steve Martinez and Price Shoemaker, emerged this past weekend as the winner of a two-day “hackathon” sponsored by the U.S. Department of Homeland Security and Global Affairs Canada, at which 23 teams were challenged to produce the most useful app for cross-border trade.

February 10, 2016

How the Windstream Energy case affects Canada’s trade future

February 10, 2016/ Sarah Reid

If a U.S. wind-power company has its way, the federal government could end up footing the bill for part of a costly and controversial Ontario energy initiative. The case could renew the conversation around international business conflicts at a time when two major trade pacts are awaiting ratification in Canada.

Windstream Energy, based in New York state, won a contract in 2010 to build 100 offshore wind turbines near Kingston. But less than a year later, the Ontario government halted all offshore wind-power development, claiming it needed more time to study the potential risks of such projects.

The company says the provincial government acted in “an arbitrary and political manner.” Rather than pursuing its case with the province however, Windstream is demanding $475 million from the federal government under a provision of the North American Free Trade Agreement that allows companies to sue Canada over government measures that interfere with investments.

January 20, 2016

How the TPP opens new markets for Ontario wine

January 20, 2016/ Sarah Reid

When Canada and the U.S. agreed to a landmark free trade deal nearly 30 years ago, John Neufeld worried that his 73-hectare vineyard was doomed. At the time, the farm supplied grapes to nearby wineries, which had little faith that their products could compete against better-known — and superior — California wines.

“The information we had at that time was that California, with the reduction [in tariffs], would just come in and take over the Ontario marketplace,” Neufeld recalls. He was so worried that he ripped out all of his vines in the late 1980s. For several years, the farm grew only peaches and other tree fruits.

He was so wrong. Not only does he grow grapes again, but his vineyard, now named Palatine Hills Estates Winery, won many awards for his own vintages.

December 11, 2015

Canadian companies have a big new ally in the fight against cyber crime

December 11, 2015/ Sarah Reid

Businesses in Canada will soon have a new network to guard against cyber crime, which is costing them more than $3 billion a year.

Nine major Canadian companies, including the big telcos and some of the Big Five banks, along with the Canadian Council of Chief Executives on Friday announced they are forming the Canadian Cyber Threat Exchange (CCTX), a non-profit organization that will allow firms to share information amongst themselves, government and research institutes about cyber attacks.

December 06, 2015

How the TPP could cripple Big Syrup

December 06, 2015/ Sarah Reid

WHEN DAVID AND LUCY MARVIN started Butternut Mountain Farm in the mid-1970s, they wanted to try the road less taken. So David, a trained forester, turned to maple sugaring. “It was pretty unusual at the time,” says his daughter, Emma.

The season in Johnson, Vt., for harvesting sap only lasts a brief six weeks every spring. But that narrow margin for error belies a long-term nature of the investment: Red maple and sugar maple trees have to be about 40 years old before their sap can be harvested for the first time. They can then continue to be tapped for the rest of their lives, sometimes a couple of centuries.

Butternut Mountain is now one of the largest producers and distributors of syrup in the country, with 17,000 taps spread over 1,200 acres, a 75,000-square-foot processing and distribution facility, and 90 full-time employees.

Today, business for the Marvins and their fellow American syrup producers is poised to boom, thanks not just to the technological revolution in the age-old art of sugaring but because of a free trade deal on the other side of the world.

November 03, 2015

How TPP could make things sticky for Quebec’s maple syrup producers

November 03, 2015/ Sarah Reid

Sugaring season is still several months off yet, but American maple syrup producer Emma Marvin is already thinking about selling her syrup into the Pacific. “Japan and South Korea certainly offer really interesting markets,” she said. “There is considerable opportunity there.”

Marvin is a second-generation owner of Butternut Mountain Farm, one of the largest producers and distributors of maple syrup in Vermont. Her business is just one example of an American firm that stands to gain under the recently announced Trans-Pacific Partnership (TPP), the trade agreement among 12 countries that surround the Pacific, including Canada and the United States, which is currently awaiting ratification.

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