The Monitor, a product of Connect2Canada

Voices

"Canada is a vitally important ally. The president looks forward to the opportunity to speak with Prime Minister Harper and visit our neighbor to the north."

-
Robert Gibbs, White House spokesman, on U.S. President Barack Obama's visit Canada on Feb. 19, his first official trip abroad. Read more from CBC News.

Perspectives: President Obama to Visit Canada

President Obama

Visit to Canada by President Obama offers unique opportunity

Canadian Council of Chief Executives
January 14, 2009

 
Prime Minister Stephen Harper and other Canadian leaders should seize the opportunity to re-shape the Canada-United States relationship when President Obama visits Canada following the inauguration, says Thomas d'Aquino, Chief Executive and President of the Canadian Council of Chief Executives. 

Obama and Canada: how long will the love affair last?  

The Conference Board of Canada
January 7, 2009

Glen Hodgson of the Conference Board of Canada predicts that three issues will prove crucial in determining the nature of Canada-United States relations once president-elect Obama takes office.

Can Barack Obama save Canada?

The Toronto Star
January 16, 2009

While the new Canadian budget is intended to spur economic growth, the revival of Canada's struggling economy will in the end hinge less on what the Conservatives do here than on the new U. S. president's recovery plan.

Obama manager delivers reassuring message to Canadians

Toronto Star
January 13, 2009


Speaking to the Economic Club of Canada, who represent the crème de la crème of the country's business community, David Plouffe, the mastermind behind the new President’s campaign, took a soft line on fears that Obama would shred the North American Free Trade Agreement with Canada, or boycott Alberta's massive oil sands project.

In The News

New Canadian budget announced

Reuters
January 29, 2009

The government of Canada predicted budget deficits totaling C$85 billion (US$69 billion) over five years - the result of a recession and a C$40 billion two-year stimulus package packed with infrastructure spending, tax cuts and targeted loans. Ottawa says the spending plan will boost gross domestic product by 1.4% this year and create 190,000 jobs by 2011.

Canada's 2009 Economic Action Plan can be viewed here

Canadian budget measures may spark bank lending

Bloomberg
January 28, 2009

Canadian banks may boost lending after the federal government agreed to increase its mortgage purchases by C$50 billion ($40.8 billion) and pledged to buy securities backed by car leases, analysts say.

Forest industry happy with aid package that supports new products

Vancouver Sun
January 28, 2009

$170 million in aid to Canada's faltering forest industry was welcomed by the sector, which has been plagued by low prices and continuing rounds of layoffs since the collapse of the U.S. housing market in 2006. Analysts say the support delicately avoids any moves that might have sparked retaliation from the U.S. on softwood agreement.


Riding the oil market, Calgary builds up


The New York Times
January 20, 2009

When the Bow, an office tower under construction in downtown Calgary, is completed in 2011, the 58-story building will be the tallest structure in Canada west of Toronto. Prompted by a rise in oil prices in recent years as well as expanded production from Alberta's enormous oil sands reserves, the office boom in Calgary reflects this city's growing attention to bold architecture and environmentally friendly construction. 

Innovation

Sibling success

The notion that time is of the essence is particularly meaningful to Ameer and Ahmed Taha. The Toronto-based brothers have come up with a device that could revolutionize the time and money spent by the pharmaceutical, environmental and food industries on extracting samples from drugs, foods and contaminated soils.

Publications

Getting Canada on President Obama's agenda 
The Fraser Institute

“Canadians have expressed their support for President-elect Obama based on ideological and other factors. However, they need to realize that Obama’s policies conflict with Canada’s immediate interests on many key bilateral issues.”

Canada's Macrofinancial Environment
The Bank of Canada's Financial System Review

The Bank of Canada's Financial System Review assesses how macroeconomic developments over the past six months have affected financial stability. It provides an analysis of trends and issues in financial markets before focusing on the balance sheets of Canadian businesses and households, then concluding with a discussion of the implications for Canadian financial institutions.  

Blog

Discovery.org

“Overall, U.S.-Canadian relations are good on most topics and it would be wise for a new president to show that he wants to keep them that way. But there also are worrisome issues we share--and some differences between the two countries--that pose further reasons for close consultations now.”

-Bruce Chapman, Founder and Director, Discovery Institute

January 2009

Multimedia

Makers of BlackBerry hiring during tough economic times 

An Interview with Don Morrison, COO of Canadian Company Research in Motion, explains why the wireless device developer is not afraid to recruit.

podcast
Canada and President Obama's policy

Paul Cellucci, former US Ambassador to Canada, and Anne Golden, President and CEO of The Conference Board of Canada, discuss economic issues facing both countries under the Obama administration.

People

Paul Heinbecker

Paul Heinbecker, former Canadian Ambassador to the United Nations, foreign policy adviser to Brian Mulroney and Canada's lead negotiator for the Kyoto accords, offers his insights on what an Obama presidency might mean for Canada. Read the interview here.

State Trade Fact Sheet

New York: The Empire State

State Trade Fact Sheets
The dominant New York–Canada trade relationship continued its upward ascent in 2007 with $39.2 billion in bilateral exchange — a growth rate of almost 10% from the previous year. The state exported $13.1 billion in merchandise to its northern NAFTA partner and imported $26.1 billion worth. In fact Canada, the state’s most valuable international destination, purchased nearly one-fifth of New York’s foreign-bound goods.


The Monitor

The Monitor is a concise and insightful look at the U.S.-Canada business and economic relationship. This collection of news articles, scholarship and thoughts from leading economists, journalists, academics and members of the business community is meant to provide you with an overview of the various perspectives on the dynamic and interconnected nature of the U.S.-Canada economic relationship. Each month we focus on a core subject of importance to both economies; this month features a spotlight on newly elected President Barack Obama and his visit to Canada on February 19, 2009.

We welcome your feedback and hope to highlight some of your comments each month. Write to us and tell us what you think at: connect2canada@
canadianembassy.org


Regards,
The Monitor Staff

The articles appearing in this newsletter have been collected from various Canadian and American sources and reflect the opinions the original authors. Articles appear in the language in which they were published.

We encourage your feedback and hope to highlight some of your comments each month. The Monitor reserves the right to edit comments for length and content.

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