Hard Numbers: Bombardier blasts Ottawa, Freight flows fall, Canada-Taiwan trade pact framed, Titanic racket rocks Kiwis

October 26, 2023

Eric Martel, President and CEO of Bombardier

REUTERS/Mike Blake

10 billion: The Canadian government is ready to spend as much as CA$10 billion on new surveillance aircraft, and it looks like the contract will be awarded to Seattle-based Boeing. Canada’s Bombardier is furious. The CEO says the bidding process was flawed and that their US rivals are getting the nod based on “flawed and invalid information.”

4: Total cross-border freight shipments between the US and Canada fell 4% in annual terms in August 2023, according to newly released data. The drop was part of a broader slowdown in North American trade — freight flows between the US, Mexico, and Canada fell 1.7% over the same time period.

70: Canada and Taiwan have hashed out a free trade and investment pact that they hope to have in place in the coming months. Taiwan hopes the agreement, which comprises more than 70 provisions, will help its bid to join the CPTPP, a major transpacific trade grouping that Canada will chair in 2024. The Canada-Taiwan pact is sure to strain already-fraught Canada-China ties, as Beijing does not recognize the sovereignty of Taiwan.

10: If ever you doubt the reach of Canada’s soft power, know that there’s a place in the world where people mount 10 emergency sirens on their cars for the purpose of blaring songs by French-Canadian superstar Celine Dion louder than other cars fitted with sirens for the same purpose. This occurs regularly at 2 a.m. (yes, A.M.) in the town of Porirua, New Zealand. Local residents and officials have tried to stop these “siren battles,” but like Dion’s heart, they go on

.

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Amid high tariffs, a flurry of new trade agreements, and a right-wing populist surge, America is rewriting the rules of the global economy and retreating from its role as champion of free trade. CNN’s Fareed Zakaria discusses the future of globalization on GZERO World.

As the Trump administration imposes record tariffs and renegotiates trade agreements, is America abandoning its role as global trade leader? CNN’s Fareed Zakaria joins the GZERO World Podcast.

US tariffs are creating economic chaos and driving uncertainty all over the world. On Ian Explains, Ian Bremmer breaks down how the global trade map is already starting to shift as allies go around the US to negotiate trade alliances of their own.

Fifty years ago, leaders from 35 countries – including rivals from both sides of the Iron Curtain – gathered in the Finnish capital of Helsinki to attend the first Conference on Security and Co-operation in Europe (CSCE).

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US President Donald Trump slapped new tariffs on 92 countries, including key allies. Canada, the US’s number two trade partner, was hit with a 35% rate.

Think you know what's going on around the world? Here's your chance to prove it.

Next year’s race for North Carolina’s open Senate seat is predicted to be the most expensive in US election history. Winning it might not be enough for Democrats to flip the upper chamber, but it would put them in a much stronger position going into 2028.