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Hard Numbers: Bombardier blasts Ottawa, Freight flows fall, Canada-Taiwan trade pact framed, Titanic racket rocks Kiwis
Eric Martel, President and CEO of Bombardier
REUTERS/Mike Blake
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.
With close ties to both the US and China, can Singapore survive in an increasingly fragmented and chaotic world? Singapore’s President Tharman Shanmugaratnam joins Ian Bremmer on the GZERO World Podcast.
Think you know what's going on around the world? Here's your chance to prove it.
This week, Prime Minister Keir Starmer became the first UK leader to visit China in eight years. His goal was clear: build closer trade ties with Beijing.