Economy

Biden economic adviser says job growth goal of infrastructure plan – TheChronicleHerald.ca

Published

4 years ago

April 4, 2021

WASHINGTON (Reuters) – President Joe Biden’s top economic adviser said on Sunday that the goal of the administration’s infrastructure proposal is investment that will foster job growth in both the short- and long-term.

“What our plan says is, ‘let’s keep the economy going, let’s see more job creation’ – that’s a really good thing for the economy,” White House economic adviser Brian Deese said on “Fox News Sunday.”

“But let’s also think for the longer term, about where those investments that we can make that will really drive, not just more job growth but better job growth, not just job growth in the short term but job growth for long term, by investing in our infrastructure, by investing in our research and development, in a way that we haven’t since the 1960s,” he said.

(Reporting by Doina Chiacu; Editing by Bill Berkrot)

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Economy

September merchandise trade deficit narrows to $1.3 billion: Statistics Canada

Published

8 hours ago

November 5, 2024

Anne Joseph

OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.

The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.

Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.

Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.

Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.

In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.

This report by The Canadian Press was first published Nov. 5, 2024.

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