Canada Sees Trade Deficit in March
Canada saw its largest trade deficit in nine months last March with a trade deficit of $2.28 billion. Total exports feel 5.3% whereas economists expected a trade surplus of $1.5 billion. (I guess the business for forecasting is still not an accurate thing.)
US Government Procurement Stats
There’s good news and bad news for small businesses that look to become vendors of the US Government:
The good news: the value of contracts doled out to small businesses increased to US$178.6 billion (approx. 10%) in 2023.
The bad news: the number of small businesses given contracts by the US Government has been declining. In 2023, the number of small businesses given government contracts declined 2.2%.
CN Rail Workers Vote to Strike
Workers from Canada’s two major rail companies, CN Rail and CPKC, have voted to go on strike later this May if a new labour deal is not reached.
