Freight & Shipping

US Open – Earnings season picks up, Oil remains vulnerable, Gold steadies, and Bitcoin breaks

US equities are struggling for direction as investors weigh President Trump’s latest tariff threat to China, Fed chair Powell’s dovish reiterations, and a mix bag or earnings results.  Tuesday’s price action saw equities remember that Trump could easily become tariff man and put pressure on ...

Is the 2020 Corolla’s CVT transmission reliable?

Q. I want to buy a 2020 Toyota Corolla, but not if it is likely to have reliability problems with its CVT transmission in the coming years. I would like to know if the transmission on the 2020 Corolla LE is unchanged from the 2019 model, and also if it’s the same as the one for 2014 through 2017 ...

Tropical Storm Barry races toward Louisiana, curbing oil output

Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to US$1 billion in damage and worsening flooding in New Orleans. The system, which was about 80 miles (130 kilometers) south of the Mississippi River’s mouth as of 2 a.m. New Y ...

Canada Announces End of Customs Paper Reporting in 2020

On July 8, 2019, the Canada Border Services Agency (“CBSA”) issued Customs Notice 19-14 “Mandatory electronic export reporting for exporters” in which it announced paper reporting will end on June 30, 2020.  Canadian exporters will not longer be able to file Form B13A to report exports. As ...

OPEC output hits new low on Trump’s sanctions

OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to U.S. sanctions and other outages elsewhere in the group, a Reuters survey found. The 14-member Organization of the Petroleum Exporting Countries pumped 29.60 million barr ...

Could central banks boost stocks in the second half?

The Federal Reserve (Fed) met last week and clearly telegraphed that it will no longer be “patient” and that it is leaning toward loosening monetary policy. Why? Fed Chair Jay Powell said trade developments and global growth concerns are on the mind of the central bank. As I look into the secon ...

Global oil ‘choke point’ in focus after Trump calls off military strike against Iran: What you need to know

The Strait of Hormuz, the world’s most sensitive oil-transportation choke point, remains in focus after the U.S. called off a retaliatory strike against Iran late Thursday for its downing on Wednesday of an American military drone. While President Donald Trump “will likely keep the pressure on ...

Iran Shoots Down US Military Drone Near Persian Gulf

A US official confirmed that a surface-to-air missile shot down an American drone over the Strait of Hormuz, the gateway to the Persian Gulf, a critical shipping lane for oil exports from the Middle East. Iran also said that it shot down a drone as a warning to the US. The news threatens to further ...

Tariff Turbulence Continues to Fly!

Putting all the hyperbole and posturing to one side, the recent agreement between Mexico and the U.S. which averted the tariffs can be found in the U.S.- Mexico Joint Statement released June 7, 2019. It consists of a few broad policy statements: Mexico will deploy its National Guard throughout Mex ...

US Stocks to open lower following mixed Chinese and US data; Middle East in Focus

Markets remain cautious as Chinese data continues to soften as the effects of US tariff war increase and as tensions remain on high alert between the US and Iran.  American officials unveiled images of an Iranian navy ship removing an unexploded mine off the hull of the Japanese-owned chemical tan ...