Current Events

Canadian dollar falls in face of U.S. softwood lumber duties

Used link: http://www.cbc.ca/news/business/canadian-dollar-softwood-lumber-1.4084288

Summary: On the Tuesday of April 25th, the value of Canadian has dropped significantly because of the United State’s decision to impose a range of tariffs on Canadian lumber. The Canadian dollar has dropped to the small amount of 73.45 cents USD according to the reports of the World Bank of Canada. Canada’s economy is reliant on the trade with the United States and the issues with lumber exports will cause issues like it has already done. The tariffs on lumber trade perhaps happened due to Americans’ unhappy reaction of Canada making the business of dairy farmers in Wisconsin very difficult.

Personal Response/ Reflection:

 I believe that this issue can bring a huge toll on Canada’s economy due to the fact that Canada is reliant on the trade with the United States of America. Even there are beliefs that “diplomatic missteps are possible”, this is not the “prelude to a breakdown in relations between the two nations.” There are beliefs that the North American Free Trade Agreement(NAFTA) will be affected as well. The NAFTA agreement has been active since 1994 and Canada, the United States of America, and Mexico partakes in this Agreement. However, there is a chance that Canada’s economy will recover

Links:

www.theglobeandmail.com/globe-investor/markets/canadian-dollar-falls-to-four-month-low-after-announcement-of-new-lumber-duties/article34801888/

http://globalnews.ca/news/3401389/canadian-dollar-value-softwood-lumber/

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Scientists shocked by Stunning Discovery in Antarctica 

Links: http://www.babwnews.com/2017/04/scientists-stunned-by-huge-discovery-in-antarctica/

Summary: 

Scientists came across a stunning discovery in Antarctica as they noticed that melting of the ice shelf is occurring at a quicker pace. According to the journal, "Journal", scientists found that there was a huge amount of melted ice shelf water flowing in the area of Antartica that was unexpected. Global is an extreme issue that is happening due to fossil fuels and human activity. Rising temperatures will cause the Nansen ice sheet ( 30 miles long and 10 miles wide) to melt if rising temperatures will continue to occur. The extensive melting of the icebergs indicates this issue. Scientists report that will be future reports of these systems react to global warming.

Personal Response/ Reflection:

The indications of global warming and climate change have been obvious this year as there were intense snowfalls and changing weather patterns.  Melting of ice glaciers in Antartica is another sign of global warming and this issue can extreme if not paid attention to. It would cause an "influence on rising sea levels." Rising sea levels have been shown in China as some areas are flooded. Lots of simple gestures could be made to solve to issue but the society is still ignoring this issue despite the severe consequences. I believe that the society should be more attentive this issue so global warming will halt gradually. Alternate of fossil fuels can be used to help solve this issue.

Other Links:

http://time.com/4745827/antarctica-water-climate-change/

https://www.nasa.gov/content/goddard/antarctic-sea-ice-reaches-new-record-maximum