Trade Balance in Canada

Canada Trade Balance (CAD bn) | Economic News & Forecasts

Canada - Trade Balance (billions of Canadian dollars)

Canada’s economy began the year at a solid pace but moderated somewhat from the fourth quarter of last year as growth in household spending continued to slow. A closer look, however, provided several upsides to the first-quarter reading; non-residential investment ticked up and exports did not fall off as initially thought. That said, it confirmed weakness in the housing market as residential investment plummeted on the implementation of new mortgage-lending rules at the beginning of the year. Meanwhile, available data for the second quarter suggests the market continued grappling with the new guidelines and higher borrowing costs into May, although there were nascent signs that it could soon stabilize. The outlook worsened substantially for trade, however, in recent weeks; the U.S. announced new steel and aluminum tariffs on Canadian imports, which Canada quickly reciprocated. Despite their trivial dollar value, imposing tariffs could signal U.S. intentions in the ongoing renegotiation of NAFTA and open the door to additional tariffs on Canadian automotive and agricultural wares.

Canada - Trade Balance (CAD bn) Data

2013  2014  2015  2016  2017  
Trade Balance (CAD billion)-8.1  4.7  -23.7  -25.9  -24.0  

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Canada Trade Balance (CAD bn) Chart


Canada Trade
Note: Trade balance in CAD billion.
Source: Statistics Canada.

Canada Facts

ValueChangeDate
Bond Yield2.161.00 %Jul 12
Exchange Rate1.320.15 %Jul 13
Stock Market16,5610.23 %Jul 13

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