Trade Balance in Canada
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
|Trade Balance (CAD billion)||-8.1||4.7||-23.7||-25.9||-24.0|
5 years of economic forecasts for more than 30 economic indicators.
Canada Trade Balance (CAD bn) Chart
Source: Statistics Canada.
|Bond Yield||2.16||1.00 %||Jul 12|
|Exchange Rate||1.32||0.15 %||Jul 13|
|Stock Market||16,561||0.23 %||Jul 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 22, 2018
Seasonally-adjusted consumer prices rose 0.1% from a month earlier in May, matching April’s 0.1% increase.
June 13, 2018
House prices rose 1.0% on a monthly basis in May as the Teranet-National Bank National Composite House Price Index ticked higher, accelerating from April’s 0.2% month-on-month increase.
June 8, 2018
Housing starts on a seasonally-adjusted annualized (SAAR) basis plummeted to 195,600 units in May, according to the Canada Mortgage and Housing Corporation (CMHC).
June 6, 2018
In May, the Ivey Purchasing Managers Index (PMI), prepared by the Richard Ivey School of Business, dipped 9.0 points from April’s multi-year high to land at 62.5 points.
May 30, 2018
On 30 May, the Bank of Canada (BoC) left its target for the overnight rate unchanged at 1.25%, as broadly expected by market analysts.