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Canada’s foreign trade improves significantly


February 14, 2011
By Alex Carrick | Daily Commercial News

NEWS HIGHLIGHT

Canada’s foreign trade improves significantly
That’s more like it. Canada’s merchandise trade balance
in December 2010 was over $ 36.0 billion in annualized current CAD
(Canadian) dollars, according to Statistics Canada, its highest level
since October 2008.

Feb. 14, 2011 – That’s more like it. Canada’s merchandise trade balance in December 2010 was +$36.0 billion in annualized current CAD (Canadian) dollars, according to Statistics Canada, its highest level since October 2008. Not coincidentally, October 08 was also the start of the recession in Canada. In the intervening period, Canada has encountered particular problems in its trade with the U.S.

Canadian exports to the world in December 2010 were +9.7% while imports were up only 0.7%. Exports to the U.S. charged ahead even faster, +10.8%. Imports from the U.S. were +2.3%. | READ MORE

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