• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

E Canada’s Commodity Exports And Imports Declined In January, And The Trade Deficit Narrowed

By Kurt Osterberg · On April 8, 2018

“While the Canadian goods trade deficit was smaller than expected by consensus, that’s not to say January’s trade report was good. The deterioration of two-way trade, i.e. sinking real exports and imports, is not a positive development because it points to softening demand both at home and abroad” (National Bank of Canada, March 7, 2018),

Canada’s merchandise trade deficit narrowed a bit in January to C$1.9, due to the 4.3% decline in imports exceeding the 2.1% decline in exports.

Canada’s energy trade surplus rose through the month while the non-energy deficit declined.

These figures are presented in nominal terms, which means that they were affected both by changes in product prices as well as the underlying changes in the volume of imports and exports.

In real terms, however, the January trade balance was approximately identical to December’s, as both export and import volumes declined by 4%.

The recent data seems to be signalling that foreign trade will once again be a net detractor from Canada’s economic growth in the first quarter of 2018. In the fourth quarter, net exports reduced annual real GDP growth by 1.2 ppts.

 

 

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    Lead Generation Strategies for Channel Partners and Resellers

  • Finance

    Product Discovery Anti-Patterns Leading to Failure

  • Finance

    High-Performing Teams – Deciding What to Measure

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Kanban vs Scrum: Understanding the Tools for Agile Success Kanban vs Scrum: Understanding the Tools for Agile Success
  • Samsung Galaxy Note 9 Review Samsung Galaxy Note 9 Review

New Posts

  • Lead Generation Strategies for Channel Partners and Resellers

    Lead Generation Strategies for Channel Partners and Resellers

    February 24, 2021
  • Product Discovery Anti-Patterns Leading to Failure

    Product Discovery Anti-Patterns Leading to Failure

    February 24, 2021
  • High-Performing Teams – Deciding What to Measure

    High-Performing Teams – Deciding What to Measure

    February 24, 2021
  • The Top 3 Leadership Qualities Following COVID-19

    The Top 3 Leadership Qualities Following COVID-19

    February 24, 2021
  • 5 Signs That You Need to Stop Working as a Solopreneur

    5 Signs That You Need to Stop Working as a Solopreneur

    February 24, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.