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Trade Partner Profile: South America
Canada exported $550 million worth of goods to Ecuador in 2024; a figure now poised to grow. Key exports to the country include wheat, refined oil, and dried vegetables. The trade agreement will considerably improve market access for many Canadian sectors, particularly manufacturing, forestry, and fishing.
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Featured Insights
Labour Market Stuck in First Gear
Canadian Economics May 9, 2025
April brought a modest employment gain of 7,400 jobs, yet the unemployment rate edged up to 6.9 per cent. As immigration targets are reduced, population growth slows, and trade tensions persist, Canada’s labour market is poised to face continued headwinds in the coming years.
Quick take • 3-min read
Maxime Arseneau
Trade Balance Narrows to $506 Million in March
Canadian Economics May 6, 2025
Tariff threats have caused recent volatility in trade. Between September 2024 and January 2025, total exports increased by 15.7%. Recent tariff threats from the United States government prompted American importers to accelerate shipments to mitigate potential additional costs.
Quick take • 3-min read
David Ristovski
Confidence Upswing In Spite of Continued Trade Headwinds
Canadian Economics April 24, 2025
Trade turmoil marks the first cracks in labour market stability. In March, the Canadian economy shed approximately 33,000 jobs, the first monthly decline since July. The strong employment gains observed earlier this year are now at risk of unwinding entirely should uncertainty surrounding tariffs and broader trade policy persist.
Quick take • 3-min read
Loubna Zebiri
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