Global Trade
Global trade has grown due to advancements in transportation and technology. But to make the best decisions, you need to have the latest research.
Trade Surplus Widens with Export Growth
Canadian Economics April 4, 2024
Weaker domestic demand will dampen the outlook for imports. Higher rates will continue to exert pressure on both consumers and businesses until the Bank of Canada starts to lower rates. Our recent consumer and business confidence surveys have finally turned around, but the indices still fall short of optimistic levels.
Quick take • 2-min read
Lower Imports Drives Trade Deficit to a Surplus
Canadian Economics March 7, 2024
Exports supported the economy in the final quarter of 2023, but a weak start to the year is concerning. Exports rose by 1.4 per cent in the fourth quarter of 2023, primarily due to increased exports of crude oil and crude bitumen, reflecting ongoing production in Alberta.
Quick take • 2-min read
Business Confidence Bucks the Trend in Fourth Quarter: Index of Business Confidence
Canadian Economics February 26, 2024
The recent increase in business confidence could prove to be a turning point, although many businesses remain pessimistic about the current state of the economy. According to our survey, the primary factors that are negatively impacting firms’ planned investment in Canada continue to be high interest rates and rising labour costs.
Online experience • 8-min read
Switching to Glide: Travel Markets Outlook
Canadian Economics February 8, 2024
Canadians love to spend on travel and tourism. Even as dark clouds formed above the economy, this spending continued largely unabated for much of 2022 and into 2023. After being unable to travel for more than two years during the height of the pandemic, pent-up demand helped to set the pace of the tourism industry’s recovery.
Online experience • 8-min read
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Canada Posts $312 Million Trade Deficit in December
Canadian Economics February 7, 2024
Weak economy will weigh on import growth this year. Merchandise imports are anticipated to face challenges stemming from a weaker Canadian dollar, which is currently valued at $0.74 USD, coupled with weak domestic demand. Interest rates remain elevated, and we expect them to remain that way until the middle of the year, which will weigh on the economy.
Quick take • 2-min read
Trade Surplus Narrows to $1.6 Billion in November
Canadian Economics January 9, 2024
Uncertainty looms over the global economy, which could impact Canadian trade in the short run. Canadian exports took a bite out of GDP growth last quarter and there are some external factors that could cause this weakness to carry over into the final quarter of 2023. China’s recovery has been weak, and its manufacturing activity declined for a third consecutive month in December.
Quick take • 2-min read
Losing Steam: U.S. Outlook
Canadian Economics November 16, 2023
Despite a highly restrictive monetary policy, the U.S. economy continues to outperform expectations. Real GDP growth in the first half of the year advanced by 2.0 per cent annualized and will accelerate with 2.5 per cent growth in the third quarter.
Online experience • 8-min read
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Trade Surplus Widens for a Second Consecutive Month
Canadian Economics November 7, 2023
Exports are expected to outpace imports this year. Trade activity rebounded after the reopening of British Columbia marine ports. However, with the Canadian economy having reached a standstill, import growth will soften as elevated household debt levels and higher interest rates continue to chip away at domestic demand.
Quick take • 2-min read
Trade activity rebounds in August, following disruptions in B.C. port operations
Canadian Economics October 5, 2023
Many factors could impact Canadian trade in the short-to-medium term. Heightened political tensions between Canada and India have led to a temporary pause of trade negotiations between the two nations. It’s worth noting, however, that India currently represents a relatively small portion of Canada’s trade, accounting for just 0.5 percent of total exports and 0.7 percent of imports.
Quick take • 3-min read
Trade Deficit Narrows as B.C. Port Strike Takes a Bite Out of Imports
Canadian Economics September 6, 2023
Global economic growth is waning. In the second quarter of 2023, growth in Canadian imports exceeded growth in Canadian exports. At the same time, growth in Canadian real household spending decelerated to 0.1 per cent. Looking outside of Canada, the situation in Europe is worrisome and China’s economic challenges add an extra layer of uncertainty.
Quick take • 3-min read
