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.

Canadian Economics    July 3, 2024

Exports of metal and non-metallic mineral products posted a sharper decline than all other product categories. Specifically, exports of unwrought gold, silver, platinum group metals, and their alloys decreased by 17.1 percent. The value of unwrought gold exports has shown significant monthly fluctuations due to changes in volumes and prices.

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Industry Lens

Canadian Economics     July 3, 2024

As businesses across Canada embark on a new era, there are plenty of bright prospects across several industries in the Canadian economy. But which sectors will come out ahead?

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Stuck in a Holding Pattern: Travel Markets Outlook

Canadian Economics     June 19, 2024

For an industry that’s desperately seeking a return to normal, the year ahead will remain atypical. Canada’s tourism operators continue to face off against the incomplete recovery of international visitors and a domestic market that is financially constrained.

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Trade Deficit Narrows to $1.0 Billion in April

Canadian Economics     June 6, 2024

Canada’s merchandise exports were up 2.6 per cent in April on the back of higher exports of energy products, while imports rose 1.1 per cent mainly due to higher imports of motor vehicles and parts. As a result, Canada’s merchandise trade deficit narrowed to $1.0 billion in April.

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Resilience Over Recession: U.S. Five-Year Outlook

Canadian Economics     May 6, 2024

The U.S. economy surprised with stunning growth in 2023. In a year when many predicted a recession, the economy not only survived but thrived. The year ended with impressive growth of 3.2 per cent annualized in the fourth quarter, but this rate is unsustainable, and growth will lose momentum.

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Trade Balance Swings to Deficit

Canadian Economics     May 2, 2024

Canada’s merchandise trade balance swings back into deficit in March as weaker export performance erases the gains made in February. Total imports also fell, reflecting weakened demand conditions domestically.

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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.

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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.

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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.

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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.

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