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 Deficit Narrows to $323 Million in November
Canadian Economics January 7, 2025
Canada’s merchandise exports were up 2.2 per cent in November mainly due to higher exports of consumer goods. Meanwhile, total imports rose 1.8 per cent on the back of increased imports of consumer goods, and industrial chemical, plastic and rubber products. As a result, Canada’s merchandise trade deficit narrowed to $323 million in November.
Quick take • 2-min read
Trade Deficit Narrows to $924 Million in October
Canadian Economics December 5, 2024
Canada’s merchandise exports were up 1.1 per cent in October mainly due to higher exports of metal and non-metallic mineral products. Meanwhile, total imports rose 0.5 per cent on the back of increased imports of metal and non-metallic minerals, and energy products. As a result, Canada’s merchandise trade deficit narrowed to $924 million in October.
Quick take • 2-min read
Business Hopes on Hold: Index of Business Confidence
Canadian Economics November 21, 2024
Throughout the past year, the Index has fluctuated without showing consistent gains or losses, and it has not reached the levels typically seen during periods of strong economic growth. The recent dip in confidence reflects ongoing hesitation among firms about committing to new investments, although general economic expectations have modestly improved.
Online experience • 8-min read
Trade Deficit Narrows to $1.3 Billion in September
Canadian Economics November 5, 2024
Canada’s merchandise exports were down 0.1 per cent in September mainly due to lower exports of metal and non-metallic mineral products, while total imports fell 0.4 per cent on the back of lower imports of metal and non-metallic mineral products. As a result, Canada’s merchandise trade deficit narrowed to $1.3 billion in September.
Quick take • 3-min read
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Industry Lens
Canadian Economics October 17, 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?
Online experience • 8-min read
Trade Deficit Widens to $1.1 Billion in August
Canadian Economics October 3, 2024
Exports of energy products posted sharper declines than all other product categories. Concerns over oil demand exerted downward pressure on crude oil prices. Therefore, the monthly decline in energy exports can mainly be attributed to lower prices of crude oil. Additionally, exports of forestry products and building and packaging materials fell to $3.8 billion in August—its lowest level since July 2023.
Quick take • 2-min read
Stuck in a Holding Pattern? Travel Markets Outlook
Canadian Economics October 3, 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.
Online experience • 8-min read
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Reduced Motor Vehicles and Parts Imports Drives the Canadian Trade Balance to a Surplus
Canadian Economics September 4, 2024
Exports of motor vehicles and parts posted sharper declines than all other product categories. Exports of passenger cars and light trucks dropped by 5.9 per cent in July and are now sitting at 24.8 per cent below their high reached in October 2023, coinciding with a reduction in Canadian auto manufacturing production.
Quick take • 2-min read
Crude Oil and Gold Exports Drive June Trade Surplus
Canadian Economics August 6, 2024
Exports of energy products and metal and non-metallic mineral products posted sharper increases than all other product categories. Specifically, exports of crude oil, which rose 13.3 per cent in June, contributed most to the monthly increase in energy product exports. Higher export volumes of crude oil to Asian countries drove this monthly result—which coincides with the recent completion of the Trans Mountain pipeline expansion.
Quick take • 2-min read
Proceed with Caution: U.S. Outlook to 2028
Canadian Economics July 29, 2024
After finishing 2023 with the pedal to the metal, the U.S. economy entered 2024 with the foot off the accelerator. Real GDP increased by 1.3 per cent in the first quarter of this year, a significant drop from 3.2 per cent the previous quarter and the first quarter below 2 per cent growth since mid-2022. The economy will pick up slightly over the rest of the year, but growth will remain lukewarm.
Online experience • 12-min read
