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.
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
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
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Second Quarter Brings a Modest Rise in Business Confidence
Canadian Economics August 13, 2024
The Index has risen in two of the last three surveys but has not yet experienced a substantial uptick often seen during periods of robust economic growth in the past. Although the recent climb in confidence suggests a potential end to the extended period of pessimism, firms’ overall economic expectations remain largely unchanged from the previous survey.
Online experience • 8-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
Global Commerce Centre
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Trade Deficit Widens to $1.9 Billion in May
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.
Quick take • 2-min read
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.
Quick take • 2-min read
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.
Quick take • 3-min read
