Trade Balance in Canada
Canada - Trade BalanceGDP rebounded at a brisk pace in Q3, but a sharp downward revision revealed a notable contraction in Q2. Household spending surged in Q3, but was partially offset by declining fixed investment and government consumption. Meanwhile, exports of goods and services grew robustly while imports dipped, meaning the external sector contributed positively to overall GDP. Shifting to Q4, momentum has likely been fairly stable. A flash estimate suggested that GDP growth accelerated in October, while the unemployment rate dipped to the lowest level since February 2020 in November, and the manufacturing PMI pointed to strong expansions in the first two months of the quarter. Nevertheless, supply chain woes, some weather-related disruptions in the West and the recent rise in new Covid-19 cases leading to the tightening of restrictions in some parts of the country have likely capped growth.
Canada - Trade Balance Data
|Trade Balance (USD billion)||-19.3||-18.9||-18.6||-17.1||-13.9|
5 years of economic forecasts for more than 30 economic indicators.
Canada Trade Balance Chart
Source: Statistics Canada.
|Bond Yield||1.70||1.00 %||Dec 31|
|Exchange Rate||1.30||0.15 %||Jan 01|
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January 4, 2022
In December, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) dipped to 56.5 from November’s 57.2.
December 23, 2021
The economy expanded 0.8% on a month-on-month seasonally-adjusted basis in October, after growing 0.2% in September.
December 17, 2021
According to the Teranet-National Bank Composite House Price Index, house prices increased 0.4% month-on-month on a non-seasonally-adjusted basis in November, after virtually flatlining in October.
December 15, 2021
Housing starts jumped to 301,279 units on a seasonally-adjusted annualized rate (SAAR) basis in November according to the Canada Mortgage and Housing Corporation (CMHC), from October’s 238,366-unit reading.
December 15, 2021
Consumer prices increased a seasonally-adjusted 0.35% over the previous month in November, a weaker increase than October's 0.56% rise.