Trade Balance in Canada

Canada Trade Balance | Economic News & Forecasts

Canada - Trade Balance

GDP 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

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-19.3  -18.9  -18.6  -17.1  -13.9  

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Canada Trade Balance Chart

Canada Trade
Note: Trade balance in CAD billion.
Source: Statistics Canada.

Canada Facts

Value Change Date
Bond Yield1.701.00 %Dec 31
Exchange Rate1.300.15 %Jan 01

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