Trade Balance in Canada
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 |
Canada Trade Balance Chart
Source: Statistics Canada.
Canada Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.70 | 1.00 % | Dec 31 |
| Exchange Rate | 1.30 | 0.15 % | Jan 01 |
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Economic News
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Canada: Manufacturing PMI ticks down in December
January 4, 2022
In December, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) dipped to 56.5 from November’s 57.2.
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Canada: GDP gains steam in October; preliminary estimate points to weaker growth in November
December 23, 2021
The economy expanded 0.8% on a month-on-month seasonally-adjusted basis in October, after growing 0.2% in September.
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Canada: House price growth picks up in November
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.
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Canada: Housing starts surge to an eight-month in November
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.
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Canada: Inflation stable at near nine-year high in November
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.
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