Trade Balance in Canada

Canada Trade Balance (CAD bn) | Economic News & Forecasts

Canada - Trade Balance (billions of Canadian dollars)

GDP contracted in Q2, as a decline in fixed investment hampered growth in domestic demand, while a steep drop in exports weighed on the external sector. Turning to Q3, the economy should have rebounded robustly, but a preliminary GDP estimate for the month of July suggested output dipped 0.4%, dragged down by downbeat manufacturing and retail trade activity. Meanwhile, fears of another wave of Covid-19 cases will likely keep authorities from easing restrictions anytime soon. Nevertheless, the unemployment rate dipped to its lowest level since February 2020 in August, while the manufacturing PMI suggested activity expanded at a quicker pace in the same month relative to July, boding well for overall GDP. In politics, Trudeau’s Liberal Party failed to secure a majority government in the latest election held on 20 September, but will remain in power, leaving the economic landscape more or less the same.

Canada - Trade Balance (CAD bn) Data

2015   2016   2017   2018   2019  
Trade Balance (CAD billion)-24.6  -25.0  -24.1  -22.1  -18.4  

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Canada Trade Balance (CAD bn) 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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