Canada Balance of Trade

News

Canada's trade deficit swells to record high

Canada's trade deficit swells to record high as exports to U.S. tank

Canada’s overall merchandise trade deficit grew to $7.1 billion in April from $2.3 billion in March due to a “significant, widespread decline in exports,” Statistics Canada said on Thursday.

BNN Bloomberg · 16h

Canada’s April trade deficit widens to historic high as tariffs cripple exports

Canada’s trade deficit in April widened to an all-time high of a whopping $7.1 billion (US$5.2 billion), data showed on Thursday, as tariffs imposed by U.S. President Donald Trump sucked out demand for Canadian goods from the United States.

Yahoo Finance · 16h

Tariffs, oil prices, and a stronger Loonie drag Canada’s April exports down 10.8%

Canada’s trade balance deteriorated sharply in April, with merchandise exports plunging 10.8% and imports sliding 3.5%, according to data released Thursday by Statistics Canada. The resulting merchandise trade deficit hit a record $7.

Bank of Canada Holds

Seeking Alpha · 1d

Bank of Canada Holds, But July Cut Quite Possible

The BoC held rates today in line with expectations, but growth and labour market deterioration can easily tilt the balance to a cut at the July meeting.

insauga · 1d

Bank of Canada holds key interest rate steady

The Bank of Canada held its benchmark interest rate steady at 2.75 per cent Wednesday as policymakers keep waiting for more clarity on how tariffs will impact the economy. “Uncertainty remains high,” Bank of Canada governor Tiff Macklem said after the release of the rate decision.

Reuters · 1d

VIEW Bank of Canada holds its benchmark interest rate

The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy. The bank said another cut might be necessary if the economy weakened in the face of tariffs.

The Conference Board of Canada13h

Trade Balance Slumps to an All-time Low

Trade tensions with the United States significantly impacted both exports and imports in April. Canadian exports fell 10.8 ...

Canadian Mortgage Trends9h

BMO: Record trade deficit supports BoC cuts in July, September

Canada’s merchandise trade deficit ballooned to a record $7.1 billion in April, prompting BMO to say the economic hit ...

Investing1mon

Canada Trade Balance

CN Rail Strike Takes a Toll on Canada’s Trade Balance By Bloomberg - Jan 07, 2020 (Bloomberg) -- Canada’s trade gap reached C$1.1 billion ($847 million) in November after a multi-day rail ...

Hosted on MSN23d

Canada's Carney unveils economy-focused cabinet amidst US trade war

Toronto-area MP Maninder Sidhu, takes over for Minister of International Trade. Carney has also ... Federal cabinets in Canada by tradition balance representation of the country's regional ...

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