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Canada Balance of Trade

Canada reported a balance of trade deficit equivalent to 1.1 Billion CAD in June of 2010. International trade makes up a large part of the Canadian economy. Exports amount to more than 45% of its GDP. The United States is by far its largest trading partner, accounting for about 79% of exports and 54% of imports as of 2008. Canada is one of the few developed nations that are a net exporter of energy. Canada imports mostly machinery and equipment, motor vehicles and parts, electronics, chemicals, electricity and durable consumer goods. This page includes: Canada Balance of Trade chart, historical data and news.


CountryInterest RateGrowth RateInflation RateJobless RateCurrent AccountExchange Rate
Canada 0.75%1.48%1.80%8.00%-81.0419


  to        

Canada Balance of Trade 6/30/2010 -1.131 5/31/2010 -0.695 4/30/2010 -0.33 3/31/2010 -0.236 2/28/2010 0.741 1/31/2010 0.93 12/31/2009 0.17 11/30/2009 -0.154 10/31/2009 0.42 9/30/2009 -0.804 8/31/2009 -1.68 7/31/2009 -0.904 6/30/2009 -0.104 5/31/2009 -1.373 4/30/2009 -0.543 3/31/2009 1.209 2/28/2009 0.466 1/31/2009 -1.272 12/31/2008 -0.788 11/30/2008 0.819 10/31/2008 3.185 9/30/2008 3.846 8/31/2008 5.678 7/31/2008 4.859 6/30/2008 5.022 5/31/2008 5.723 4/30/2008 5.35 3/31/2008 5.487 2/29/2008 4.559 1/31/2008 2.505 6/30/2010 -1.131 5/31/2010 -0.695 4/30/2010 -0.33 3/31/2010 -0.236 2/28/2010 0.741 1/31/2010 0.93 12/31/2009 0.17 11/30/2009 -0.154 10/31/2009 0.42 9/30/2009 -0.804 8/31/2009 -1.68 7/31/2009 -0.904 6/30/2009 -0.104 5/31/2009 -1.373 4/30/2009 -0.543 3/31/2009 1.209 2/28/2009 0.466 1/31/2009 -1.272 12/31/2008 -0.788 11/30/2008 0.819 10/31/2008 3.185 9/30/2008 3.846 8/31/2008 5.678 7/31/2008 4.859 6/30/2008 5.022 5/31/2008 5.723 4/30/2008 5.35 3/31/2008 5.487 2/29/2008 4.559 1/31/2008 2.505

YearJanFebMarAprMayJunJulAugSepOctNovDecTotal
20100.90.7-0.2-0.3-0.7-1.1      -0.7
2009-1.30.51.2-0.5-1.4-0.1-0.9-1.7-0.80.4-0.20.2-4.6
20082.54.65.55.45.75.04.95.73.83.20.8-0.846.2



Canada Trade Deficit Rises in June
Published: 8/11/2010 10:32:35 AM    By: TradingEconomics.com, Reuters 

Canada posted a trade deficit in June that was more than three times expectations, dragged down by exports of industrial goods and materials.

The shortfall in June totaled C$1.13 billion ($1.06 billion) as the trade deficit ballooned from a revised C$695 million in May. The prior month was originally reported at a C$503 million deficit.

Exports dropped 2.5 percent in June to C$33.5 billion from C$34.4 billion in May, as exports of industrial goods and materials fell for a third straight month. 

Imports at C$34.6 billion were exactly on expectations, reflecting a drop in energy products.

Canada's trade surplus with the United States narrowed to C$3.03 billion from C$3.45 billion. Meanwhile, the nation's deficit with countries other than the United States widened to C$4.16 billion from C$4.14 billion, the largest since December 2009.

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Canada Economic News

Canada's Inflation Rises in July
Published: 8/20/2010 12:20:31 PM By: TradingEconomics.com, Statistics Canada
Consumer prices rose 1.8% in the 12 months to July, following a 1.0% increase in June. In July, consumer prices were affected by changes in consumption taxes in Nova Scotia, Ontario, and British Columbia.

Canada Trade Deficit Rises in June
Published: 8/11/2010 10:32:35 AM By: TradingEconomics.com, Reuters
Canada posted a trade deficit in June that was more than three times expectations, dragged down by exports of industrial goods and materials.

Canada Unexpectedly Lost Jobs in July
Published: 8/6/2010 9:47:38 AM By: TradingEconomics.com, Bloomberg
Canada unexpectedly lost jobs in July and the country’s unemployment rate increased because of a drop in full-time jobs at schools and in the finance industry.

Canada Economy Rises 0.1% in May
Published: 8/2/2010 4:08:50 AM By: TradingEconomics.com, Bloomberg
Canada’s gross domestic product expanded in May after stalling the month before, with mining and oil leading increased goods production, while wholesale and real estate activity declined.

Canada June Inflation Rate Slows to 1%
Published: 7/23/2010 10:11:52 AM By: TradingEconomics.com, Bloomberg
Canada’s annual inflation rate slowed in June as gasoline prices fell for the first time since October 2009 while the costs of home upkeep and car insurance advanced.

Canada Raises Key Rate to 0.75%
Published: 7/20/2010 11:04:44 AM By: TradingEconomics.com, Bank of Canada
The Bank of Canada raised its benchmark lending rate for a second month, and said that slower economic growth through next year means any future moves will be “weighed carefully.”

Canada Records Third Straight Trade Deficit in May
Published: 7/13/2010 9:49:08 AM By: TradingEconomics.com, Bloomberg
Canada reported a third straight merchandise trade deficit in May, as imports of machinery and equipment outpaced gains in exports, government figures showed.

Canada Jobless Rate Falls to 7.9%
Published: 7/9/2010 9:15:05 AM By: TradingEconomics.com, Bloomberg
Canada’s job creation was almost five times more than economists expected in June, restoring most of the country’s job losses since 2008 and bolstering the case for the central bank to raise interest rates for a second month.

Canada's Economy Stalls in April
Published: 6/30/2010 9:37:53 AM By: TradingEconomics.com, Bloomberg
Canada’s gross domestic product unexpectedly stalled in April after seven previous gains, as retailing and manufacturing declined while mining and wholesaling advanced.

Canada's Inflation Slows to 1.4% in May
Published: 6/22/2010 9:08:44 AM By: TradingEconomics.com, Bloomberg
Canada’s annual inflation rate slowed in May because of a moderation in gasoline costs and lower prices for clothing.

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Balance of Trade Definition

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap.

The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.

The Balance of Trade is identical to the difference between a country's output and its domestic demand  - the difference between what goods a country produces and how many goods it buys from abroad; this does not include money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market (source: wikipedia).
 


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