Author Topic: 2nd Consecutive Trade Surplus (December)  (Read 31 times)

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Offline cybercoma

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2nd Consecutive Trade Surplus (December)
« on: February 07, 2017, 03:11:12 pm »
$923M vs expectation of $350M. Record exports at $46.4 Billion. This was almost entirely due to the weak dollar and higher profits, since the amount of exports had fallen. Technically this means the economy, in terms of the amount of goods contracted.

Article: http://www.theglobeandmail.com/report-on-business/economy/canada-posts-bigger-than-expected-december-trade-surplus/article33920996/

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Offline Blueblood

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Re: 2nd Consecutive Trade Surplus (December)
« Reply #1 on: February 08, 2017, 12:54:15 am »
That doesn't look good for productivity numbers and for us wanting to buy things. 

Offline cybercoma

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Re: 2nd Consecutive Trade Surplus (December)
« Reply #2 on: February 08, 2017, 07:52:26 am »
Yeah. It's definitely not all good news.