Canada's trade divide: everything's fine, nothing to see here
Canada's trade divide: everything's fine, nothing to see here
This article is more than 6 years old

Canada’s trade divide: everything’s fine, nothing to see here

Canada’s latest trade numbers show exports and imports are both up, but if you drill down and tease out the energy numbers, you get a different picture. Check out this graph created by Douglas Porter, chief economist at BMO Capital Markets. It shows “there is energy (doing just fine) and there is everything else (doing anything but fine).” The trade […]

November 18, 2013

Canada’s latest trade numbers show exports and imports are both up, but if you drill down and tease out the energy numbers, you get a different picture.

Check out this graph created by Douglas Porter, chief economist at BMO Capital Markets. It shows “there is energy (doing just fine) and there is everything else (doing anything but fine).”

The trade deficit in all non-energy goods “continues to plumb the depths. While improving slightly in September to a gap of $6.7 billion, the 12-month total hit a record of $72.9 billion (or nearly 4% of GDP). As recently as 2007, non-energy merchandise trade was in a surplus. That is a massive deterioration in a short period…”

Trade balance
Source: BMO Nesbitt Burns

For another take on this imbalance, check out the newest report from the Pembina Institute and Equiterre.

Photo: shannonpatrick17. Used under a Creative Commons BY 2.0 licence.

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The pension fight is on
The pension fight is on

The pension fight is on

The Canadian Federation of Independent Business (CFIB) isn’t taking any chances. With Friday’s meeting of the Council of the Federation, the business group is campaigning hard against an expansion of the Canada Pension Plan and the Quebec Pension Plan. The business group, backed by conservative think tanks, got especially jittery when Finance Minister Jim Flaherty […]

November 15, 2013

The Canadian Federation of Independent Business (CFIB) isn’t taking any chances.

With Friday’s meeting of the Council of the Federation, the business group is campaigning hard against an expansion of the Canada Pension Plan and the Quebec Pension Plan.

The business group, backed by conservative think tanks, got especially jittery when Finance Minister Jim Flaherty mused a few weeks ago that expanding CPP benefits is a good idea — just…