Canada helped by supply chain inflation, hindered by chip crunch

Ags - Forestry 120 Canada 451 Cons. Discr. - Autos 1039 Consumer Staples 685 Energy - Conventional 420 Energy - Crude Oil 287 Energy - Natural Gas 135 Energy - Refined Oil 193 Info Tech - Tech Hardware 685 Materials - Metals/Mining 673 Trade Balance 899 U.S. 4937

Canada’s international trade activity inched 0.6% higher year over year in February after an import contraction of 2.8% was offset by a 4.1% improvement in exports. The latter outpaced the United States’ 5.1% downturn and largely reflects the two countries’ differing exposures to commodities. Canada’s exports of energy and forestry products expanded by 19.9% and 27.4% respectively, reflecting global supply chain price inflation. The global semiconductor crunch meanwhile took a toll on exports of autos and electronics which fell by 18.7% and 7.3% respectively. The shortage of chips may co...

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