Canada’s Export Slowdown Completes Global Downturn Picture — Panjiva


Canada’s Export Slowdown Completes Global Downturn Picture

Canada 338 Global 722 Trade Balance 657

Canada’s international trade growth slowed to just 0.7% year over year in December, largely as the result of a 3.6% slide in exports to the U.S. When combined with a rise in imports from China that resulted in the widest trade deficit since at least 1997. The export decline seen in Canada overall of 0.9% rounds out the export data for 37 countries (plus the EU) tracked by Panjiva. In total the 37 nations saw a combined 2.8% decline in exports in December compared to a year earlier. The fastest fall was in Europe, which suffered a 5.9% drop, while Asia saw a 3.0% slide. The Americas were ...

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