NAFTA Watch: Canada’s Surplus Bounce Could Undermine Mood of Talks — Panjiva


NAFTA Watch: Canada’s Surplus Bounce Could Undermine Mood of Talks

Canada 338 Cons. Discr. - Autos 661 Energy - Conventional 272 Tariffs 1169 Trade Balance 657 Trade Deals 702 U.S. 3297 USMCA 373

Canada’s international trade activity has returned to rude health with a 16% rise in exports and 10% in imports in July being the fastest rate of growth since May 2017 and June 2017 respectively. The pace of export growth to the U.S. of 16% resulted in the largest trade surplus with America since at least 2010 at C$5.4 billion ($4.1 billion). That won’t help during the ongoing NAFTA negotiations through the end of the month. Growth in exports has been broad-based – including by 11% excluding the energy industry. Importantly a 5% rise in exports by the automotive industry follows a ...

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