NAFTA Watch: Could Canada Be Better Off Out Than In? — Panjiva
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NAFTA Watch: Could Canada Be Better Off Out Than In?

Canada 529 Energy - Conventional 468 Energy - Crude Oil 311 Trade Balance 935 Trade Deals 1017 U.S. 5399 USMCA 462

Canada’s exports continued to sputter in November with a 0.02% decline on a year earlier following a 1% rise in October. A 7% drop in oil exports was to blame, ending a 13 month run of improvements and despite a 24% surge in oil prices. An 8% surge in imports was driven in large part by consumer electronics, suggesting retail sales over the holidays may have been solid. Looking ahead the biggest event for Canadian trade is the January 23 round of NAFTA talks. Despite the slowdown in energy exports, Canada’s energy surplus with the U.S. climbed 17% on a year earlier, with the result that ...

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