Canadian exports on rise again
Biggest increases aircraft and asbestos
Tavia Grant and Richard Blackwell,
Globe and Mail Update, Dec. 10, 2009
Canada posted its first trade surplus in four months, courtesy of higher gold sales, strong energy exports, and demand from an unlikely source: the Golden Arches.
Stronger gold and energy prices accounted for much of the swing into a $428-million surplus in October from a month-earlier deficit of $850-million.
Other contributors, though, came from unexpected quarters. Canola exports rocketed 48 per cent in the month.
(……..)
Some of the monthly volatility can be ironed out by focusing on year-to-date numbers. These show the biggest percentage drops in exports have been in nickel and natural gas compared with last year. Autos, which rose in October, are still down 32 per cent from last year’s levels. The biggest increases have been in aircraft and asbestos.
October’s total exports rose to $31.1-billion, Statistics Canada said Thursday, amid higher U.S. demand. Energy exports rose 6.5 per cent, led by petroleum and coal products. Precious metals exports hit a record, driven by gold.
Sun, Dec 13, 2009
Misc.