Canada’s Trade Surplus in Jeopardy
Abstract:
In October 2007, Canada’s merchandise trade balance improved slightly to $39.8 billion (annualized) from $33.7 billion in September. The September figure was the lowest since the beginning of this cyclical recovery and expansion in early 2002. The surplus with the U.S. continued a pattern of decline in the latest month. Canada’s trade balance is likely to continue being eroded through early 2008.
Comments
No comments posted for this article yet
In October 2007, Canada’s merchandise trade balance improved slightly to $39.8 billion (annualized) from $33.7 billion in September. The September figure was the lowest since the beginning of this cyclical recovery and expansion in early 2002. The surplus with the U.S. continued a pattern of decline in the latest month. Canada’s trade balance is likely to continue being eroded through early 2008.