The Many Consequences of a Falling Loonie

The Canadian dollar has been declining against the U.S. dollar for the last several months. The depreciation of the Canadian dollar has corresponded with the fall in oil price. Overall, the depreciating Canadian dollar would have different effects on various sectors of the economy.

Canadian Exports Seriously Booming

OTTAWA - Statistics Canada says the country's merchandise exports grew by 1.4 per cent in July, while imports edged down 0.3 per cent.This raised the country's Canada's trade surplus with the world to...

Surprise - A Trade Deficit!

OTTAWA - Statistics Canada says merchandise exports declined 1.8 per cent in April, while imports increased 1.4 per cent, pushing the trade balance with the world to a deficit of $638 million from a s...

Bad News On The Trade Front

OTTAWA - Canada's merchandise trade deficit widened to $1 billion in February, disappointing markets and economists who had been anticipating better economic news south of border would result in the f...

Fast Facts on Trade in 2012

Normally, this column is forward-looking, but occasionally, it pays to reflect on recent events. Annual merchandise trade data for 2012 are hot off the press, and analysts are still dissecting the det...

What's Up and Down With Canadian Exports

Canadian exports rose by 1.0 per cent in October led by a stunning increase in agricultural exports. The combination of this year's bumper harvest with high global food prices was expected to yield significant gains, but many analysts were surprised by the extent of the rise in international sales.

Canada's Trade Deficit Doubles

OTTAWA - Canada's trade performance with the rest of the world worsened for the third consecutive month in June, providing fresh evidence of the global economic slowdown's impact on the country's key...

Canada Falls Back Into Trade Deficit

OTTAWA - Statistics Canada says the country suffered a $367 million trade deficit with the rest of the world in April.It was the first deficit in six months, although a revision took the previous mont...

Canada's Trade Deficit Grows Larger

OTTAWA - Canada's merchandise trade deficit widened in August as import growth outpaced exports in response to softening U.S. demand and a strong loonie, but analysts saw a positive side to Thursday's...

Loonar Eclipse

For snowbirds looking to make their annual sojourn to southern U.S. climates, this recent weakness in the canuck buck couldn't have come at a worse time. My advice for those who are going to be looking to convert Loonies for greenbacks is to stagger those purchases over the next few months.