Recent Trade News
Statement On The Passing Of Glen Todd
Mar 29, 2022
General Strike At Port Of Montreal Set To Begin Next Week
Apr 23, 2021 CSCB
Regulation Update To Pet Foods From The US
Apr 09, 2021 CFIA
Minister Ng announces Canada is ratifying the Canada-United Kingdom Trade Continuity Agreement
Mar 19, 2021 Global Affairs Canada
Importing Food Into Canada With A Safe Food For Canadians Licence
Mar 15, 2021 CFIA
Reminder: Importing food into Canada with a Safe Food for Canadians licence
Feb 17, 2021 CFIA
Safe Food For Canadians Licence Renewals
Jan 08, 2021 CFIA
Statement By Minister Ng On Canada’s Request For CUSMA Dispute Settlement Consultations With United States On Canadian Solar Products
Jan 07, 2021 Global Affairs Canada
Canada Announces Steps To Ensure Stability For Canada-United Kingdom Trade In Goods
Dec 22, 2020 Global Affairs Canada
Minister Ng Introduces Legislation In House Of Commons To Implement Canada-United Kingdom Trade Continuity Agreement
Dec 09, 2020 Global Affairs Canada
Implementation Of Chapters Of The Animal Products Import Policy Framework
Dec 02, 2020 CFIA
Canada Successfully Concludes Talks On Transitional Trade Continuity Agreement With The United Kingdom
Nov 21, 2020 Global Affairs Canada
Updated Requirements For Importing Organic Fresh Fruits And Vegetables
Oct 02, 2020 CFIA
New And Temporary Import Requirements On Romaine Lettuce
Oct 02, 2020 CFIA
U.S. Backs Down On Aluminum Tariffs
Sep 16, 2020 Pacific Customs Brokers
Canadian Tariffs On U.S. Products Coming Within Days
Sep 15, 2020 CSCB
Additional Organic Produce Import Requirements
Sep 10, 2020
Longshoremen Return To Work At The Port Of Montreal As Negotiations Continue
Aug 24, 2020
Port Of Montreal Labour Disruption – Vessel Options
Aug 19, 2020
72-Hour Strike From July 27 to 31 At Port Of Montreal
Aug 10, 2020
Canada Retaliates With New Surtaxes Imposed On Goods Imported From The U.S.
Aug 07, 2020
U.S. Imposes A 10% Duty On Canadian Aluminium Effective August 16th, 2020
Aug 06, 2020 Pacific Customs Brokers
Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
Aug 04, 2020 CFIA
Reminder On SFCR Requirements For The Manufactured Food Sector
Jul 10, 2020 Pacific Customs Brokers
Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
Jun 29, 2020 CFIA
Read More News »
World Trade: On the Mend?
EDC Sep 01, 2015
Canada had a blockbuster export month in June. We just got the data last week, and are still savouring the message. It broke a pretty sluggish trend, with exports rising in 9 of 11 industries and in all except one province. It’s just one month, but even so that’s a pretty strong performance. So, where did it come from? Good question – we’re curious too.
The big story was exports to the US. This was a very positive surprise, because the US data hasn’t been great this year. Weather, sentiment and a West Coast port strike held things back in the first quarter, and second-quarter economic activity wasn’t as sparky as we hoped for. But the US wasn’t the only story; we did well in the UK, and more generally in the EU – and the results would have been even more impressive without a particularly large one-time drop in Canada’s exports to Switzerland. Even our trade with China showed improvement. Are Canada’s results signaling a pick-up in global trade, or are we simply capitalizing on a cheaper currency?
If it was just a dollar thing, I’m not sure our export performance in June would have done well outside of the US. Many other currencies have depreciated against the greenback over the same timeframe, nixing any direct bilateral trade benefit to Canada. Is our summer surge just a one-off, or is something more sustainable in the works for global demand?