Transport Topics on Nostr: Canada Trade Surplus With US Narrows as Tariff Fight Looms ========== Canada's trade ...
Canada Trade Surplus With US Narrows as Tariff Fight Looms
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Canada's trade surplus with the U.S. narrowed to C$6.2 billion in October from C$7.9 billion in September; total trade deficit reached C$924 million ($658 million) in October, marking the eighth consecutive month of imports exceeding exports; total exports rose 1.1% led by gold, while imports increased by 0.5%; President-elect Donald Trump threatens 25% tariffs on Canadian goods, raising concerns among officials and businesses; Canada’s surplus with the U.S. was about $72 billion over the past 12 months; a 25% tariff could reduce Canada's GDP by 2.6% annually; October's export increase was driven by a 20.9% rise in gold shipments; trade relationship valued at $2.6 billion daily; uncertainty looms over future trade prospects.
#Canada #Us #Trade #Tariffs #Trump #Economy #Exports #Imports #Gold #Gdp
https://www.ttnews.com/articles/canada-trade-surplus
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Canada's trade surplus with the U.S. narrowed to C$6.2 billion in October from C$7.9 billion in September; total trade deficit reached C$924 million ($658 million) in October, marking the eighth consecutive month of imports exceeding exports; total exports rose 1.1% led by gold, while imports increased by 0.5%; President-elect Donald Trump threatens 25% tariffs on Canadian goods, raising concerns among officials and businesses; Canada’s surplus with the U.S. was about $72 billion over the past 12 months; a 25% tariff could reduce Canada's GDP by 2.6% annually; October's export increase was driven by a 20.9% rise in gold shipments; trade relationship valued at $2.6 billion daily; uncertainty looms over future trade prospects.
#Canada #Us #Trade #Tariffs #Trump #Economy #Exports #Imports #Gold #Gdp
https://www.ttnews.com/articles/canada-trade-surplus