Strong Canadian trade, productivity data bolster economic recovery


mentalfloss
#1
Thanks Ontario/minimum wage increases/carbon taxes/Liberals.


Strong Canadian trade, productivity data bolster economic recovery

Canadian exports climbed to a record in April and first-quarter labor productivity approached a three-year high, further evidence that the economy is recovering after a long slump caused by low oil prices.

Statistics Canada said on Friday that the April trade deficit narrowed to $370-million as exports outpaced imports for a second straight month on shipments of motor vehicles and parts.

After struggling for years to adjust to sharply lower prices of crude oil, Canada's economy appears finally to be on a sustainable path to recovery.

In particular, the export sector, long a cause of concern for the Bank of Canada, is showing strength.

For subscribers: Canada's manufacturing rebound shows signs of sticking around

"The Bank of Canada has been looking for that for the length of 2016 but has been largely disappointed, but maybe it is starting to materialize as we move into 2017," said Paul Ferley, assistant chief economist at Royal Bank of Canada.

Exports, which jumped 3.2 per cent in March, increased by 1.8 per cent in April to $47.69-billion. Exports of motor vehicles and parts grew 4.4 per cent while energy shipments posted a 2.5 per cent gain.

"It's a very strong trend... we see this continuing because there is strong U.S. growth," said Ross Prusakowski, a senior economist at Export Development Canada.

Imports also hit a record high, edging up 0.6 per cent to $48.06-billion – the fifth consecutive monthly increase – thanks in part to increased inflows of consumer goods, electronic and electrical equipment and parts.

In a note to clients, CIBC economist Nick Exarhos said "trade is likely to be a more significant source of growth in the second quarter than it has in recent quarters."

https://beta.theglobeandmail.com/rep...service=mobile
 
captain morgan
Bloc Québécois
+1
#2  Top Rated Post
Exports of what?
 
taxslave
Free Thinker
+1
#3
Quote: Originally Posted by captain morgan View Post

Exports of what?

Jobs mostly. And money to third world countries.
As usual flossy has no clue about what his C&Ps mean. The only thing that has increased exports are the low Canadian $$$$ and increased demand for our natural resources.
 
captain morgan
Bloc Québécois
#4
Well said.. Nothing like getting pennies on the dollar for your resources

Damn Dutch Disease!
 
pgs
Free Thinker
#5
Quote: Originally Posted by captain morgan View Post

Exports of what?

Coal oil and lumber .
 
DaSleeper
#6
Quote: Originally Posted by mentalfloss View Post

Thanks Ontario/minimum wage increases/carbon taxes/Liberals.



"It's a very strong trend... we see this continuing because there is strong U.S. growth," said Ross Prusakowski, a senior economist at Export Development Canada.

Imports also hit a record high, edging up 0.6 per cent to $48.06-billion – the fifth consecutive monthly increase – thanks in part to increased inflows of consumer goods, electronic and electrical equipment and parts.

What he means is .......
Thank you Donald Trump....
 
mentalfloss
#7
Quote: Originally Posted by captain morgan View Post

Well said.. Nothing like getting pennies on the dollar for your resources

Damn Dutch Disease!

Notice how I was absolutely right about Dutch disease?

Now eventually petros will come around on subsidies and both of you can find some relief in accepting the truth.

Quote: Originally Posted by DaSleeper View Post

What he means is .......
Thank you Donald Trump....

He was referring to growth in demand for Canadian product.

US GDP growth is actually underperforming thanks to Trump.
 
DaSleeper
#8
It's obvious to everyone but you....
That's what you see looking through your ideological blinders..
 
mentalfloss
#9
I accept your resignation.
 
DaSleeper
#10
Did someone give Avro your password?
 
mentalfloss
#11
Don't get in a car.
 
captain morgan
Bloc Québécois
#12
Quote: Originally Posted by mentalfloss View Post

Notice how I was absolutely right about Dutch disease?

Apparently you are the only one that thinks so
 
mentalfloss
#13
https://www.bloomberg.com/news/artic...political-rout
 
petros
#14
Quote: Originally Posted by mentalfloss View Post

Notice how I was absolutely right about Dutch disease?

Now eventually petros will come around on subsidies and both of you can find some relief in accepting the truth.



He was referring to growth in demand for Canadian product.

US GDP growth is actually underperforming thanks to Trump.

I did? Dropping beets again?

Wow. Australia? Really?
 
mentalfloss
#15
I can send a dictation of the post if you don't understand it.
 
captain morgan
Bloc Québécois
#16
Quote: Originally Posted by mentalfloss View Post

https://www.bloomberg.com/news/artic...political-rout

Dutch Disease was disproven last go-around and that premise is only confirmed via the present econ conditions in Canada today.... Unless, of course, you are suggesting that Dutch Disease is the cause of our current econ woes
 
Jinentonix
No Party Affiliation
#17
The economy doesn't matter, remember?
 
petros
#18
Quote: Originally Posted by mentalfloss View Post

I can send a dictation of the post if you don't understand it.

Sure. Quote me. Read it twice tho to make sure I'm not razzing you.

Quote: Originally Posted by captain morgan View Post

Dutch Disease was disproven last go-around and that premise is only confirmed via the present econ conditions in Canada today.... Unless, of course, you are suggesting that Dutch Disease is the cause of our current econ woes

Statistics Canada says cars, gas and lumber shipments helped grow Canada's trade surplus with America to its highest level in three years.

That doesn't sound good for the environment.
 
mentalfloss
#19
Quote: Originally Posted by captain morgan View Post

Dutch Disease was disproven last go-around..

Apparently not since it's still happening here and Australia.

Lower oil prices are partly keeping the dollar down and exports are up because of it which benefits manufacturing.

But that's fine, it's not really happening to you so it's all gravy and we can keep those oil prices down without building pipelines.
 
petros
#20
Where is the quote flosshole?

Australia exports oil?

No sir. They import oil but boy o boy do they ever crank out the coal.
 
mentalfloss
#21
Sorry, talking to slightly less stupid people now.
 
petros
#22
Quote: Originally Posted by mentalfloss View Post

Sorry, talking to slightly less stupid people now.

How many of you are there?
 
mentalfloss
#23
Your nurse is waiting.
 
petros
+1
#24
She doesn't drop beets.

Exports rose to a record high $47.7 billion, a gain of 1.8 per cent. Shipments of motor vehicles and parts were up 4.4 per cent to $8.1 billion, while exports of energy products increased to $8.8 billion, up 2.5 per cent.

Still waiting on that quote...
 
Jinentonix
No Party Affiliation
#25
Quote:

"It's a very strong trend... we see this continuing because there is strong U.S. growth," said Ross Prusakowski, a senior economist at Export Development Canada.

Wait, strong growth under Trump? Impossible! This report must be propaganda. Fake news, as it were.
 
petros
#26
CIBC economist Nick Exarhos pointed out that while overall shipments of forestry products were up a healthy 4.7 per cent, that was before the U.S. Commerce Department imposed duties on Canadian softwood products ranging from three to 24 per cent.
 
captain morgan
Bloc Québécois
#27
Quote: Originally Posted by mentalfloss View Post

Apparently not since it's still happening here and Australia.

Lower oil prices are partly keeping the dollar down and exports are up because of it which benefits manufacturing.

But that's fine, it's not really happening to you so it's all gravy and we can keep those oil prices down without building pipelines.

The Australian dollar is sooo high that it's causig inflation?... Who knew it?

PS - when you inform the Aussie gvt about this, please be gentle as it will come as a huge surprise

Quote: Originally Posted by petros View Post

She doesn't drop beets.

Exports rose to a record high $47.7 billion, a gain of 1.8 per cent. Shipments of motor vehicles and parts were up 4.4 per cent to $8.1 billion, while exports of energy products increased to $8.8 billion, up 2.5 per cent.

Still waiting on that quote...

You're attempting to apply some logic to Flossy's ideo-tard logic.

Wasting your time bud
 
petros
#28
Somehow we saw $8.8B increase in OG&C with prices being low.

Tulips

Australia doesn't export oil.
 
White_Unifier
#29
Any government can grow the economy on debt. The trick is to sustain that growth.
 
captain morgan
Bloc Québécois
#30
Quote: Originally Posted by White_Unifier View Post

Any government can grow the economy on debt. The trick is to sustain that growth.

Not rocket science.... Business friendly enviro that attracts foreign direct investment.

Start with lowering the corp and personal taxes and easing the restrictions on development (relative to the jurisdictions you compete with)... De-complicate the regulatory enviro and you'll have billions beating a path to your door.
 

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