“I only see good news for the trucking sector”: BC economist
KELOWNA, BC - Canada's economy appears to face a "tsunami" of risks and concerns, but Ken Peacock continues to project a growing economy for British Columbia -- and ongoing growth for the trucking industry that serves it. "I only see good news for the trucking sector," said the vice president and chief economist of the Business Council of British Columbia, during the annual meeting of the BC Trucking Association. He's bullish on the potential growth because of factors such as exports to both the U.S. and other provinces, increasing construction, strong consumer spending, and rising activity in the Pacific Gateway.
Mexico’s trucking industry a world apart
BANFF, AB - Mexico has clearly realized the benefits of the North American Free Trade Agreement. The southernmost member of the trading block is now Canada's third-largest trading partner, behind only the U.S. and China. "It has been good to us. It has been good to our economy," says Rogelio F. Montemayor Morineau, president of the 5,000-member Canacar - Mexico's national trucking association, referring to the trade deal. It has clearly played a role in the Canadian economy, too.
Exports and imports rose in December
OTTAWA, ON - Canada recorded a trade surplus for the second consecutive month in December, with exports up 0.8% on the strength of higher energy products, and imports up 1%, largely on increases in aircraft and industrial machinery, Statistics Canada reports. But in terms of volumes, exports were down 1.4% because of drops in metal ores, non-metallic minerals, motor vehicles and parts. Import volumes were up 0.4%, based largely on industrial machinery, equipment and parts.