Cnd export-imports slip after consecutive gains
OTTAWA – Lower volumes of automotive products and energy products caused Canada’s merchandise exports and imports to fall in February.
After four consecutive months of growth, exports fell 4.9 percent to $35.9 billion while imports decreased 4 percent to $35.8 billion, Stats Canada reports.
Although volumes declined in all sectors, energy products (-8.1%) and automotive products (-12.4%) were the main contributors.
As was the case with exports, falling volumes of automotive products (-12.4%) and energy products (-12.7%) accounted for most of the decline.
Imports from the U.S. specifically fell 6.1 percent, while exports dipped 3.5 percent.
Exports to countries other than the U.S. fell 8.5 percent, mostly a result of lower exports of precious metals to the European Union.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.