Exporters overcome high dollar in showing growth

Avatar photo

OTTAWA, Ont. — Canadian merchandise exporters finished 2003 on a positive note, reporting a 3.6% gain in their shipments abroad for December, despite a Canadian dollar that hit decade-high levels, Statistics Canada reports.

Total imports edged up 0.7%, their second consecutive monthly rise.

Canadian companies exported $33.4 billion in goods in December, led by strong automotive exports, which accounted for nearly one-half of the total gain in foreign-bound goods. Total imports reached $28.0 billion on strong energy imports.

Except for a decline in trade with the European Union, export and import values increased with every major trading region.

The United States purchased $27.1 billion worth of Canadian merchandise in December, up 2.1% from November. In turn, Canada imported $19.5 billion from south of the border, up 0.6%.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.