"Exports to the United States in October accounted for 67.3 per cent of all exports, the lowest non-pandemic level since the current method of data calculation was established in 1997. The value of items sent from Canada to the U.S. dipped by 4.1 per cent while imports increased by 5.3 per cent. As a result, Canada's trade surplus with its neighbour fell to $4.8 billion from $8.4 billion in September, months after U.S. President Donald Trump imposed tariffs on a raft of imports from Canada and Prime Minister Mark Carney stressed the need for trade diversification."
"After falling 4.3 per cent in September, the value of total imports rose 3.4 per cent in October. Imports of electronic and electrical equipment and parts jumped 10.2 per cent, pushed up by record shipments of computers and computer peripherals. Exports edged up by 2.1 per cent on strength in demand for unwrought gold, silver and platinum group metals and their alloys. Excluding this product group, total exports fell 2.5 per cent."
In October, exports to the United States comprised 67.3 percent of all Canadian exports, the lowest non-pandemic share since 1997. Exports to the U.S. fell 4.1 percent while imports rose 5.3 percent, narrowing the bilateral surplus to $4.8 billion from $8.4 billion in September. Overall, Canada recorded a smaller-than-expected national trade deficit of $583 million in October as imports grew faster than exports. Total imports rose 3.4 percent after a September decline, led by electronics and computer shipments, while exports gained 2.1 percent largely on unwrought precious metals; excluding those metals, exports fell 2.5 percent.
Read at www.cbc.ca
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