U.S. and Canadian trade balances

Market Disturbances

May 3, 2018

Share prices fell late yesterday in the wake of an FOMC statement that reinforced the possibility of faster, rather than slower, rate hike normalization. Overnight in the Pacific Rim, Japan’s string of Golden Week holidays resumed with Constitution Day, but stocks elsewhere fell 2.6% in Indonesia, 1.4% in Hong Kong, 1.1% in Singapore, 0.6% in […] More

Fear Time

February 6, 2018

FDR famously declared that the only thing we have to fear is fear itself, and markets have been finding plenty of that since share prices crested at the end of the week ending January 26th. The DOW is already down nearly 1% today and has dropped 9.2% in just over six sessions. Tuesday equity losses […] More

Dollar and Sterling Strengthen but Oil Steps Back

December 6, 2016

The dollar is unchanged against the pound but up 0.4% against the yen, loonie, kiwi and Australian dollar. The U.S. currency also rose 0.2% overnight relative to the euro and Swiss franc. An appeal is being heard in British courts regarding the legality of leaving the EU based solely on a voter referendum. Sterling has […] More

U.S. and Canadian Trade Figures in 2011

February 10, 2012

U.S. exports of goods and services leaped 33.6% between 2009 and 2011.  Last year’s census-basis merchandise trade deficit widened $91.4 billion, or 14.4%.  Growth in the bilateral deficit with the euro area accounted for 25.0% of the overall deficit’s incremental growth last year, marginally more than the 24.5% share of additional deterioration attributable to trade […] More

North American Data

June 9, 2011

The United States and Canada released April trade figures.  The headline U.S. goods and services deficit looked encouraging, contracting $3.1 billion or 6.7%, but the census-basis merchandise trade shortfall only narrowed $15 million (0.03%) and was concentrated in an 11.5% decline in the deficit with OPEC.  The deficit with China was $3.5 billion wider in […] More

U.S. and Canadian Trade Figures

March 10, 2011

The U.S. and Canadian trade balances, which oftentimes move in opposite directions on a month to month basis, each worsened in January.  Each country experience very strong import expansion. The U.S. goods and services deficit of USD 46.341 billion was the largest since last June, 15.1% wider than December’s imbalance and 33.8% greater than the […] More