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In January, Canada’s trade deficit amounted to 4 billion 200 million US dollars, having decreased from the December level of 4 billion 800 million dollars. Exports grew for the first time since July 2018, reaching 47 billion 600 million dollars. Its growth was at the level of 2.9%. The indicator, which does not take into account energy supply, increased by 1.2%. In January, energy exports showed growth for the first time after monthly reductions over 5 months, mainly due to a 36.5% increase in exports of crude oil, prices for which increased by 36%. The volume of imports increased by 1.5% to 51 billion 800 million dollars. Import of transport equipment, including aircraft, and spare parts showed an increase of 52.6%, reaching a record figure of $2,700 million.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
Britain’s retail industry encouraged UK and EU negotiators to arrive at a post-Brexit trade deal. This came after the retail industry stated that consumers will endure higher prices from next year if a tariff-free trade is not guaranteed. Thousands ...
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