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US and Canada Manufacturing and Trade: June 2015
Canadian exports surged 6.3 per cent in June, according to Statistics Canada Wednesday, while imports fell slightly by 0.6 per cent, narrowing Canada’s trade deficit sharply to just under $0.5-billion. In the US, the Institute for Supply Management said also Wednesday its services sector index rose to 60.3, the highest reading since August 2005, a…
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Supercalendered Paper Export Duty
In an ominous foreshadowing of what is to come for Canada’s softwood lumber producers, the United States Department of Commerce Thursday issued a preliminary ruling that Irving Paper’s Port Hawkesbury, NB, supercalendered paper exports into the US, along with those of several other Canadian companies, were being unfairly subsidized. That followed a preliminary finding last…
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Canada/US Softwood Lumber Trade
Russ Cameron, president of the Independent Wood Processors Association of BC, told The Working Forest on April 17 that BC’s value added wood processors are being “decimated” by big lumber. In an email to Madison’s Thursday, Cameron provided context, saying: there is no more growth for commodity wood products but lots of opportunity for value…
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Canadian Economic Accounts: 1Q and March 2015
Real gross domestic product (GDP) in Canada decreased 0.1 per cent in 1Q, following growth of 0.6 per cent in 4Q 2014. This was the first negative growth rate of real GDP since 2Q 2011. On a monthly basis, real GDP by industry fell 0.2 per cent in March. Final domestic demand fell 0.4 per…
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Canada Wholesale Trade
Wholesale sales rose 0.8 per cent to $53.9 billion in March after two consecutive monthly declines, said Statistics Canada Wednesday. Higher sales were recorded in five of seven subsectors, accounting for 66 per cent of total wholesale sales. In volume terms, wholesale sales increased 1.0 per cent. Following two consecutive monthly declines, the building material…
