Canada trade surpluses continue to be led by oil. The problem facing Canada will be the impact of NAFTA being open by USA. There are already trade issues between Canada and USA related to Dairy or Softwood Lumber or Aerospace.

1. MERCHANDISE TRADE –
CANADA – APRIL 2017
BY: PAUL YOUNG, CPA, CGA
DATE: JUNE 2, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. OVERVIEW
• This presentation looks at Canada April 2017 Merchandise
Trade. Trade is about 25% of the GDP for Canada as such it is
important area for the Canadian Economy.

4. HEADLINES
• Bulk of the surplus with the USA is driven by oil
• USA is imposing duties on softwood lumber
• NAFTA is being re-open as President Trump wants to reduce the trade
deficits with countries like Mexico and Canada
• Finished goods like Automotive are leading the finished goods exports.
There are issues with household debt

5. Stats Canada Daily – June 2, 2017

6. Stats Canada Daily – June 2, 2017

7. TOTAL TRADE ANALYSIS
Stats Canada Daily – June 2, 2017

8. APRIL 2017 - TRADE IMBALANCE -
CANADA
Source – Stats Canada – June 2, 2017

9. KEY COUNTRIES / TRADE BALANCE
• Stats Canada – June 2, 2017

10. SCOTIABANK / TRADE
• Scotiabank Economics – June 2, 2017 2Q17 is estimated based on April 2017 resu

11. BMO - ECONOMICS
Source – BMO Economics – June 2, 2017

12. EXPORT DEVELOPMENT CORP
Source – EDC.com

13. EXPORT DEVELOPMENT CORP
Source – EDC.com