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TRADE - CANADA – MAY
2017
BY: PAUL YOUNG, CPA, CGA
DATE: JULY 6, 2017
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
SUMMARY
• Canada's merchandise trade deficit with the world reached $1.1 billion in
May, up from a $552 million deficit in April. Imports rose 2.4% to $49.8
billion, led by an increase in aircraft imports. Exports were up 1.3% to
$48.7 billion on account of higher unwrought gold exports.
• Canada's trade activity has been strong in recent months, with imports
and exports both reaching record highs, resulting in a total trade value
of $98.5 billion in May. This represents a 13.8% increase over the same
month last year.
Source – Stats Canada – July 5, 2017
Source – Stats Canada – July 5, 2017
CANADA TRADE BY SECTOR
Source – Stats Canada – July 5, 2017
CANADA TRADE SURPLUS(DEFICIT) BY
COUNTRY
Source – Stats Canada – July 5, 2017
BMO/TRADE ANALYSIS
Source – BMO Economics – July 6, 2017
KEY SECTOR/COUNTRIES
• Source – Export Development Corporation
KEY SECTOR/PROVINCES
• Source – Export Development Corporation
GLOBAL FORECAST
• Scotiabank – July 6, 2017

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Trade - Canada - May 2017

  • 1. TRADE - CANADA – MAY 2017 BY: PAUL YOUNG, CPA, CGA DATE: JULY 6, 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. SUMMARY • Canada's merchandise trade deficit with the world reached $1.1 billion in May, up from a $552 million deficit in April. Imports rose 2.4% to $49.8 billion, led by an increase in aircraft imports. Exports were up 1.3% to $48.7 billion on account of higher unwrought gold exports. • Canada's trade activity has been strong in recent months, with imports and exports both reaching record highs, resulting in a total trade value of $98.5 billion in May. This represents a 13.8% increase over the same month last year.
  • 4. Source – Stats Canada – July 5, 2017
  • 5. Source – Stats Canada – July 5, 2017
  • 6. CANADA TRADE BY SECTOR Source – Stats Canada – July 5, 2017
  • 7. CANADA TRADE SURPLUS(DEFICIT) BY COUNTRY Source – Stats Canada – July 5, 2017
  • 8. BMO/TRADE ANALYSIS Source – BMO Economics – July 6, 2017
  • 9. KEY SECTOR/COUNTRIES • Source – Export Development Corporation
  • 10. KEY SECTOR/PROVINCES • Source – Export Development Corporation
  • 11. GLOBAL FORECAST • Scotiabank – July 6, 2017