Saturday, February 16, 2008

Canada's Trade Surplus

“Canada's trade surplus narrowed last month,” “That's not good!” we’ve come to be self-proclaimed loonie lovers.
Canada's trade surplus narrowed to C$2.4 billion in December, as exports slowed. “That’s the smallest trade surplus Canada has posted since November 1998,” “This trade report drives home the point that the head winds from the slowdown in the U.S. are filtering into the growth outlook for Canada. And probably gives a green light to the Bank of Canada to cut rates again soon.
“This news won't carry through as good for the loonie. So... be careful there. Yes, commodity prices are still rising and that puts a floor under the loonie. But you'd hate to see it fall to the floor!”

No comments: