skip to main content
Briefing

Canada: Exports

Appears in: North America, Macroeconomy, Canada, Current Account, International Trade and Globalization, Trade and External Balance

Critical Issues

Background:

Canada's economy is heavily dependent on exports, which amount to roughly 45% of GDP. The United States is Canada's most significant trading partner, accounting for over 70% of Canadian exports. Canada leading exports are petroleum products, automobiles and auto parts, lumber, and aluminum. The country's balance of trade was positive by a significant margin from 2006 to mid 2008 as high commodity prices boosted exports. However, the strength of the Canadian dollar also boosted imports and weakened non commodity exports.  Through 2009, however, Canada's trade balance was roughly even, or even slightly negative in some months as trade fell. Since exports, and particularly exports to the United States, are such a major driver of the Canadian economy, economic turmoil in the United States took a heavy toll on Canada, contributing to a growth contraction in H1 2009.

Access to this content is restricted to RGE clients.

If you have a client code, please enter it here to activate your client account.

Click here for a free trial.

Learn About Our Services:

RGE Research

Our dynamic and intuitive macroeconomic research platform keeps you on top of the extraordinary shifts that transform our global economy, allowing users to uncover unique connections and insights. Discover the resource central banks and that 70% of the world's leading hedge funds, asset managers, PE firms, banks and corporations around the world depend on.

Our market strategists build on the work of our macroeconomic research team, incorporating market dynamics to answer crucial questions and generate actionable investment recommendations. RGE's Market Research and Strategy team gives clients actionable insight across six key asset classes:

• Currencies • Commodities
• Credit • Equity • Gov’t Bonds / Rates
• Emerging Markets • Financials
• Cross Asset Model Portfolio

RGE Strategy

Sometimes, reading research is not enough. Many RGE clients participate at the Roubini Direct Access level to gain a deeper understanding of specific issues. Through interactive live sessions, we engage with world-class thinkers, encourage knowledge sharing, idea generation, risk identification and validation of client initiatives.

Learn More »

For information on becoming an RGE Client, please speak with an RGE Representative in New York at +1 212-645-0010, or in London at +44 (0) 207 092 8850, or email americas@roubini.com for the Americas, europe@roubini.com for Europe, the Midddle East and Africa, and asia@roubini.com for Asia/Pacific.

Publications

Our Research
?

Our Thoughts
?

Outlook Center
?

Central Bank Watch
?

Key Views
?

Scenario Analysis
?
RGE Clients can activate their account by updating Manage My Account

Top 10 Most Read

Global Macro-Market Outlook
1. Macro-Market Overview: May 2013
Our Research
2. The Battle for Crude Oil’s Risk Premium
Our Thoughts
3. The fall in China’s Flash PMI and 2013 growth prospects
Our Thoughts
4. The selloff in Japanese equity
Our Research
5. Europe’s Playbook for Financial Crises
Our Research
6. Debt and Deleveraging: Will China Turn Japanese?
Our Thoughts
7. Downplaying the hawkish signal in the April FOMC meeting minutes
Our Thoughts
8. More thoughts and observations from Japan's Q1 GDP numbers last week
Our Research
9. Recent U.S. Data Signals Suggest Slow and Steady Activity
Our Thoughts
10. Why SOE reform is off the agenda in China

ROUBINI FEEDBACK FORUM

What Do You Think?
Weigh in on Roubini.com's new look or report any problems you encounter.

Website Feedback Content Feedback