Canada imports more consumer goods, trade deficit up – breitbart

Canada imports more consumer goods, trade deficit up - breitbart up from the

Canada’s trade deficit widened to Can$1 billion (US$980 million) in Feb as imports of consumer goods arrived at an archive high, the government’s record agency stated Friday.

The eleventh consecutive monthly deficit was up from the revised Can$746 million (US$731 million) in the last month, statistically Canada.

Exports decreased to Can$38.5 billion (US$37.7) while imports edged as much as Can$39.5 billion (US$38.7 billion).

Exports of unwrought gold and silver and rare metal alloys, communications and video and audio equipment in addition to electronic and electrical parts fell.

Lower volumes of dyes and pigments, petrochemicals as well as fundamental chemicals were partly offset by greater exports of lubricants along with other oil refinery products.

The amount of passenger cars and lightweight trucks shipped abroad also rose.

Meanwhile, imports of lubricants along with other oil refinery products, passenger cars and lightweight trucks, automobile engines and automobile parts, fundamental chemicals, as well as fertilizer, pesticide along with other chemicals rose.

Imports of consumer goods also rose 2.3 % to some record a lot of Can$8. billion (US$7.8 billion).

However oil and crude bitumen imports declined.

Exports towards the U . s . States decreased while imports were up, pushing Canada’s trade surplus using its largest buying and selling partner from Can$3.9 billion (US$3.8 billion) in The month of january to Can$3.4 billion (US$3.3 billion) in Feb.


Imports, Exports, and Exchange Rates: Crash Course Economics #15


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Jack Aaron: I think it unwise to claim these people are in the 'small' minority. A minority, sure, but I doubt it's a small one. There's certainly enough of these people to have some democratic clout. It is important to note that there is little provided to help people who have been in this kind of manufacturing for multiple generations to transfer to another job, let alone one as high-paying as that which they had dedicated their careers to. If a person had been a horse-carriage builder all their life, and didn't want car-makers from some other location to outcompete them, they could vote for the candidate offering to stop it, and the candidate would be justified to follow through with stopping it. This is not to say I think the personal good outweighs the greater good, only that one cannot simply inflate the greater good to making everyone better off in every way that matters to them.锘

shakka mannaka: +Jack Aaron They are in a very small minority, seeing as the only people who have really stagnated over the past 20-30 years are certain parts the industrial midwest. The reason I can make this claim with such certainty, is that we have income-statistics. And when we look at incomes for different sub-groups of Americans, adjusted for inflation using an index that adjusts for known biases in the CPI (Economists have for a long time believed that the CPI-U-RS is known to overstate inflation by between 0.8-1.3% percentage points per year: and adjusts for changes in the composition of private and public benefit-structures, we find a picture that looks radically different from the one espoused by Donald Trump and Bernie Sanders. Median disposable personal income adjusted for the chained-CPI is 70% above its 1980-level. The poverty-rate (adjusted for changes in the public tax&benefit-structure, increased private charity) adjusted for the CLE-deflator (the index recommended by the boskin-commision) was down to zero in 2007 and now stands at about 2% (the legacy of the financial crisis). Now, it is true that certain areas and cities of the country has suffered greatly in the face of foreign competition and technological change (Detroit, Western Pennsylvania etc.), but these people used to be far richer than the average American (the average industrial wage in Detroit in 1970 was 27% higher than that of comparable workers in the rest of the country), but those people comprise about 5% of the population (coincidentally that was all Trump needed to win the presidency). You do make a good point in saying that we need to spend more on retraining people for different jobs, but that is a topic for a different day.锘

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Ted Bark: It's funny that he said our largest trade partner is Canada when China surpassed them like a week ago.锘

Warrior Son: When the video was made they probably thought WW3 would've broken out by now…causing Canada to regain its position.锘

Daniel Billotti: Warrior Son you think Canada would try to goto with anyone?锘