There wasn’t much to cheer about in January’s trade report. Not only did the merchandise deficit widened, but it did so thanks to a sizable drop in exports, Jocelyn Paquet from National Bank of Canada Financial Markets informs. Key quotes “Canada’s merchandise trade deficit widened more than expected in January, coming in at C$1.47 billion from a revised C$0.73 billion.” “Nominal exports shrank 2.0%, while nominal imports retraced 0.5%.” “Rail blockades are likely to crimp goods exchanges in February. Add to that the disruptions associated with the coronavirus and you get a fairly bleak picture for trade. The recent drop in commodity prices will do nothing to help Canadian exporters.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WH adviser Kudlow: Considering immediate fiscal measures, separate from tax cuts FX Street 3 years There wasn’t much to cheer about in January’s trade report. Not only did the merchandise deficit widened, but it did so thanks to a sizable drop in exports, Jocelyn Paquet from National Bank of Canada Financial Markets informs. Key quotes “Canada’s merchandise trade deficit widened more than expected in January, coming in at C$1.47 billion from a revised C$0.73 billion.” “Nominal exports shrank 2.0%, while nominal imports retraced 0.5%.” “Rail blockades are likely to crimp goods exchanges in February. Add to that the disruptions associated with the coronavirus and you get a fairly bleak picture for trade. The recent drop… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
