Canada skids on oil as exports fall across the Americas — Panjiva
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Canada skids on oil as exports fall across the Americas

Canada 529 Mexico 928 Trade Balance 935 U.S. 5399

Canada’s international trade in goods fell by 9.3% year over year in March, the fastest decline since November 2009. An 8.8% drop in exports was likely due in part to lower oil prices where weaker demand resulting from COVID-19 disruptions and a shortage of storage are still weighing. Canada’s downturn was faster than that seen in the U.S. and Mexico, with trade in the region likely to be complicated from July by the entry-into-force of the U.S.-Mexico-Canada Agreement. Exports across the Americas fell by 5.5% in March, including a 15.9% slide in Argentina as well as declining trade in C...

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