Canadian Exports a Car Crash, Will Loom Over November NAFTA Negotiations — Panjiva
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Canadian Exports a Car Crash, Will Loom Over November NAFTA Negotiations

Canada 529 Cons. Discr. - Autos 1247 Energy - Conventional 468 Energy - Crude Oil 311 Energy - Natural Gas 164 Trade Balance 935 Trade Deals 1017 U.S. 5399 USMCA 462

Canada’s trade growth remained anemic in September, with exports increasing by just 0.3%, with imports falling for the first time since January. Exports to the U.S. were unchanged, while imports from the U.S. actually increased by 1%. The auto industry was the main culprit, with exports of completed vehicles having dropped by 26%. That’s surprising given U.S. auto sales remain robust, and suggests a marked loss of market share to Asian manufacturers. This data won’t help smooth the path at NAFTA talks. The U.S. remains fixated on its trade deficit with Canada and Mexico. However, strippi...

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