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View the most recent version. Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available. The Canadian dollar reached parity with the U.
The dollar also appreciated against three other currencies important to international traders: Other factors had an impact on merchandise trade, such as rising commodity and energy prices and the housing slowdown in the United States. Without the energy sector in , Canada would have had a trade deficit with the world. The trade surplus in industrial goods and materials, as well as in agricultural and fishing products, grew in , but the trade surplus in forestry contracted.
Trade in automotive products slipped into deficit for the first time since This was the smallest trade deficit with countries other than the United States since Sharply higher commodity prices since have helped to lift the loonie: A slowing American economy in was largely confined to housing, autos and the financial sector. Energy prices and trade volumes have grown, while the influence of other sectors like forestry and autos has declined. Automotive and forestry products were the exceptions, as the depressed U.
Forestry was also challenged by the mountain pine beetle, the strong loonie, labour disputes, and adjusting to the new softwood lumber agreement. Automotive exports have been declining since The export value of metal ores and alloys has been rising annually since , largely due to higher prices. In , industrial demand from Asia propelled prices for a wide range of primary metals to record levels.
Demand from China for potash-based fertilizers rose; global potash supplies dwindled and Saskatchewan mines resumed production.
The prices of imports fell, but record volumes pushed up the value of imports. Imports of agricultural and fishing products hit a record high in Energy imports were up for a fifth straight year. Machinery and equipment imports were strong, as industrial and agricultural machinery continued to pour into the robust economy of Western Canada to support mining, exploration and farming activities.
Aircraft, engines and parts imports rose as airlines and the military built up fleets and switched to more fuel-efficient planes.
Imports of cars and trucks have risen in recent years, but the same cannot be said for vehicle parts. The trading patterns of Canadian companies have recently shifted. Uranium exports to Europe nearly tripled in Exports of oil drilling platforms increased to the United Kingdom.
Imports of pharmaceutical products from Europe have doubled in the last five years. Skip to content Skip to institutional links. Page content follows International merchandise trade View the most recent version. Archived Content Information identified as archived is provided for reference, research or recordkeeping purposes.
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