The Balance of Trade in Canada measures the difference between the value of its exports and imports of goods and services. It is crucial for the economy as a trade surplus indicates more exports than imports, contributing positively to GDP, while a deficit can imply the opposite. This metric is significant for financial markets as it influences currency value, investor confidence, and monetary policy decisions. For Canada, a country heavily reliant on natural resources, shifts in global commodity prices can significantly impact its trade balance.
The Balance of Trade in Canada measures the difference between the value of its exports and imports of goods and services. It is crucial for the economy as a trade surplus indicates more exports than imports, contributing positively to GDP, while a deficit can imply the opposite. This metric is s...