Canada Imports

Imports in Canada increased to 42057.20 CAD Million in February of 2014 from 41204.60 CAD Million in January of 2014. Imports in Canada is reported by the Statistics Canada. Imports in Canada averaged 17809.75 CAD Million from 1971 until 2014, reaching an all time high of 42057.20 CAD Million in February of 2014 and a record low of 1112 CAD Million in January of 1971. Canada imports mostly machinery and equipment, motor vehicles and parts, electronics, chemicals, electricity and durable consumer goods. Canada’s main imports partners are: United States, European Union, China and Mexico. This page provides - Canada Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
42057.20 41204.60 42057.20 1112.00 41736.78 | 2014/03 1971 - 2014 CAD Million Monthly


Canada Imports

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-07 01:30 PM Canada
Jan 2013 CAD 39295M CAD 38505M

Trade Last Previous Highest Lowest Forecast Unit
Current Account -16009.00 2013-11-15 -14800.00 12223.00 -19565.00 -15309.88 2014-03-31 CAD Billion [+]
Capital Flows -2.00 2013-11-15 -4.00 19.00 -672.00 2.93 2014-03-31 CAD Million [+]
Crude Oil Production 3822.00 2013-12-15 3468.00 3822.00 955.00 Thousands Barrels per Day [+]
External Debt 602.44 2013-06-30 583.58 602.44 15.00 604.06 2013-12-31 CAD Billion [+]
Foreign Direct Investment 132.00 2013-11-15 -546.00 3406.00 -2013.00 -225.64 2014-03-31 CAD Million [+]
Gold Reserves 2.99 2013-12-31 3.05 46.19 2.99 Tonnes [+]
Terms Of Trade 98.60 2014-02-15 98.60 110.30 81.20 98.83 2014-03-31 Index Points [+]
Current Account to GDP -3.20 2013-12-31 -3.40 2.70 -4.20 -3.17 2014-06-30 Percent [+]
Balance of Trade 289.70 2014-02-15 -340.00 8524.80 -2902.90 -247.88 2014-03-31 CAD Million [+]
Exports 42346.90 2014-02-15 40867.90 44538.30 1366.00 42037.27 2014-03-31 CAD Million [+]
Imports 42057.20 2014-02-15 41204.60 42057.20 1112.00 41736.78 2014-03-31 CAD Million [+]

Imports | Notes
An import is any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country. Import of goods normally requires involvement of the Customs authorities in both the country of import and the country of export and is often subject to import quotas, tariffs and trade agreements.


Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
Canadian Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Canadian jobless rate fell to 6.9 from 7.0 percent in the previous month and 7.2 percent a year earlier. Employment increased by 42,900, driven by gains among youths, compared with a loss of 7,000 jobs in February.
Canadian Trade Balance Turns to a CAD 290 Million Surplus  
Trade balance in Canada recorded a surplus of CAD 290 million in February of 2014, following a CAD 337 million deficit in January, as exports grew 3.6 percent and imports were up 2.1 percent. Motor vehicles and parts, and energy products improved exports, while imports increased for energy products.
Canada Inflation Rate Slows in February  
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January.
Canada Trade Deficit Narrows Sharply in January  
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent.
Canada Unemployment Rate Steady at 7%  
In February of 2014, Canada's jobless rate remained unchanged at 7 percent. There has been little overall employment growth in Canada since August 2013.
Canada Leaves Monetary Policy Unchanged  
At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
Canadian Economy Resilient in Q4  
In the last three months of 2013, Canada’s GDP advanced 0.7 percent on a quarter-on-quarter basis, the same rate recorded in the preceding quarter. The annualized growth rate was recorded at 2.9 percent, better than 2.7 percent in the third quarter.
Canada's Current Account Deficit Widened in Q4  
Canada's current account deficit increased by CAD 1.2 billion to CAD 16.0 billion in the fourth quarter of 2013. It is the highest deficit in the last five quarters, as exports fell due to lower crude oil prices and imports rose.


US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.

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