Take a look at today's current account report from Statistics Canada to see why Goldman Sachs Group Inc. recommends shorting the loonie.
... the Wall Street giant forecasts the Canadian dollar will sink to 88 cents U.S. One of its reasons is that Canada has been running a current account deficit.
There are other reasons, but that one tops the list.
The Honourable Ed Fast, Minister of International Trade, today released a new trade plan that reflects the changing global landscape, focuses on core Canadian strengths, aligns Canada’s trade, development and foreign policy tools to advance commercial interests around the world, and sets concrete targets to grow the presence of Canada’s small and medium-sized enterprises (SMEs) in emerging mark
The Canadian economy is expected to gather steam next year as demand from the U.S. spurs exports and investment, the International Monetary Fund said Wednesday.
The IMF pegs Canadian growth at 2.25 per cent next year following modest growth of 1.6 per cent this year as exports and business investment "disappointed."
The following is available on the CBSA website:
Memorandum D15-2-63, Certain Steel Piling Pipe Originating In or Exported From the People's Republic of China
http://www.cbsa-asfc.gc.ca/publications/dm-md/d15/d15-2-63-eng.html
The following is available on the CBSA website:
Memorandum D15-2-64, Certain Carbon Steel Welded Pipe Originating In or Exported From Chinese Taipei, the Republic of India, the Sultanate of Oman, the Republic of Korea, Thailand, the Republic of Turkey and the United Arab Emirates
