Canadian Exports Finished 2010 with 10.8 percent Surge to U.S.
03/09/2011
Statistics Canada finds that December exports from Canada to the rest of the world rose 9.7 percent and represented a $3 billion cushion. Canada's exports to the United States increased by 10.8 percent. The United States is Canada's top trading partner.
"Stimulus, plus higher growth on the consumption side and America's success in exporting to the rest of the world, have contributed to a momentum in the U.S. that, I believe, Canadian exporters are going to capitalize on," said Peter Hall, vice president and chief economist at Export Development Canada. "It's going to be good for overall world growth as well."
A 25 percent rise in energy sales led Canada's export surge.
U.S. exports performed well in December 2010, too. Imports still outperformed exports, but U.S. exporters had their best month since July 2008, signaling demand from China and other emerging markets and continued economic recovery.
Project Announcements
Meta Platforms Plans Montgomery, Alabama, Data Center Operations
05/06/2024
Crystal Window & Door Systems Plans Selma, North Carolina, Production Operations
05/06/2024
China-Based Green New Energy Materials Plans Denver, North Carolina, Battery Component Operations
05/06/2024
NewCold Plans Coaldale, Alberta, Cold Storage Operations
05/06/2024
Motis Relocates-Establishes Escanaba, Michigan, Operations
05/03/2024
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024