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
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024