As some 88 per cent of the total exports of Canadian small businesses and 96 per
cent of the exports of medium - sized businesses go the U.S., the overall negative impact on jobs and the economy could be dramatic.
Not exact matches
Household purchases account for 57 per
cent of Canadian GDP, a rising share
of economic activity since the Great Recession
of 2008 because business - to - business purchases, business investment and
exports haven't found their mojo since.
Idaho's
exports to China totalled $ 560 million in 2015 — an increase
of more than 16 per
cent from 2014 that makes China the second - largest
export market for Idaho.
Belarusian Potash Co. supplied about 42 per
cent of the world's potash
exports before it broke up and sent prices to a four - year low as major buyers like China and India waited to see how far prices would fall.
Mid-tier iron ore miner Mineral Resources has increased its full - year net profit by 28 per
cent to $ 231 million, with the help
of a 93 per
cent increase in iron ore
export volumes.
Ninety - seven per
cent of Canadian oil
exports now go to the U.S.
Exports from Canada to the U.S. could be subjected to a maximum tariff
of 3.5 per
cent under the World Trade Organization's «most favoured nation» provision, to which Canada would almost certainly respond with its own tariffs on imports from the U.S. «For Canada, under WTO rules, we'd have to put up barriers with the U.S., and the retaliation would be one
of the biggest sources
of negative impact for us,» says Dan Ciuriak, a former deputy chief economist with the Department
of Foreign Affairs and International Trade.
Canada is the United States» largest foreign provider
of steel and aluminum, with about 85 per
cent of Canadian
exports being directed to that country.
On the other side
of the ledger,
exports fell 2.1 per
cent in January to $ 45.8 billion as seven
of 11 sectors slipped lower.
The CCPA report also pointed out that 41 per
cent of Canadian
exports enjoy MFN rates
of zero.
«They'll
export, they'll pay the minimal duty, and see that as a cost
of doing business in the U.S.» That sense
of business as usual extends to Canada's energy sector, which accounted for 16 per
cent of total U.S. - bound
exports in 2016.
The bank projects that Canada's GDP will be 0.3 per
cent lower by the end
of 2020 due to the negative impacts on
exports.
The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and
export dispute between its 64 - per -
cent owned Acacia Mining and the Tanzanian government, and the partial writedown
of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.
Curtin accounts for almost 60 per
cent of WA's
export in education, and one in every three
of its 20,000 students is from overseas.
Canada receives half
of all American steel
exports, while the U.S. receives 90 per
cent of Canadian steel
exports, the association said.
We produce a vehicle every 14 seconds, that's 2.3 million vehicles a year, and 95 per
cent of them are
exported to the U.S.
Canada
exports to the U.S. 90 per
cent of the 3.2 - million tonnes
of aluminum it produces annually, which represents two thirds
of America's total aluminum imports.
Steady growth
of 7 per
cent in
export earnings has demonstrated the strength
of the mineral resource and energy sector in Australia.
WE ARE continuing to see good news on the
export front for Western Australia with the value
of our
exports nearly double that
of any other State.Western Australia's
exports grew by a strong 42.8 per
cent in the three months to August, 2000, compared wit
Economic activity decreased in several categories, including business investment,
exports, construction and — most
of all — the important resources sector, which sank 2.7 per
cent compared to the previous quarter.
The central bank, which kept its rate at 1.25 per
cent Wednesday, said slower first - quarter growth
of about 1.3 per
cent was largely a result
of housing markets» responses to stricter mortgage rules and sluggish
exports.
Records from the Vancouver Fraser Port Authority show that 94 per
cent of the 6.6 - million tonnes
of thermal coal
exported through the Port
of Vancouver in 2016 came from the United States.
Exports have never been a big part
of the U.S. economy, they make up 10 per
cent of GDP, less than half the slice
of the pie they account for in Canada.
Chinese
export growth did slow towards the end
of last year, but only from around 30 to around 25 per
cent, and, in any case, the bulk
of China's growth is being driven by domestic demand.
We helped limit raw log
exports, launched the British Columbia Community Forest Association and used the Softwood Lumber dispute to reallocate 20 per
cent of logging tenures across B.C.
Canada
exports 63 per
cent of its oil production and 56 per
cent of its natural gas, percentages that can never decrease under NAFTA.
Canadian clean energy companies developing technology for
export are seeing a 25 per
cent cost advantage because
of the dollar's fall.
We know that sales by Canadian - owned foreign affiliates now exceed total
exports from Canada, approaching 30 per
cent of GDP.
It raised the penalty for
exporting lumber to the U.S. from a combined rate
of 10.8 per
cent to 15 per
cent; it also hit Canada with the so - called «surge mechanism,» designed to discourage investment in Canadian sawmills.
The US
export sector is getting the benefit
of a lower dollar; there's a significant fiscal package in the pipeline, which will add more than 1 per
cent of GDP to private spending power; and sharp cuts have been made in US official interest rates, with financial markets expecting more to come.
While the U.S. Department
of Agriculture forecasts Canadian
exports of skimmed - milk powder are poised to grow 13 per
cent in 2018, the nation's shipments account for less than 4 per
cent of world trade.
Currently, while 99 per
cent of Canadian businesses are MSMES, only 12 per
cent engage in
export activities with only one per
cent of those
exports going to Asia.
«The TPP will provide increased and privileged market access for Canadian
exports, services and investments in one
of the world's most dynamic economic regions, which represents nearly 40 per
cent of the world's economy,» said Iain Black, President and CEO
of The Vancouver Board
of Trade.
Export volumes stood 5.0 per
cent below their pre-recession peak at the end
of 2013.
Perhaps the biggest one is that the market for the bulk
of Canada's
exports, amounting to about 25 per
cent of Canadian GDP, namely the United States, is currently very weak.
Mr. Poloz: But the fact is that the economy was going through a very rough period and lost 40 per
cent of our
exports, those kinds
of things.
Exports to China are about 2.6 per
cent of Australia's GDP.
RBC Transaction Banking has a leading market share among Canadian banks for
export letters
of credit coming into Canada, and is used by 80 per
cent of the world's top 20 banks for standard settlement in CAD.
Canadian seafood
exports to China in the first half
of the year grew by 11 per
cent compared with the same period last year.
Although this effect is very uncertain, we have incorporated a shock
of minus 0.3 per
cent by the end
of 2018, which is about half
of our revision to the
export outlook.
They also provide 54 per
cent of regional employment and 70 per
cent of total
export value.
As the Canadian economy contends with softer than expected
exports, weak business investment and effects
of the Alberta wildfires, real GDP growth in 2016 is forecast to be 1.4 per
cent...
Goods and services
exports account for 32 per
cent of gross domestic product in Canada versus 13 per
cent in the United States, which has the largest domestic economy in the world.
Imports from the U.S. rose 3.1 per
cent in March due in large part to higher imports
of passenger cars and light trucks, while
exports to the U.S. rose 1.2 per
cent, led primarily by higher
exports of crude oil.
About one - third (31 %)
of B.C. companies reported using a federal government service (e.g. Trade Commissioner Service,
Export Development Canada) while 43 per
cent of non-B.C.
On Wednesday, Yau gave the assurance that the list
of about 1,300 Chinese
exports that could be subjected to a 25 per
cent tariff was not targeted at the city.
2016.06.10 Canadian economic activity erratic through 2016: RBC Economics As the Canadian economy contends with softer than expected
exports, weak business investment and effects
of the Alberta wildfires, real GDP growth in 2016 is forecast to be 1.4 per
cent...
Despite the U.S. Department
of Commerce's decision to hit all other Canadian producers with countervailing duties
of 19.88 per
cent starting this year, many industry insiders and political leaders are hopeful Atlantic Canadian companies can be exempted from tariffs on softwood lumber
exports to the United States.
«About 50 per
cent of our members import from the U.S., and about 25 per
cent export, so that's a significant amount, and if there is a decrease in access to the U.S., that will certainly have an impact on our members.
The federal government projects that the removal
of trade barriers will increase Canadian
exports to South Korea by 32 per
cent and boost Canada's gross domestic product by $ 1.7 - billion.