The federal government disclosed a larger - than -
expected trade deficit and the dollar fell in value.
Not exact matches
Also out this morning: U.S.
trade deficit, which likely narrowed in September, will be released at 8:30 a.m. ET and the ISM non-manufacturing index, which is
expected to show a small decline in the pace of service sector growth, will be released at 10 a.m. ET.
Autos are
expected to be one of the most contentious parts of the talks because the sector accounts for the lion's share of the U.S.
trade deficit with Mexico.
Another approach is to look at fundamental economic factors affecting a country's
trade surplus or
deficit and evaluating whether the actual
trade balance is what one would
expect given those factors.
Finance Minister Jim Flaherty, Treasury Board President Tony Clement and International
Trade Minister Ed Fast are expected to retain their portfolios, according to government sources, as the Conservatives work to eliminate the deficit, re-engineer the public service and conclude major trade agreements in time for the 2015 federal elec
Trade Minister Ed Fast are
expected to retain their portfolios, according to government sources, as the Conservatives work to eliminate the
deficit, re-engineer the public service and conclude major
trade agreements in time for the 2015 federal elec
trade agreements in time for the 2015 federal election.
Economists, who had
expected a $ 40.00 billion
trade gap in September, said the wider
deficit could cut as much as a half a percentage point off that growth estimate.
The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's
deficit will likely be lower than
expected — there are risks ahead: oil prices are
expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting
trade could restrain exports to the U.S. even further,» the budget says.
Next, U.S weekly Jobless Claims were the highest since January 11th and the
Trade Deficit expanded more than
expected.
Until we understand this do not
expect the global crisis to end anytime soon, except perhaps temporarily with a new surge in credit - fueled consumption in the US (which will cause the
trade deficit to worsen) and more wasted investment in China (which, because it is financed with cheap debt, which comes at the expense of the household sector, may simply increase investment at the expense of consumption).
Australia's
trade gap narrowed to $ 1.58 billion in April - down from $ 2.26 billion in March - which was well below the $ 2.1 billion
deficit economists were
expecting.
Chapman
expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget
deficit and international
trade imbalance.
The latest
trade data for March are
expected to show a sharp narrowing in the headline
deficit, which should be partly due to the better goods
trade balance, as seen in the relevant data released a week ago, while services balance should show an improvement too.
The main news was the
trade deficit, also higher than
expected.
Researchers at the U.S. investment firm
expect the Canadian dollar to hit 88 cents USD in 2014 as our
trade deficit grows, according to media reports.
The Greenback's rally was then sustained by the better - than -
expected reading for ISM's non-manufacturing PMI (59.8 vs. 55.5
expected, 55.3 previous), as well exports rising to a 2 - and - 1/2 - year high, which resulted in a narrower - than -
expected U.S.
trade deficit -LRB-- $ 42.4 B vs. - $ 42.7 B
expected, - $ 43.6 B previous), and hawkish rhetoric from a bunch of Fed officials.
The weekly jobless claims number was higher than
expected in the US, with the
trade deficit also widening more than
expected, while the British construction PMI was also a negative surprise, but equity markets couldn't care less.