When
the prices of some export goods rise relative to others, the income - improving response is to sell more of the things whose (relative) price has gone up, and less of the things whose (relative) price has gone down.
Raising rates while the Federal Reserve in the U.S. keeps printing money will send the Canadian dollar higher, increasing
the price of exports and hurting the profitability of manufacturers.
The surge in commodity prices increased the terms of trade — the ratio of
the price of exported goods to the price of imported goods — in both economies, but the effect in Australia was far stronger than what we saw:
According to him, if revenue accrued from gold, cocoa, oil and other exports were managed properly, Ghana will not be saddled with huge debts although government has maintained that huge drop in
prices of exports products last year has dwindled its revenue.
Exporting books to EU countries may become more complicated and more expensive, even as a lower British pound reduces
the price of exported goods (and / or makes sales in Euros, as well as Canadian and Australian dollars, worth more in pounds).
But international trade controlled
the price of the exports from these small - scale farmers and a reasonable and just income could not be guaranteed.
Beyond that, it is raising
the prices of their exports, which slowly forces inflation into the US and other trading partners.
Not exact matches
The recession
of 1973 - 1975 in the U.S. came about because
of rocketing gas
prices caused by OPEC's raising oil
prices as well as embargoing oil
exports to the U.S..
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future
pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S.
export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
NEW YORK, April 24 - Oil
prices slipped on Tuesday as concerns the United States might reinstate sanctions against Iran faded somewhat, reducing worries about the future
of Iranian
exports.
It didn't matter that Canada did not actually
export many
of these products, including oil, to China; demand growth there affected
prices worldwide.
Wheeler's statement also mentioned a «sharp decline» in
exports, a «weakening»
of consumer and business confidence, and that home
prices in Auckland were «becoming more unstable.»
This has pulled down
prices of certain commodities that are important to Canada's
exports.»
Hope for
exporting Canada's surplus production, especially from the mammoth shale fields in northeastern B.C., now rests on the construction
of terminals on the B.C. coast to liquefy the gas and ship it to Asia, where
prices are currently six times higher than they are here.
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.
America's globally competitive firms in a range
of industries will be doubly damaged: The
price they pay for imported steel and aluminum products will rise while retaliatory tariffs make it more difficult for them to
export.
For all the defiance, pressure on the Russian economy is slowly mounting under the combined influence
of sanctions and, more importantly in the short term, the sharp drop in the
price of oil, its main
export.
Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms
of the dollar value
of exports to the U.S. Indeed, Canada is contending with more than just low oil
prices.
He added that a combination
of cheap land, reasonable energy
prices and other incentives means that, despite higher manufacturing costs, he can still make more money by making glass in the U.S. than by
exporting Chinese - made panes to the U.S. market.
The value
of Australian iron ore
exports is expected to fall next year as strong growth in production volumes is offset by a slump in
prices to a forecast $ US52.10 per tonne in 2016.
Falling within his portfolio are the company's Canadian operations, including the Athabasca oilsands project and its growing interests in liquefied natural gas (LNG), including a proposed
export terminal in Kitimat, B.C., with a rumoured
price tag
of more than $ 12 billion.
Additionally,
prices for its major commodity
exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis
of the late 1990s.
Malaysia's shares and currency have been hit with a toxic brew
of declines in the
prices of its commodity
exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal
of the prime minister from power.
The agreement is expected to provide
price diversification through realization
of export market
pricing and exposure to Brent - weighted
prices from volumes sold at a Corpus Christi terminal.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity
prices, interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import /
export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market
price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Only 23 %
of the respondents believe the Bank
of Canada will ensure our inflation rate matches the U.S. rate to prevent our
exports from being
priced out
of the American market.
It is hoped that it will encourage Africa's trade to diversify away from its traditional commodity
exports outside
of the continent, the volatile
prices of which have hurt the economies
of many countries.
For Canada, a fall in resource
prices reduces our terms
of trade: the ratio
of export prices to import
prices.
The
price of U.S. oil rose Wednesday following reports that Washington is studying whether to lift a longstanding ban on crude oil
exports.
Put another way, countries that see the
price of imports go up may simply choose to
export elsewhere rather than to the US and also decide not to accept as many US
exports.
«The
exports are what we need to focus on through the next 30 days,» Kloza, co-founder
of the Oil
Price Information Service, told CNBC's «Futures Now» last week.
According to Scotiabank's Derek Holt, who predicts household grocery bills could balloon by as much as 15 % in the next few years, the failure
of the international community to settle on a rational policy for handling shortages has led to stockpiling and
export bans, which «further impairs supply sides
of markets and causes
prices to go up even more.»
Morgan Stanley also noted that oil and gas
exports account for nearly 16 percent
of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude
prices falling below $ 50 a barrel again.
Factors that will have an impact on credit quality
of companies include domestic consumption trends,
exports, commodity
price risks, sensitivity to changes in interest rates, working capital risk, capital expenditure and sensitivity to foreign exchange volatility.
Although much
of the recent drop in oil
prices has been due to the prospect
of higher
exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end
of March), the dumping
of stored oil is essentially a short - term factor, and its influence on crude
prices should logically pass quite quickly.
The vow came as the Calgary - based company blamed clogged
export pipelines for its worst heavy oil
price discounts in five years during the first three months
of 2018, contributing to a higher - than - expected $ 914 - million net loss in the first quarter.
With approval
of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil
prices and
exports.
CNBC's Jackie DeAngelis takes a look at oil
prices as markets react to the possibility
of the U.S. oil
export ban being lifted.
But the advances proved unsustainable, particularly given steep declines in the
price of oil, Venezuela's most lucrative
export.
Depending on mining, forestry, and oil and gas leaves the country vulnerable to swings in commodity
prices and the health
of our
export partners.
«The Obama Administration is already studying whether to lift the restrictions on oil
exports, but this is something that is likely to face a lot
of opposition in Congress from both Democrats and Republicans, who worry that lifting the restrictions could cause gasoline
prices to rise,» said Herman Wang, senior editor
of oil news at Platts.
Conversely, if gunboat diplomacy is an option, you can use threats to become the monopoly purchaser
of a country's
exports and force them to trade at an unfavourable
price.
(Remember, 85 %
of the cars and trucks made in Canada are for
export, mostly to the U.S.) When oil
prices tumbled, bringing down the loonie, there were hopes
of an automaking renaissance, but this has so far failed to transpire.
«The value
of the Canadian dollar and the
price of oil, one
of the nation's top
exports, have both tumbled to near record lows,» the billionaire and former three - term mayor
of New York wrote ahead
of Trudeau's arrival for town - hall event on live television.
Steel
prices have climbed on the back
of rising demand and capacity cuts in China, coupled with a spate
of anti-dumping measures that knocked Chinese steel
exports from record levels
of 2015.
In July, when the Bank
of Canada cut its policy to its current setting
of 0.5 %, policy makers expressed concern over weak non-energy
exports and a deep contraction in business investment brought on by the collapse
of commodity
prices.
Prices are so low, in fact — a gallon
of diesel is less than $ 0.50 — that it has led to excessive and wasteful use
of energy resources that could be reserved or
exported instead.
The average
price of U.S. coal
exports during fourth — quarter 2017 was $ 90.59 per short ton.
Saudi Aramco has now cut all
of its
export prices, reducing
prices to Asian markets to their lowest levels since the 2008 recession.
As I've shown before, the global PMI has been a good indicator
of exports and commodity
prices three to six months out, so I see this as very positive.