Canadian Packaging

Trade surplus grows in January

By Purchasingb2b Staff   

General trade surplus

Imports declined in a number of sectors.

For the fifth time in six months, imports of machinery and equipment decreased; January’s numbers were down 2.4 percent month-over-month. Office machines led the way, followed by aircraft, excavating machinery and other industrial machinery. Tempering the decrease was a 4.1 percent increase in imports of communication equipment.

Imports of other consumer goods fell four percent, while imports of energy products dropped 5.6 percent.

“The broad-based dive in imports was quite surprising given firm domestic demand and a strong Canadian dollar,” said Petramala, adding that the drop could be linked to a continued inventory draw-down as companies—particularly manufacturers—take on high inventory-to-sales ratios.

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