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Economic Viewpoint

Canadian goods exports to the United States

March 3, 2017
François Dupuis, Vice-President and Chief Economist • Benoit P. Durocher, Senior Economist

As trade has opened up in the last few decades, the place of exports and imports in Canada’s economy has grown, attesting to greater industrial integration between Canada and its major partners. The United States obviously ranks first as both destination and provenance for Canada’s international trade. Here, the recent slowdown in Canadian exports to the United States is worrisome, especially in the context of a potential surge by protectionism. However, despite some major uncertainties, the fact is that the trend for Canadian exports to the United States is fairly positive in most sectors and regions. Of course, some one-off problems have muddied the picture recently, particularly in the energy and some other commodity sectors, but these problems should largely fade in 2017.

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