The last handful of days have brought more news than almost any other similar period of time this year. "With energy prices remaining low, it's going to be difficult to meaningfully narrow the gap in the short term.". Retirement savers should look for broad-based funds as core holdings and consider the fees. Exports to the United States, Canada's largest trading partner, declined 1.6%, while imports rose 1.2%. The majority of agricultural commodities are staple crops and animal products, including live stock. By using our site you agree to our Terms of Use. In addition, you can browse our general commodity category guides on: Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups. From a total volume of $377 billion in product exports in 2017, Canada’s exports grew by 12.7% to $431 billion in 2018. Many agricultural commodities trade on stock and derivatives markets. © 2010-2020 Exports of lumber reached their highest level in 14 years, while aircraft exports jumped on higher shipments of business jets. Sorry, your blog cannot share posts by email. Tech exchange-traded funds generate growth and make a good addition to a portfolio. Canada is the leading exporter of rapeseed with a 48% share of the annual market. In 2018, Canada's exports per capita were $11.6k and its imports per capita were $9.96k. Economic overviews and debt clocks can give you a better understanding of a countries economic stance. China dominates global aluminium production with a 54% share of global primary output, a similar figure to its control of steel production (51.5%). Trading any financial instrument involves a significant risk of loss. OTTAWA (Reuters) - Canada's exports and imports rose in September, though both remain below pre-pandemic levels, while the country's trade deficit widened more than expected, data from Statistics Canada showed on Wednesday. These dividend stocks have higher yields than Treasury bonds. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Here are certain industries that continue to feel a blow to their business due to the health crisis. "On the bright side, the rise in overall trade activity bodes well for the economy in September," he added. Our writers and editors often write an article about interesting economic indicators or facts. on this page is accurate as of the posting date; however, some of our partner offers may have expired. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. The United States takes 98% of all Canada’s refined petroleum exports. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Estate planning is not only for the wealthy, it's for everyone. OTTAWA (Reuters) - Canada's exports and imports rose in September, though both remain below pre-pandemic levels, while the country's trade deficit … The country has more lakes than the rest of the world combined. All figures based on the 2018 OEC and 2016 IMF projections, unless stated otherwise. When evaluating online brokers, always consult the broker’s website. Our broker guides are based on the trading intstruments they offer, like CFDs, options, futures, and stocks. Log in. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Lawrence has served as an expert witness in a number of high profile trials in US Federal and international courts. (Reporting by Julie Gordon in Ottawa, Additional reporting by Dale Smith and Steve Scherer; Editing by Steve Orlofsky and Sandra Maler). Here's how you can get started. Financial advisors say reshaping your portfolio can mitigate losses during downturns. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Canada ranks 7th in the global league table of gold exporting countries and controls 3.8% of the market. Customer relationship management is more important than ever, and these six stocks stand to profit. Canada is the 12th largest product export economy in the world but it currently has a negative trade balance of $62 billion CAD (2020 figures) when you deduct its annual import total of $369 billion from its export total of $431 billion. Post was not sent - check your email addresses! Canada’s GDP is $1.71 trillion, which equates to a GDP per capita figure of $46,233. We also review and explain several technical analysis tools to help you make the most of trading. Export numbers have decreased over the last five years at an annualized rate of 4.8%, falling from $435 billion … If you don't have time to read the entire article, you can always bookmark it for later. With the lithium market expanding, the commodity might be an appealing addition to your portfolio. That dollar amount reflects a 9.2% increase since 2015 but a -0.9% dip from 2018 to 2019. Our economic overview of Canada covers the country’s GDP statistics, top commodity exports, and top commodity imports. It was another day of heavy buying in the stock market as investors continued processing the election. The Canadian dollar The United Kingdom is the biggest importer of Canadian gold and takes 68% of the annual total, followed by the United States who account for 25% of Canada’s yearly gold export total. Sales of forestry products and building and packaging materials went up 10.4% to CAD 3.9 billion, in particular lumber (+23.0% to a 14-year high of CAD 1.6 billion). Canada’s GDP is $1.3 trillion, which equates to a GDP per capita figure of $44,000. Canada is the 2nd largest wheat exporting country in the world with a 12.4% market share and competes with the United States (14.8%) and Russia (11.6%) for pole position. The most popular blog posts are about gold, food prices, and pay gaps. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange. China gets serious on regulating its tech heavyweights. Here are seven top 5G stocks analysts love. Women stand to take control of the biggest wealth transfer in our lifetime. The trade deficit widened to C$3.25 billion ($2.47 billion), missing analyst predictions of C$2.6 billion, with August's deficit also upwardly revised to C$3.21 billion from an initial C$2.45 billion. There are several precious metal derivatives like CFDs and futures. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Find out more about precious metals from our expert guides on price, use cases, as well as how and where you can trade them. Once you’re familiar with Canada’s trade, you can learn about different ways to trade commodities of interest. The United States is a major importer of Canadian aluminum, taking 85% of its total annual exports of this product. Chasing value without considering quality can lead to value traps. Your use of the site is at your sole risk. China takes 34% of Canada’s rapeseed exports, with Japan, Mexico and Pakistan being other notable export destinations. There are fewer people in the whole of Canada than in Tokyo’s metropolitan area. "I think that we're just in a mode at the moment where trade uncertainly with our key trading partner is there, has to be dealt with, has to be worked through," he added. Before you consider trading cryptocurrencies, you may want to learn about how cryptocurrencies are mined and what experts think about them from our general guides. In 2018, Canada exported $431B and imported $369B, resulting in a positive trade balance of $61.6B. "Circumstances mean that the U.S. is generally in a protectionist state at the moment," said Peter Hall, chief economist at Export Development Canada, noting that will likely continue to be the case no matter who wins. Our team of experts also review brokers in-depth. Our energy commodity guides are designed to help you keep up with a demanding, rapidly changing energy sector. and have not been previously reviewed, approved or endorsed by any other Canada’s exported goods totaled $181.7 billion during the first 6 months of 2020. is not liable for any damages arising out of the use of its contents. Comparative assessments and other editorial opinions are those of U.S. News Based on the average exchange rate for 2019, the Canadian dollar depreciated by -3.8% against the US dollar since 2015 and dropped by -2.4% from 2018 to 2019. The trading guides explain how you can either buy cryptocurrencies, or trade crypto derivatives like Bitcoin CFDs. Between 71.00%-89.00% of retail investor accounts lose money when trading CFDs. Exports from Canada rose 1.5 percent from a month earlier to CAD 45.54 billion in September 2020, slightly above market expectations of CAD 45.25 billion. REUTERS/Mark Blinch, California Do Not Sell My Personal Information Request. Canada’s trade with the US is facilitated by the North American Free Trade Agreement (NAFTA) which also includes Mexico, a country which imports 1.51% of Canada’s exports. Canada’s trade gap was little changed in September at elevated levels as imports have rebounded more quickly than exports since the onset of the … Relying on any Reviews could be to your detriment. If you want to explore ways to trade some of Canada’s most imported and exported commodities, see our list of regulated brokers available in . We show you how and where you can trade the ones you're interested in. That dollar amount represents an 8% increase compared to 2015 but a -1.5% dip from 2018 to 2019. We also dive into the additional detail on Canada’s petroleum, gold, wheat, aluminum, and rapeseed trade. If you want to learn more about Canada’s most traded commodities, our trading guides on CFDs, options, bullion dealers, and stock brokers may interest you. Precious metals have many use cases and are popular with commodity traders. entities, such as banks, credit card issuers or travel companies. More Information on Canada’s Most Traded Commodities. Canada is the fourth-largest crude oil exporter in the world with a 5.8% share of an annual global export market worth $678 billion. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Phone system devices including smartphones, Heavy machinery (bulldozers, excavators, road rollers), Electrical/optical circuit boards, panels, Iron and steel screws, bolts, nuts, washers, Plastic plates, sheets, film, tape, strips, Electrical lighting/signaling equpment, defrosters, Packaged insecticides/fungicides/herbicides, Flat-rolled iron or non-alloy steel products (plated/coated), Vehicles: US$74.4 billion (16.4% of total imports), Machinery including computers: $69.2 billion (15.3%), Electrical machinery, equipment: $44.2 billion (9.7%), Mineral fuels including oil: $33.2 billion (7.3%), Plastics, plastic articles: $16.4 billion (3.6%), Optical, technical, medical apparatus: $12.6 billion (2.8%), Gems, precious metals: $10.3 billion (2.3%), Articles of iron or steel: $10.3 billion (2.3%), Furniture, bedding, lighting , signs, prefab buildings: $9.2 billion (2%), Cars: US$28.4 billion (down -5.2% from 2018), Automobile parts/accessories: $19.8 billion (down -1.8%), Armored vehicles, tanks: $1 billion (up 32.1%), Special purpose vehicles: $947 million (up 9.8%), Public-transport vehicles: $886.7 million (down -9.2%), Bicycles, other non-motorized cycles: $252.3 million (up 4.6%), Computers, optical readers: US$9.4 billion (up 1.1% from 2018), Taps, valves, similar appliances: $3.6 billion (down -2.5%), Transmission shafts, gears, clutches: $3 billion (down -5%), Heavy machinery (bulldozers, excavators, road rollers): $3 billion (down -17.7%), Liquid pumps and elevators: $2.7 billion (up 0.6%), Centrifuges, filters and purifiers: $2.6 billion (up 1.9%), Piston engine parts: $2.2 billion (up 1%), Phone system devices including smartphones: US$10.8 billion (down -2.7% from 2018), Insulated wire/cable: $3.5 billion (down -1.4%), TV receivers/monitors/projectors: $2.2 billion (down -1.2%), Electrical converters/power units: $2 billion (up 5%), Integrated circuits/microassemblies: $1.9 billion (down -11.8%), Lower-voltage switches, fuses: $1.9 billion (down -2%), Electrical/optical circuit boards, panels: $1.8 billion (down -0.1%), Electric motors, generators: $1.5 billion (up 12%), TV receiver/transmit/digital cameras: $1.5 billion (down -1.9%), Electric water heaters, hair dryers: $1.5 billion (up 0.7%), Crude oil: US$14.3 billion (down -4.6% from 2018), Processed petroleum oils: $14.2 billion (down -16.1%), Petroleum gases: $2.6 billion (down -4.1%), Coal, solid fuels made from coal: $747.4 million (down -5.7%), Electrical energy: $439.3 million (up 11.8%), Petroleum oil residues: $387.4 million (down -19.1%), Coke, semi-coke: $235.7 million (up 10.6%), Petroleum jelly, mineral waxes: $171.3 million (down -8.5%), Coal tar oils (high temperature distillation): $112.7 million (up 2.8%), Natural bitumen, asphalt, shale: $75.4 million (down -14.6%).