Today, China, Canada and the US all released their monthly trade data and there were some surprises. First, China’s trade surplus narrowed from $27.2 billion in October to $22.9 billion in November. However, it did beat estimates of a drop to $21.2 billion. Chinese exports rose 34.9% to a record $153.3 billion and imports rose 37.7% to $130.4 billion. The United States accounts for $16.7 billion or 73% of the trade surplus. This fact will be further fueling momentum within Congress to bring a trade currency bill up for a vote in 2011. Expect the rhetoric to soar prior to … …READ MORE
Tag Archives: Canada
Goldilocks Trade: China, Canada, US
Posted in Front Page Also tagged China, congress, currency trade sanctions, trade data, US Leave a comment
Canada Sounds A US Warning Bell
Over the last two years, many government officials have critiqued the United States for their handling of the crisis. The problem with most of the comments is that they come from countries that are engaging in similar behaviors. Therefore, the validity of their analysis is similar to a family advice column by a golfer.
This is not the case with Canada. The Canadian banking system is held up by many as the shining example of how to avoid financial disaster. (FULL DISCLOSURE: I WORK FOR A CANADIAN BANK.) So when the Canadians offer advice or voice concerns, I think the … …READ MORE
