The Daily Tuesday, December 7, 2021
Press Release
Canadian international merchandise trade, October 2021
In October, Canada’s merchandise exports were up 6.4%, while imports rose 5.3%. Canada’s merchandise trade surplus widened from $1.4 billion in September to $2.1 billion in October, the largest surplus so far in 2021.
Trade by exporter and importer characteristics: Services, 2019
Small- and medium-sized enterprises continued to be responsible for a higher share of Canada’s commercial services exports than large firms in 2019. For imports, the reverse was observed, with large firms accounting for a slightly higher share.
Canadian international trade in services, October 2021
Canada’s monthly international trade in services deficit narrowed from $758 million in September to $562 million in October. Overall, exports of services increased 2.2% to $11.4 billion, and imports were up 0.4% to $12.0 billion.
Securities statistics, third quarter 2021
Net borrowings by Canadian corporations and governments in the form of debt securities totalled $71.5 billion in the third quarter, the largest amount since the second quarter of 2020. This financing activity was led by Canadian chartered banks and, to a lesser extent, the federal government.
Retail Commodity Survey, September 2021
Retail sales reached $57.7 billion in September 2021, an increase of 4.1% compared with the same month a year earlier. Higher sales were reported in 14 of the 19 commodity classes.
Canadian potato production, October 2021
Canadian growers harvested a record potato crop in 2021, as production rose 18.2% year over year to 123.1 million hundredweight, on account of increases in both seeded area and yield. New Brunswick (+58.3% to 18.2 million hundredweight) and Alberta (+5.2% to 24.6 million hundredweight) both reported record production, as seeded areas rose to meet growth in processing demand. Prince Edward Island produced the largest share of Canadian potatoes (23.2%), followed by Alberta (20.0%) and Manitoba (19.6%).
Taking stock of the farms located in the flooded regions of British Columbia
The Lower Fraser River Valley has some of the most productive farmland in Canada. Mild winters, rich soil and close proximity to Canada’s third largest metropolitan area make it an ideal location for farm enterprises. Much of this prime farmland was underwater for several days during the second half of November, killing livestock and destroying or damaging farm machinery and infrastructure.
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