Trade Surplus

Our trade surplus moved into positive territory in December. That's important because it suggests exports are improving for Canada. This is a good thing because to a large extent Canadians rely on supplying our resources to the world market to fuel our domestic growth and standard of living. A word of caution is that one explaination for the surge in exports is explained by increased demand for energy. Since energy is priced in US dollars and the US dollar has been falling of late increased demand for energy could be partly explained by a falling US dollar relative to other currencies around the world.