Latest news with #motorvehicles
CBC
5 hours ago
- Business
- CBC
April's $7.1B merchandise trade deficit was the largest on record
Canada posted its largest merchandise trade deficit on record in April — at $7.1 billion — as exports fell sharply in the face of U.S. tariffs. Statistics Canada said Thursday the result for April followed a deficit of $2.3 billion in March. Overall exports fell 10.8 per cent in April to $60.4 billion, their lowest level since June 2023, as exports of motor vehicles and parts dropped 17.4 per cent. Exports of consumer goods also fell 15.4 per cent, while exports of energy products dropped 7.9 per cent. Meanwhile, total imports fell 3.5 per cent in April to $67.6 billion as imports of motor vehicles and parts lost 17.7 per cent and industrial machinery, equipment and parts dropped 9.5 per cent. In real or volume terms, total exports fell 9.1 per cent in April, while imports fell 2.9 per cent that month. Canada posted a merchandise trade surplus with the U.S. of $3.6 billion in April, the smallest surplus with the country's largest trading partner since December 2020. The result came as exports to the U.S. fell 15.7 per cent, and imports from the U.S. dropped 10.8 per cent. Meanwhile, Canada's trade deficit with other countries was $10.7 billion in April compared with $9 billion in March. Exports to countries other than the U.S. rose 2.9 per cent to $18.3 billion in April, while imports from countries other than the United States gained 8.3 per cent to hit a record $29 billion.
Wall Street Journal
26-05-2025
- Automotive
- Wall Street Journal
Canada Factory Sales Estimated to Have Fallen 2% in April
OTTAWA—Canadian factory activity remained depressed in April, with an early estimate pointing to a sharp drop in sales led by declines in petroleum and coal and motor vehicles. Manufacturing sales fell an estimated 2.0% from a month prior in April, Statistics Canada said Monday.
Jordan Times
18-05-2025
- Business
- Jordan Times
Wholesale price index rises 1.1% in Q1 2025
The general wholesale price index rises by 1.1 per cent in the first quarter of 2025, reaching 108.74 points compared with 107.56 points in the same period of 2024, according to the Department of Statistics' (DoS) quarterly report (File photo) AMMAN — The general wholesale price index rose by 1.1 per cent in the first quarter of 2025, reaching 108.74 points compared with 107.56 points in the same period of 2024, the Department of Statistics' (DoS) quarterly report showed on Sunday. The increase was primarily driven by a 2.98 per cent rise in the prices of motor vehicles, their parts, and motorcycles, a 1.82 per cent increase in agricultural raw materials, grains, food, beverages, and tobacco, and a 0.66 per cent rise in textiles, clothing, personal and household goods. The report noted a 0.55 per cent decline in the prices of machinery and equipment, and a 0.16 per cent drop in fuel, metals, construction materials, and their supplies, the Jordan News Agency, Petra, reported. On a quarterly basis, the wholesale price index also rose by 0.51 per cent in Q1 2025 compared with the fourth quarter of 2024, when it stood at 108.19 points. The main contributors to the quarterly increase were motor vehicles and parts (up 1.58 per cent), agricultural and food-related products (up 1.01 per cent), and machinery and equipment (up 0.79 per cent). Also, prices declined for textiles, clothing, and household goods (down 0.75 per cent) and for fuel and construction-related materials (down 0.21 per cent). Page 2
