Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canada’s goods exports rose by 0.5pc to C$46.8bn ($36.9bn) while its imports declined 0.3pc to C$50.1bn in November 2020 compared to the previous month, Statistics Canada (StatCan) noted.


In November, the country’s exports of metal and non-metallic products rose by 11.6pc while exports of ores increased by 26pc. Canada shipped 84.5pc more copper ore and 26pc more iron ore in November against October, crossing 2019 levels with a month to go. 


However, automobile shipments declined by 4.1pc while passenger cars and light truck exports declined by 4pc. Exports of engines also lowered by 4.4pc, StatCan reported. 


Imports of industrial machinery, equipment and parts were down by 3.9pc in November from October while import of metal ores and non-metallic minerals fell by 11pc. However, this was offset by import of aircraft and other transportation equipment by 16.2pc.


Canada’s trade with the US fell by 1pc to $63.8bn while its trade with countries other than the US was up by 2.1pc in November from October.


($1 = C$1.27)


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