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2026-02-19 23:13:27
[Canada's Net Trade Appears to Contribute to Q4 GDP] Alexandra Brown of Capital Economics stated that the increase in Canadian imports and exports in December confirms that net trade had a positive impact on Q4 GDP; however, the volatility behind the data suggests that export demand remains very weak. On a volume basis, both exports and imports rose 1.4% month-over-month, meaning that Q4 exports grew at an annualized rate of over 8%, while imports increased by nearly 1%. Brown noted that volatile gold prices drove export growth, and another highly volatile category—aircraft—also provided support, benefiting from a surge in exports of large business jets to the United States. The economist pointed out that most other categories recorded month-over-month declines.
