Weaker Canadian Dollar Not Altering Trade Patterns

by The Daily Lede

9:42 EDT – What loonie effect? The weaker Canadian dollar was expected to provide a boost to the country’s exporters. But so far that currency-related bump hasn’t materialized, if Canadian April trade data are any indication. Canadian exports fell in April, while imports–which should become costlier for Canadians with a weaker loonie–rose for a third straight month to a record level. “The loonie’s weakness is raising import prices and inflation, but isn’t significantly changing trade patterns,” says Bill Adams, economist at PNC Financial. (paul.vieira@wsj.com, @paulvieira)

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  06-04-14 0942ET
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