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. (firstname.lastname@example.org, @paulvieira)
(END) Dow Jones Newswires 06-04-14 0942ET Copyright (c) 2014 Dow Jones & Company, Inc.