#trade-balance

#trade-balance

The U.S. dollar's value has fallen 8% over the past year, as the price of gold has skyrocketed, said the WSJ Dollar Index. Some think it is a good thing. President Donald Trump said recently a weaker dollar is great. The idea is a weaker currency boosts exports and employment while a strong currency can throttle an economy. While the idea of a weaker dollar has had supporters over the decades, economists often argue gains can be eaten up by domestic inflation and deflation.

It registered a marginal trade surplus of $153 million in September, following a $6.43 billion deficit in the prior month, Statistics Canada said. This was the first ever surplus that Canada has posted since U.S. President Donald Trump threatened and later imposed tariffs on critical sectors, which choked significant exports to the U.S., Canada's biggest trading partner. The bulk of the surplus was driven by a 44 per cent jump in Canada's trade surplus with the U.S., Statistics Canada data showed.