Canadian Government Notices as of Oct. 28
The Canada government issued the following trade-related notice as of Oct. 28 (some may also be given separate headlines):
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- Canadian monthly trade by exporter characteristics for August 2020. Statistics Canada reported Oct. 27 that the number of Canadian companies that exported goods rose for the fourth consecutive month, in August, when exports were up 1.3% from July but 5.9% below pre-COVID-19 pandemic levels in February. By employment size, the number of small and medium exporters were both up in August, while large exporters were down slightly. A total of 19,104 companies were exporters. The report said: “In April, the number of exporters to the United States fell to its lowest level as measures to contain the spread of COVID-19, such as physical distancing and the closure of non-essential businesses, had been in place for a first full month. A steep recovery was observed in May and June as the economy started to reopen gradually, while more modest growths were recorded in July and August. Despite the growth observed in the last four months, the number of enterprises exporting to the United States was 4.7% lower than what it was in February.”