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Economic Reports Trade Balance

  • At 9:24 a.m. ET, the Canadian dollar was trading at C $1.3170 to the greenback, or 75.93 U.S. cents, weaker than the Bank of Canada's close on Monday of C $1.3087, or 76.41 U.S. cents. Canada posted a C $923 million trade surplus in December, thanks largely to booming crude oil exports, Statistics Canada said. Meanwhile the U.S. trade deficit fell more than expected in...

  • OTTAWA, Feb 7- Canada posted a second consecutive monthly trade surplus for the first time in more than two years in December, but booming oil exports obscured weakness in some key sectors. The C $923 million surplus announced by Statistics Canada on Tuesday exceeded analysts' forecasts of a C $350 million positive balance. Canada last recorded back-to-back...

  • The Commerce Department said on Tuesday the trade gap dropped 3.2 percent to $44.3 billion, ending two straight months of increases. President Donald Trump has vowed to make sweeping changes to U.S. trade policy, starting with pulling out of the 12- nation Trans-Pacific Partnership trade pact. Trump also wants to renegotiate the North American Free Trade...

  • *December trade deficit fell to $44.3 bln vs est. Feb 7- Wall Street looked set to open higher on Tuesday, with the S&P 500 hovering close to a record high as investors look for a steer from a rush of quarterly earnings reports. "We're a stone's throw away from all-time highs and the market has been sitting in a relatively tight range, looking for a fresh theme to commit...

  • OTTAWA, Feb 7- Canada posted a second consecutive monthly trade surplus in December for the first time in more than two years, thanks largely to booming crude oil exports, Statistics Canada said on Tuesday. The C $923 million surplus exceeded analysts' forecasts of a C $350 million positive balance. The last time Canada recorded back-to-back trade surpluses was...

  • Donald Trump

    Jeffrey Sachs, Columbia University professor and "Building the New American Economy," author talks about practical solutions to building a smart, fair and sustainable American economy.

  • December trade deficit $44.3B vs. $45.7B (November)

    CNBC's Rick Santelli breaks down the latest numbers on trade.

  • BEIJING, Feb 3- China said on Friday it has never used its currency as a tool to gain an advantage in trade and was not seeking a "currency war", after U.S. Throughout his election campaign, Trump threatened to levy punitive tariffs against China in order to bring down the U.S. trade deficit, and any formal declaration of China as a currency manipulator could provide a...

  • Will Trump bring the Guacamole?

    This Super Bowl party favorite can thank NAFTA for its rise in popularity

  • *Trump has expressed concern about U.S.- Japan trade balance. Trump, who has pledged to put America first when it comes to trade, has rattled Japan by criticising the low number of U.S. cars sold in Japan and by demanding that more cars sold in the United States be made locally. If Trump curbs Japanese auto exports, either from Japan or from plants in Mexico, this could...

  • *Fed disappoints hawks, but still upbeat in economic assessment. LONDON, Feb 2- The dollar fell to its lowest since mid-November on Thursday after the Federal Reserve disappointed investors hoping for a clear sign of a March interest rate rise, while the Australian dollar rallied after data showing a record trade surplus. Aggressive language from the United...

  • *Trump has expressed concern about U.S.- Japan trade balance. Trump, who has pledged to put America first when it comes to trade, has rattled Japan by criticising the low number of U.S. cars sold in Japan and by demanding that more cars sold in the United States be made locally. If Trump curbs Japanese auto exports, either from Japan or from plants in Mexico, this could...

  • TOKYO, Feb 2- Japanese Prime Minister Shinzo Abe is considering increasing energy imports from the United States, two sources familiar with the plan told Reuters, as he prepares to meet President Donald Trump, who has complained about Japan's trade surplus. Japan is putting together a package of plans for Japanese companies to invest in infrastructure and...

  • TOKYO, Feb 2- The dollar slipped to its lowest levels since mid-November on Thursday after the Federal Reserve disappointed investors hoping for a more hawkish policy stance, while the Australian dollar rallied after data showing a record trade surplus. "We're still seeing long-term guys buying the dollar on dips, expecting it to eventually recover on...

  • TOKYO, Feb 2- The dollar slipped on Thursday, edging back toward recent lows after the Federal Reserve disappointed investors hoping for a more hawkish policy stance, while the Australian dollar rallied after data showed that nation had booked a record trade surplus last month. The Aussie gained 0.6 percent to $0.7620, after earlier scaling $0.730, its loftiest...

  • US can use strength to open up trade: Robert Holleyman

    Robert Holleyman, former deputy U.S. trade representative, provides perspective on Trump's tough talk on trade.

  • BERLIN, Jan 30- Germany's current account surplus is expected to have hit a new record of $297 billion in 2016, overtaking that of China again to become the world's largest, the Munich- based Ifo economic institute said on Monday. The European Commission and the United States have urged Germany to lift domestic demand and imports to help reduce global economic...

  • BERLIN, Jan 30- Germany views its current account surplus as high, but it is not an excessive imbalance, an economy ministry spokeswoman said on Monday, adding that Germany's surplus with other euro zone countries had halved over the past eight years. "That shows there is a reduction of trade imbalances within the euro zone," the spokeswoman said, adding that 44...

  • GERMAN CURRENT ACCOUNT SURPLUS WILL HAVE HIT RECORD HIGH OF $297 BILLION IN 2016- IFO INSTITUTE.

  • BERLIN, Jan 30- Germany's current account surplus is expected to have hit a new record of $297 billion in 2016, overtaking that of China again to become the world's largest, the Munich- based Ifo economic institute said on Monday. The European Commission and the United States have urged Germany to lift domestic demand and imports to help reduce global economic...