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Statistics Canada data show Canada's exports to China grew only 2% in 2022 after a sharp first-half slump, with a strong rebound in Q4 after China eased COVID-Zero restrictions and lifted curbs on Canadian canola. Imports kept growing, widening Canada's trade deficit with China.
Recovering Chinese demand for Canadian canola supports oilseed meal and oil prices, though the widening deficit signals uneven trade flows ahead.
ualberta.caApr 19, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
