Canada Says U.S. Shutdown Would Impede Next Trade Report
“A continued shutdown will impede Statistics Canada’s ability to release a complete picture of Canadian trade statistics for the September reference period on November 5,” Roland Boudreau, Statistics Canada’s director of its international trade division, said in remarks e-mailed from the agency’s Ottawa press office. “Specifically, data on Canadian exports to the United States would be unavailable.”
If the U.S. government is still closed next month, “we may have bigger issues to face than a missing trade report,” said David Tulk, chief Canada macro strategist with TD Securities in Toronto. Economists would “assume that exports are quite weak, from being bottled up at the border.”
Canada and the U.S. use each other’s import data to calculate exports under a 1990 agreement, Boudreau said. “Statistics Canada will continue to monitor the situation and will provide further information to users as it becomes available,” he said.
Today’s Canadian report wasn’t affected by the shutdown. It showed the merchandise trade deficit widened for a second month in August -- a 20th consecutive monthly trade gap -- as imports rose to a record and exports to the U.S. reached the highest since the end of 2011.
To contact the reporter on this story: Greg Quinn in Ottawa at email@example.com