Economy

Saudi Finance Minister Warns Geopolitics Is Top Economy Risk – Bloomberg

Published

6 months ago

April 28, 2024

Saudi Arabia’s finance minister warned geopolitics may be the single biggest concern for the world economy that’s already facing slower growth and elevated interest rates.

“Today, to me, geopolitical risks are possibly the No. 1 risk as you look at the global economy,” Mohammed Al-Jadaan said at a special edition of the World Economic Forum in Riyadh on Sunday. “Policymakers will need to be very agile in dealing with this,” he said, citing risks of protectionism in some parts of the world.

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Economy

September merchandise trade deficit narrows to $1.3 billion: Statistics Canada

Published

6 hours ago

November 5, 2024

Anne Joseph

OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.

The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.

Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.

Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.

Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.

In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.

This report by The Canadian Press was first published Nov. 5, 2024.

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