Economy

Thursday's letters: Diversifying economy not so easy – Edmonton Journal

Published

4 years ago

May 21, 2020

I don’t mind Mr. French making the case for collecting more tax revenues, but I do mind when he sticks in meaningless boilerplate about economic diversification.

Ian Coleman, Edmonton

Aerial acrobatics too dangerous

In regards to the Snowbirds jets and the recent fatality, Canadians must recognize the dangers of multi-million dollar technology being used for what is effectively stunting purposes.

The police would charge a motor vehicle for these crimes yet our military uses taxpayer dollars to perform dangerous, deadly manoeuvres. For what purpose?

Flying a multi-ton jet-powered aircraft within inches of another at speeds of several hundred miles per hour is a recipe for death. If these stunts continue, Canada will see more in the morgue and have more tax dollars gone down the drain.

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Economy

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

Published

8 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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