Posted on 05/09/2025 6:10:14 AM PDT by delta7
Canadian exports to the United States are beginning to decrease in light of the trade war. Statistics Canada announced that exports to the United States, Canada’s largest trading partner, declined 6.6% during the first month of tariffs while imports from the United States fell 2.9%. March 2025 was the second-highest recorded monthly increase in non-US trade for Canada.
Exports to nations outside the US rose 24.8%. Overall exports in March 2025 reached $69.9 billion, a slight decrease from February’s $70.04 billion posting, yet volume rose by 1.8%.
The United Kingdom has been purchasing unwrought (crude) gold exports from Canada this year, totaling C$2.01 billion in January, C$1.64 billion in February, and C$1.64 billon this March.
Canada’s crude oil sea exports doubled on an annual basis to 8 million barrels this month. The United Kingdom and the Netherlands imported 69% of all crude oil exports to Europe. Hong Kong also increased its crude imports from Canada in March.
Overall merchandise trade exports declined 0.2% for the month, with imports falling 1.5%. The trade deficit fell to C$506 million, notably less than the prior month’s C$1.4 billion deficit as Canada is seeking buyers.
Canada cannot fully rely on trade outside the US. March saw a 6.6% monthly decline in exports to the US, which is bad news for Canadian businesses. Trade with the US for March was still strong at US$140.5 billion, notably due to an increase in pharmaceuticals and medicines ahead of forthcoming industry-specific tariffs. Autos also saw an uptick ahead of industry-specific tariffs, posting a 7.7% export increase for the month. Iron and steel products, already subject to a 25% tariff, fell 9%, while aluminum alloys and unwrought aluminum rose 4.4%.
The S&P Global Manufacturing PMI for Canada reached 39.1 in April 2025. Canadian manufacturing has not seen such a contraction since early COVID months when the global economy came to a standstill. Imposed and proposed US tariffs are stifling demand as purchasers do not know what to expect.
Those adhering to US boycotts fail to realize that the Canadian economy is structurally tied to the US economy. Infrastructure was designed to support trade through railways, trucking routes, and pipelines. Europe and Asia cannot replace the accessibility or scale of the US market.
Additionally, the economy is closely aligned with the USD, and a major pivot would expose Canada to currency volatility. Canada may strengthen ties with other nations to fill margins but it cannot write off its top trade partner.
(First movie review:
---------
His prognostications captured the attention of the world’s market manipulators and, more fatefully, the FBI, which accused him of orchestrating a $3-billion Ponzi scheme. Found in civil contempt for failing to turn over assets, he spent most of the previous decade in prison.
Directed by Marcus Vetter and Karin Steinberger, the film seems intended primarily as a name-clearing platform for Armstrong to relate his version of the events. The repeated implication is that the government was really after his computer model source code.
My note: Armstrong, the shyster, over plays this. There was no direct attack to get the code. It was just in the warrant to grab all his files and related materials.
Although the globe-trotting production sheds light on the confluence of international finance and geopolitics, focusing on commentary exclusively from Armstrong’s camp robs the documentary of a richer perspective. Having pursued numismatics (the study or collection of currency) as a hobby in childhood, Armstrong would be the first to concur that there are two sides to every coin.
https://www.latimes.com/entertainment/movies/la-et-mn-forecaster-movie-review-20150327-story.html
Fetch, good to see you spending some more time. You still can’t take away from his legendary Socrates computer achievements or the computers’s reputation amongst sovereign nations and largest financial institutions…for over thirty years.
His testimonies to the US Congress about financial fixes are well recorded.
https://www.scribd.com/document/51227426/Armstrong-Testimony-to-Congress-1996-1
“Testimony of:
Martin A. Armstrong
before US Congressional
House Way & Means Committee
Chairman Princeton Economic Institute
214 Carnegie Center Princeton, NJ 08540
Mr. Chairman, members of the committee. I would like to thank you for inviting me
here today to offer what information PEI has gathered from our experience in dealing
with the multinational corporate and institutional sector in the global economy. As a
brief background, PEI maintains offices in the US, Tokyo, Hong Kong, Sydney and
London. We currently provide corporate and institutional advice under contract on
global assets exceeding US$2.5 trillion, an amount equal to about half of the US
national debt.
In our capacity as an advisor serving the international community in real life decision
making rather than theory, PEI may be uniquely qualified in providing insight as to
how and why both investment and business capital flows are affected by a nation’s
domestic policy objectives.
It has been our experience, that there are five key factors that provide the core
stimulus behind capital flows internationally.
1) Foreign Exchange
2) Taxation
3) Labor Costs
4) Inflation & Interest Rates
5) Security (geopolitical & financial)
Let me begin with foreign exchange as an illustration of how capital is being affected…….”
Little guys like you ( and me) are not even in his league.
I don't see that. However,
New York Federal Court Orders Martin Armstrong, Princeton Global Management and Princeton Economics International to Pay More Than $27 Million in Remaining Restitution in CFTC Anti-Fraud Action
https://www.cftc.gov/PressRoom/PressReleases/5701-09
Your rants aren’t convincing anyone…carry on. I have done very, very well following his Socrates ECM cycles for over two decades.
Attacking him has no bearing what so ever on his computer Socrates forecasts.
"I'm afraid I can't do that Martin......."
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.