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Afternoon Note

Oh Canada Oh Rally

By Charles Payne, CEO & Principal Analyst
2/13/2017 1:18 PM
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The meeting with Canada’s Prime Minister Justin Trudeau finished earlier today at the White House (the joint press conference will start shortly), and while our economic relationship is much deeper with our neighbor to the north, there was an iciness missing from the warm and obviously much friendly meeting with Japan’s prime minister.   Of course, the charmed offensive by Japan is brilliant considering they might be getting a bigger trade ride from America than any other nation.  

Canada is America’s biggest export partner, and we only had an $11.0 billion trade deficit last year.  The issues are more ideological than economic, and that relationship is symbiotic, including a desire to unlock potential for fossil fuels and materials.

Key US Trade Partners

Exports

Imports

Deficit

Canada

$266,827

$278,067

-$11,240

Mexico

$230,959

$294,151

-$63,192

China

$115,775

$462,813

-$347,038

Japan

$63,264

$132,202

-$68,938

 

The meeting with women business leaders from the United States and Canada illuminated the tight relationship between the two nations.  As introductions were being made, the Executive Vice President and Chief Marketing officer of Ryder Canada pointed out the 400 back and forth trips between the United States and Canada. 

The Market

“New highs beget new highs,” I’ve always said this, and its playing out right in front of our eyes once again.

 


Comments
Thank you Charles, so glad I'm not missing this massive rally!!!

Rich Oliver on 2/13/2017 1:45:57 PM
 

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