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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of jobs
(RTTNews) - Canada posted a much larger than expected trade surplus of C$799 million in January compared with a revised surplus of C$75 million in December, official data showed Thursday.
Economists expected a surplus of around C$100 million in January, compared to the deficit of C$200 million previously reported for the final month of 2009.
Canada's merchandise exports grew 0.5% in January, a slower pace than in the previous four months, while imports declined 1.7%, Statistics Canada noted.
Exports increased to $33.0 billion from C$32.9 billion in December, as prices increased 0.8% while volumes fell 0.3%.
Although exports have been increasing for five consecutive months, the pace of growth slowed in January on declines of automotive products.
Following two months of increases, imports declined to $32.2 billion from $32.8 billion in December.
Exports to the United States decreased 0.6% and imports declined 0.5%, largely as a result of lower trade of automotive products.
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