Boliden’s Q2 earnings disappoint despite near fivefold rise
The miner said higher metal prices boosted its earnings, while lower treatment charges and metal premiums weighed on the result.
Canada’s trade deficit with most of the world jumped to $2 billion in November from $552 million in the previous month as merchandise imports rose and overall exports fell.
According to Statistics Canada, the country’s exports slipped 0.9% to $37.5 billion, led by declines in shipments of metals and mineral products, as well as farm, fishing and intermediate food goods.
Imports climbed 2.7% to $39.5 billion, with electronic and electrical equipment and parts leading the gain, followed closely by motor vehicles and parts as well as metal and non-metallic mineral products.
Imports of metals and mineral products increased 6.8% to $3.7 billion in November, as a result of higher volumes. Imports of unwrought precious metals and precious metal alloys were up 14.4%.
Acquisitions of basic and industrial chemical, plastic and rubber products grew 6.7% to $3.2 billion, mainly on higher volumes. Imports of basic chemicals rose 20.1% in November.
Imports of energy products decreased 3.7% to $3.5 billion, as volumes fell 4.0%. Imports of refined petroleum energy products, mainly gasoline, fell 13.2%, as a result of lower volumes and prices.
Canadian trade with the United States was up both ways. Exports to the US rose 3.9 per cent to $28.3 billion and imports were up 1.7% to $25 billion, lifting the trade surplus with that country to $3.3 billion in November from $2.7 billion in October.
