
Canada’s trade surplus widened amid microchip shortage

Economic News from RSM
by Tu Nguyen
Canada’s merchandise trade surplus widened to CAD $1.94 billion in August thanks to rising global demand for energy amid shortages in other countries, Statistics Canada reported on Tuesday.
Canada could see a major and much-needed boost if the U.S. joins the Trans-Pacific Partnership given the degree of interdependence between the United States and Canada.
Fueled by growing industries like technology, media and entertainment, Vancouver and Toronto are showing how a reimagined economy based on information and digital technologies can bring more resilience and prosperity even amid the economic shock of a pandemic.
Dr. Tu Nguyen is economist and ESG director for RSM Canada. She holds a doctorate in applied economics from Oregon State University, where she became a leading voice in environmental and natural resource economics globally.
Tu conducts research and analysis on sustainability, labor markets, the COVID-19 pandemic and infrastructure. Her work has provided invaluable insights for international organizations including the World Trade Organization and the United Nations, as well as for government agencies and industry leaders in the United States and Canada.
Before joining RSM, Tu worked as a research economist at Dalhousie University and a research and university lecturer at Oregon State University.
Tu also holds a bachelor of business administration in economics from Baruch College of the City University of New York.