Canada's beer surplus widens
So does that make beer a commodity? Hell Ya! :baby:
Breaking News from The Globe and Mail
Canada's beer surplus widens
ANDY HOFFMAN
Wednesday, February 15, 2006
aPs="boxR";var boxRAC = fnTdo('a'+'ai',300,250,ai,'j',nc);
Forget about oil, Canada is running a healthy trade surplus with the United States in beer. And its getting bigger.
Statistics Canada says the suds surplus has expanded greatly in recent years as Canadian beer makers have made significant headway into the American market.
Canada's beer trade surplus with the U.S. hit $265-million in 2003 — the most recent annual figures available — a near $43-million increase from 1999.
Beer exports to the United States rose after the Canada-US Free Trade Agreeement was enacted, reaching $270-million by 1994. The export activity to the US peaked in 2001 at $367-million and slipped to $323-million by 2003.
Statscan said the increase in Canadian beer exports have far exceeded the slight rise in American beer imported to Canada, resulting in the beer trade surplus.
The surplus was steady during the 1990s at about $224 million, but has increased 19.2 per cent since 1999.
Canada is the third biggest beer exporter to the U.S. behind Mexico and the Netherlands.
|
