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Table 1 Exports

Reference period Exports including adjustments Exports excluding adjustments Export adjustments Growth rate of exports including adjustments Growth rate of exports excluding adjustments Growth rate difference CAN$/US$ Change in exchange rate
2002 constant prices, seasonally adjusted at annual rates exchange rate percentage
millions of dollars percentage
First quarter, 2002 411,604 411,874 -270 1.14 1.14 0.00 1.5944 0.89
Second quarter, 2002 410,248 410,521 -273 -0.33 -0.33 0.00 1.5542 -2.52
Third quarter, 2002 421,084 421,368 -284 2.64 2.64 0.00 1.5632 0.58
Fourth quarter, 2002 413,200 412,373 827 -1.87 -2.13 0.26 1.5695 0.40
First quarter, 2003 406,668 404,680 1,988 -1.58 -1.87 0.28 1.5098 -3.81
Second quarter, 2003 400,276 396,622 3,654 -1.57 -1.99 0.42 1.3984 -7.37
Third quarter, 2003 403,204 399,380 3,824 0.73 0.70 0.04 1.3801 -1.31
Fourth quarter, 2003 418,660 413,592 5,068 3.83 3.56 0.27 1.3158 -4.66
First quarter, 2004 414,672 410,235 4,438 -0.95 -0.81 -0.14 1.3178 0.15
Second quarter, 2004 435,280 431,702 3,578 4.97 5.23 -0.26 1.3595 3.17
Third quarter, 2004 436,100 431,531 4,569 0.19 -0.04 0.23 1.3072 -3.85
Fourth quarter, 2004 431,944 425,907 6,037 -0.95 -1.30 0.35 1.2207 -6.61
First quarter, 2005 431,648 426,539 5,109 -0.07 0.15 -0.22 1.2270 0.52
Second quarter, 2005 430,036 425,885 4,151 -0.37 -0.15 -0.22 1.2439 1.38
Third quarter, 2005 441,416 436,397 5,019 2.65 2.47 0.18 1.2015 -3.41
Fourth quarter, 2005 454,088 448,331 5,757 2.87 2.73 0.14 1.1732 -2.35
First quarter, 2006 446,492 440,304 6,188 -1.67 -1.79 0.12 1.1545 -1.59
Second quarter, 2006 438,952 432,791 6,161 -1.69 -1.71 0.02 1.1224 -2.79
Third quarter, 2006 440,556 435,066 5,490 0.37 0.53 -0.16 1.1212 -0.10
Fourth quarter, 2006 447,200 441,889 5,311 1.51 1.57 -0.06 1.1393 1.61
First quarter, 2007 451,852 447,012 4,840 1.04 1.16 -0.12 1.1716 2.84
Second quarter, 2007 453,120 446,700 6,420 0.28 -0.07 0.35 1.0981 -6.27
Third quarter, 2007 451,552 444,496 7,056 -0.35 -0.49 0.15 1.0446 -4.87
Fourth quarter, 20071 442,772 433,903 8,869 -1.94 -2.38 0.44 0.9818 -6.01
First quarter, 2008 428,492 420,550 7,942 -3.23 -3.08 -0.15 1.0041 2.27
Second quarter, 2008 423,100 415,950 7,150 -1.26 -1.09 -0.16 1.0100 0.59
Third quarter, 2008 418,380 413,068 5,312 -1.12 -0.69 -0.42 1.0418 3.15
Fourth quarter, 2008 390,416 389,965 451 -6.68 -5.59 -1.09 1.2125 16.38
1. During the fourth quarter of 2007, for example, there was an exchange rate appreciation of 6.01%. The export adjustment served to increase export growth by .44% during this period.