According to figures compiled worldwide by Geotab from over 2 million commercial vehicles connected to its network, the recovery will have been strongest in Canada this week, with an average activity level slightly above 100% compared to the February 2020 reference period. This reassuring figure does not necessarily indicate a complete return to normal in Canada, but nevertheless shows a higher rate of activity recovery than our southern neighbors, where the weekly average was about 93%.
Canadian data once again indicate that Manitoba had the highest level of activity, followed in order by Prince Edward Island, Quebec, Ontario and British Columbia, all with levels above or near the levels observed in February. Alberta and Saskatchewan showed a significant recovery from the previous week but remained at about 95% of pre-Covid activity levels. New Brunswick, Newfoundland and Labrador, and Nova Scotia remained lagging behind, with respective activity levels of 87%, 89%, and 90%.
All segments positively impacted
Data analyzed by transport market segment were all on the rise during the period, with significant recoveries in retail, general freight transportation, construction and business services. These segments, as well as the government and waste processing segments, had activity levels close to 100%.
No surprise here, people transportation remains the segment most affected by the crisis, as it continues to be well below the usual figures.
Canada/US Trade
During the peak of the crisis in April, trade between Canada and its main partner declined by $23.4 billion, largely due to massive reductions in the automotive industry and energy products. The most recent Statistics Canada data indicate that during April, exports to the United States declined by 35.7%, while imports declined by 35.3%. Canada’s trade surplus with the United States dropped from $3.5 billion in March to $2.2 billion in April.