Canada’s terms of trade have been quite variable over the past 60 years.
The data shown are Canada’s terms of trade—the ratio of an index of
Canadian export prices to an index of Canadian import prices. As the
relative prices of lumber, oil, wheat, electronic equipment, textiles, fruit,
and other products change, the terms of trade naturally change.
(0066.)Source: Author’s calculations using data from Statistics Canada, CANSIM database, Table 380-