Canada’s trade deficit shrank to $2B in November
Statistics Canada says imports decreased 0.7 per cent in November, while exports increased 0.4 per cent
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OTTAWA—Statistics Canada says the country’s trade deficit with the world narrowed to $2.0 billion in November from $2.5 billion in October.
The decrease came as imports decreased 0.7 per cent in November, while exports increased 0.4 per cent.
Import volumes fell 1.6 per cent while prices increased 0.9 per cent. Export volume gained 0.7 per cent while prices dropped 0.4 per cent.
Canada’s trade surplus with the United States increased to $2.1 billion in November from $1.7 billion in October.
The increase came as exports to Canada’s largest trading partner rose 1.3 per cent to $32.5 billion in November, while imports edged down 0.1 per cent to $30.4 billion.
Canada’s trade deficit with countries other than the United States narrowed to $4.1 billion for November from $4.2 billion in October.