Canada Slips Back into Trade Deficit in November

(Reuters)

Canada’s trade balance unexpectedly slipped back into deficit in November as strong imports, led by vehicles from the United States, outweighed export gains from rising oil prices.

The trade deficit totaled C$344 million ($334 million) as exports grew 1.1% from the previous month to C$31.58 billion and imports jumped 3.9% to C$31.93 billion, Statistics Canada said on Tuesday. Read more here.

Summary statistics and links to the data files are on the Statistics Canada website at Statistics Canada website. Export and import price indexes can be found here.

Related: Imports Rose as [U.S.] Trade Deficit Widened in November

(New York Times – Reuters)

The trade deficit widened more than expected in November, as stronger consumer and manufacturer demand pushed imports to the highest level in nearly a year, a Commerce Department report showed on Tuesday. The monthly trade gap increased 9.7% to $36.4 billion, from an upwardly revised estimate of $33.2 billion in October. Analysts surveyed before the report had expected the deficit to widen to about $34.8 billion. Read more here.