6 Jan 2016
Canada's trade deficit narrows in December
FXStreet (Mumbai) - Canada's imports decreased 0.7% in November while exports increased 0.4%. Import volumes declined 1.6% while prices increased 0.9%. Volumes for exports were up 0.7% while prices declined 0.4%.
Canada's merchandise trade deficit narrowed from $2.5 billion in October to $2.0 billion in November.
Exports to the United States rose 1.3% to $32.5 billion in November, while imports edged down 0.1% to $30.4 billion.
Exports of motor vehicles and parts rose 5.9% to $7.9 billion. The main contributor was passenger cars and light trucks, up 7.7% to $5.4 billion. On the other hand, imports of electronic and electrical equipment and parts decreased 2.9% to $5.1 billion.
Canada's merchandise trade deficit narrowed from $2.5 billion in October to $2.0 billion in November.
Exports to the United States rose 1.3% to $32.5 billion in November, while imports edged down 0.1% to $30.4 billion.
Exports of motor vehicles and parts rose 5.9% to $7.9 billion. The main contributor was passenger cars and light trucks, up 7.7% to $5.4 billion. On the other hand, imports of electronic and electrical equipment and parts decreased 2.9% to $5.1 billion.