Canada’s Trade Balance Returns to Deficit in December

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Canada's Trade Balance Returns to Deficit in December 

Canada’s merchandise trade balance slipped back into a deficit of $137 billion in December from a $2.5 billion surplus in November. Merchandise exports were down 0.9% (month/month), while imports rose 3.7%. Imports rose in 8 of 11 industries, led by electronic and electrical equipment and parts, which rose 16.2%, mainly due to imports of smartphones, […]

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Source: Canada's Trade Balance Returns to Deficit in December