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- Canada's trade deficit widens to C$0.66 billion in January
Canada's trade deficit widens to C$0.66 billion in January
Statistics Canada released the trade data on Friday. Canada's trade deficit widened to C$0.66 billion in January from a deficit of C$0.63 billion in December. December's figure was revised down from a deficit of C$0.59 billion.
Analysts had expected a trade deficit of C$1.05 billion.
The rise in deficit was driven by higher imports.
Exports climbed 1.0% in January.
Exports of aircraft and other transportation equipment and parts dropped by 35.2% in January, exports of consumer goods increased 13.7%, exports of energy products fell by 7.7%, while exports of motor vehicles and parts were up 7.2%.
Imports rose 1.1% in January.
Imports of motor vehicles and parts slid by 16.1% in January, imports of motor vehicles and parts increased by 3.3%, while imports of consumer goods rose 1.8%.
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