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- Canada’s trade deficit narrows less than forecast in January
Canada’s trade deficit narrows less than forecast in January
Statistics Canada announced on
Wednesday that Canada’s merchandise trade deficit stood at CAD4.25 billion in January
2019, narrowing from a revised CAD4.82 billion gap in December 2018 (originally
a CAD4.59-billion deficit).
Economists had expected a deficit
of CAD3.50 billion.
According to the report, the
country’s exports were up 2.9 percent m-o-m in January, the first gain since
July 2018, mainly on the strength of higher crude oil export prices.
Meanwhile, imports jumped 1.5
percent m-o-m, led by higher aircraft imports.
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