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- Canada: Posts surprise International trade deficit in December of C$ 0.14B versus C$ 2.5B expected surplus
Canada: Posts surprise International trade deficit in December of C$ 0.14B versus C$ 2.5B expected surplus
- Canada posted a surprise trade deficit of C$ 0.14B in December versus forecasts for a healthy C$ 2.5B surplus.
- The loonie did not see any reaction to the latest not as good as expected Canadian trade figures.
Canada posted a surprise trade deficit of C$ 0.14B in December against expectations for a trade surplus of C$ 2.5B, data from Statistics Canada showed on Tuesday. That marked a sharp decline from November's C$ 2.47B trade surplus. The surprise deficit was driven by a small decline in monthly exports to C$ 57.61B from C$ 58.15B the month prior, while monthly imports jumped to C$57.75B from C$55.68B the month prior.
Market Reaction
The loonie did not see any reaction to the latest not as good as expected Canadian trade figures.
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