OTTAWA—Canada had a larger-than-expected trade deficit in November as a drop in oil prices led a broad decline in exports. Statistics Canada said Wednesday the country posted a merchandise trade deficit of $644 million in November, higher than the $300 million deficit expected by economists, according to Thomson Reuters. The federal agency also revised its results for October to show a deficit of $327 million, compared with an initial reading of a $99 million surplus. Export Development Canada’s chief economist Peter Hall noted the November numbers were down in nine of 11 broad trade categories. “It certainly is a red-ink month, isn’t it?” Hall said in an interview Wednesday.
- U.S. raises trade deficit concerns in Japan talks; no deal yet on auto issues
- US trade deficit widened to $50.1 billion in July
- Made in Pakistan: Why exporting apparel is the answer to Pakistan’s rising trade deficit
- U.S. zeroes in on Europe's cars in battle to fix trade deficit
- U.S. zeros in on Europe's cars in battle to fix trade deficit
- Bilateral Trade Deficits
- Trudeau calls meeting as Canada, US near free trade deal
- The NBA's Trade Deficit
- Dundee United record £3.7m loss & large turnover deficit
- Levy Metal: Tariffs Are Coming, Canada and Mexico May See Exemptions
Canada posts surprisingly large trade deficit have 215 words, post on www.thestar.com at January 7, 2015. This is cached page on CuBird. If you want remove this page, please contact us.