6 Feb 2014
Canada: Trade deficit at 13-month high
FXStreet (Córdoba) - The Canadian trade gap widened to CAD 1.66 billion from CAD1.53 billion in November, Statistics Canada said Thursday. The reading missed analyst expectations of a CAD 0.70 billion deficit.
The deficit is the biggest in 13 months and comes on the back of record imports. Exports rose 0.9% to CAD 39.72 billion after declining 1.3% the previous month. Imports soared to 1.2% following a 0.3% gain in the prior month, to reach C$41.38 billion.
The deficit is the biggest in 13 months and comes on the back of record imports. Exports rose 0.9% to CAD 39.72 billion after declining 1.3% the previous month. Imports soared to 1.2% following a 0.3% gain in the prior month, to reach C$41.38 billion.