Canada's exports increased 3.9% in December and imports were up 1.6%. Export volumes increased 2.1% and prices 1.8%. For imports, volumes were up 1.5% and prices 0.1%. Consequently, Canada's merchandise trade deficit with the world narrowed from $1.6 billion in November to $585 million in December.

In 2015, annual imports increased 4.4% while exports decreased 0.9%. Consequently, Canada's annual merchandise trade balance with the world shifted from a surplus of $4.8 billion in 2014 to a deficit of $23.3 billion in 2015. However, in real (or volume) terms, exports surpassed imports. Real exports rose 4.0% and imports were up 1.1% in 2015. As a result, Canada's annual trade balance in real terms shifted from a deficit of $10.3 billion in 2014 to a surplus of $3.1 billion in 2015.

This has been excerpted from a 5 February 2016 release by Statistics Canada and is available in its entirety at:
http://www.statcan.gc.ca/daily-quotidien/160205/dq160205b-eng.htm?HPA