Canadian international merchandise trade, November 2020

January 11, 2021

In November, Canada's merchandise exports increased 0.5%, with gold exports posting the largest increase. Imports edged down 0.3%, on lower imports of industrial machinery, equipment and parts. As a result, Canada's merchandise trade deficit with the world narrowed from $3.7 billion in October, to $3.3 billion in November.

Following a number of significant increases and decreases earlier in the year, the rate of change in Canada's trade activity slowed in November, with total trade edging up 0.1%. This represented the smallest monthly percentage change in 2020.

This has been excerpted from a 7 January 2020 release by Statistics Canada.

Topic(s)

International Trade and Border Management

Information source

Other Government Departments (OGDs)

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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