Canada's trade deficit shrinks

February 11, 2013

The following is excerpted from the 8 February 2013 edition of CBC News.

Canada's merchandise trade deficit with the rest of the world narrowed in the final month of last year, but economists noted the improvement was all on the imports side and the further decline in exports would impact economic growth.

The Statistics Canada report Friday found the deficit closing to $901 million in December from $1.7 billion a month earlier, on the surface a welcome trend in an indicator that has underperformed most of 2012.

This article is available in its entirety at:
http://www.cbc.ca/news/business/story/2013/02/08/business-canada-trade-deficit.html

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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