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04.03.2016 13:54 Canada's trade deficit widens to C$0.66 billion in January

Statistics Canada released the trade data on Friday. Canada's trade deficit widened to C$0.66 billion in January from a deficit of C$0.63 billion in December. December's figure was revised down from a deficit of C$0.59 billion.

 

Analysts had expected a trade deficit of C$1.05 billion.

 

The rise in deficit was driven by higher imports.

 

Exports climbed 1.0% in January.

 

Exports of aircraft and other transportation equipment and parts dropped by 35.2% in January, exports of consumer goods increased 13.7%, exports of energy products fell by 7.7%, while exports of motor vehicles and parts were up 7.2%.

 

Imports rose 1.1% in January.

 

Imports of motor vehicles and parts slid by 16.1% in January, imports of motor vehicles and parts increased by 3.3%, while imports of consumer goods rose 1.8%.



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