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    Canada's trade deficit widened to C$649 million in December | 05.02.2015

    Statistics Canada released the trade data on Thursday. Canada's trade deficit widened to C$649 million in December from a deficit of C$335 million in November. November's figure was revised up from a deficit of C$644 million. Analysts had expected a trade deficit of C$1.0 billion.

     

     

    The decline was driven by falling oil prices.

     

     

    Exports rose 1.5% in December. Exports of energy products declined 10.3%, while shipments of metal and non-metallic mineral products surged 13.1%.

     

     

    Imports climbed 2.3% in December, the fastest pace since May 2014.


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