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    Canada's trade deficit widened to C$2.45 billion in January | 06.03.2015

     

    Statistics Canada released the trade data on Friday. Canada's trade deficit widened to C$2.45 billion in January from a deficit of C$1.22 billion in December. December's figure was revised down from a deficit of C$0.65 billion. Analysts had expected a trade surplus of C$0.3 billion.

     

     

    The decline was driven by falling oil prices.

     

     

    Exports declined 2.8% in January. Exports of energy products declined 14.7%.

     

     

    Imports were flat in January.


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