- RBC says Jan trade deficit (-$52.6b) had exports +1.4% but imports +2.1%.
Market news
9 March 2012
RBC says Jan trade deficit (-$52.6b) had exports +1.4% but imports +2.1%.
"Excluding the impact of prices, the real trade balance widened to -$49.1 billion from a revised -$48.3 billion in December. The widening points to downside risk to exports adding to growth. But strengthening labor mkt and rising auto sales show continued growth which ests at +2.4% in Q1.”
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