• Canada's merchandise trade deficit totalled $2.5 billion in November

Market news

5 January 2018

Canada's merchandise trade deficit totalled $2.5 billion in November

Canada's merchandise trade deficit with the world totalled $2.5 billion in November, widening from a $1.6 billion deficit in October. Imports were up 5.8% and exports rose 3.7%, both due largely to increased activity in the automotive industry.

Total imports rose 5.8% to $48.7 billion in November, the strongest increase since July 2009. Increases were observed in 10 of 11 sections. Volumes rose 5.0% and prices were up 0.7%. Imports of electronic and electrical equipment and parts, motor vehicles and parts, as well as aircraft and other transportation equipment and parts contributed the most to the growth in November. Year over year, total imports were up 8.1%.

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