Canada Trade Deficit Widens to C$3.65 Billion in January
Canada reported a C$3.65 billion trade deficit for January as exports fell 4.7 percent. Reduced motor vehicle output drove the decline in total shipments.
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Canada reported a significant widening of its trade deficit in January, as a sharp decline in exports outpaced a smaller drop in imports. According to data released by Statistics Canada, the national trade gap reached C$3.65 billion ($2.69 billion), nearly tripling the C$1.3 billion deficit recorded in December. This figure substantially exceeded market expectations, as analysts polled by Reuters had anticipated a much narrower deficit of C$900 million.
