Canada’s merchandise imports fell 2.8% in December and exports declined 0.9%, resulting in a decrease of our trade deficit with the world from $1.7 billion in November to $901 million in December.
Imports fell to $38.5 billion, as volumes decreased 2.7%. Imports were down in most sectors, the largest decrease being in basic and industrial chemical, plastic and rubber products. Exports declined to $37.6 billion as volumes fell 2.1%. Decreases in exports of energy products as well as motor vehicles and parts were partly offset by an increase in metal ores and non-metallic minerals. Continue reading