$1.5B Merchandise Trade Deficit

Merchandise deficit

CBJ — Canada’s merchandise trade deficit grew to $1.5 billion in January compared with $732 million in December with lower exported products.

Figures from Statistics Canada reveal exports in January were off 2% to about $48 billion. Several key product exports were down, including the automotive sector, which had a 4% drop.

The losses were somewhat offset by a drop of 0.5% in imports.

@CanBizJournal

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