Trade deficit widens

Trade deficit widens

Trade deficit widens Canada's exports declined 3.5 per cent in November and imports were down 2.7 per cent according to the latest figures from StatsCan. As a result the trade deficit widened from $327 million in October to $644 million in November. Export declines were led by the energy sector with sales to the US and UK among the largest drops. This was offset to some extent by increased trade with Mexico and Hong Kong. Nine of the eleven export sectors fell in November, although year-over-year exports were up 8.4 per cent.