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Canada December trade balance -$0.16B vs -$0.5B expected

Canada December trade balance -$0.16B vs -$0.5B expected
  • Prior was -$0.04B (revised to -$0.22B)
  • Exports $62.97B vs $64.37B prior -- lowest since Feb 2022
  • Imports $63.13B vs $64.41B prior -- lowest since March 2022
  • Canada's trade deficit with countries other than the United States narrowed from $7.3 billion in November to $7.1 billion in December.

Exports fell mostly on lower exports of energy products while imports declined on consumer goods. Canadian crude exports fell mostly on lower oil prices but also b... Read More

Posted: Feb 7 2023, 13:30
Author Name: forexlive
Views: 110876

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