(Ottawa) Statistics Canada reports that Canada’s merchandise trade deficit with the world stood at $323 million in November.
Posted at 12:00 p.m.
This result compares to a revised deficit of 544 million in October.
The agency says exports rose 2.2% to 66.1 billion in November, partly thanks to rising prices.
Exports of consumer goods jumped 4.4%, driven by an 11.9% increase in exports of pharmaceutical products. Exports of metal products and non-metallic mineral products increased 3.8%, led by a surge in raw gold.
The rise in crude oil prices contributed to the 2.1% increase in exports of energy products.
Meanwhile, total imports rose 1.8% to 66.4 billion in November, led by a 3.8% rise in consumer goods and a 4.3% rise in basic and industrial chemicals, of plastic and rubber products.
Canada’s trade surplus with the United States increased from $6.6 billion in October to $8.2 billion in November.
Exports to the United States increased by 6.8% and imports by 4.1%.
Canada
