Canada’s First Export Gain in 4 Months Narrows Trade Deficit
This article is for subscribers only.
Canada’s merchandise trade deficit was narrower than economists forecast in November with shipments of cars and metals leading the first export gain in four months.
The deficit of C$1.99 billion ($1.41 billion) followed an October shortfall that was pared to C$2.49 billion from the initial reading of C$2.76 billion, Statistics Canada said Wednesday in Ottawa. Economists surveyed by Bloomberg forecast a November deficit of C$2.6 billion, based on the median of 15 estimates.