Canada trade deficit up in JanuaryChristian Fernsby ▼ | March 8, 2020
Canada's international trade deficit rose to 1.5 billion Canadian dollars (about 1.1 billion U.S. dollars) in January from 732 million in December 2019, according to Statistics Canada.
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Exports of motor vehicles and parts registered the largest decline in January, down 4.1 percent to 7.3 billion Canadian dollars, the lowest level since May 2018.
Exports of energy products were down 1.7 percent in January, mainly on decreased exports of natural gas, which plunged 26.2 percent.
Total imports were down 0.5 percent in January to 49.6 billion Canadian dollars. Imports of consumer goods posted the largest decline, dropping 6.3 percent on lower imports of pharmaceutical products. ■