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5 February 2009
Trade Watch: Printing deficit continues to deepen
OTTAWA—Canada’s print trade deficit continues to worsen, according to the latest figures from Statistics Canada. The trade deficit sits at $169 million for the January-November period, down from a surplus of $60 million in the same period in 2007.
That’s a drop of 380.5%. Exports to the U.S. dropped to $87.63 million in November, from $92.92 million at the same time last year. Imports from the U.S. were up, coming in at $93.07 million for the month, compared to $77.36 million in November 2007. Imports from China were $23.60 million, up from $16.53 million in the same period in 2007.
EXPORTS | 2008 | 2007 | Change |
November | $102.19 million | $117.42 million | -13.0% |
Year to date | $1.13 billion | $1.32 billion | -14.4% |
IMPORTS | 2008 | 2007 | Change |
November | $133.12 million | $108.67 million | 22.5% |
Year to date | $1.30 billion | $1.26 billion | 3.2% |
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