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19 March 2009
Trade Watch: Printing deficit trends up
OTTAWA—Canada recorded another month of print trade deficit, but it’s trending up since hitting its lowest monthly level in October 2008, when it sank to $53 million.
According to the latest figures from Statistics Canada, the trade deficit sits at $14.9 million for January 2009, down from a surplus of $13.8 million in the same period in 2008. That’s a drop of 207.9% Exports, including those to the U.S. have dipped to their lowest level in at least two years. Exports to the U.S. dropped to $71.93 million in January, down from $83.65 million at the same time last year. Imports from the U.S. were up, coming in at $75.76 million for the month, compared to $63.84 million in January 2008. Imports from China were $16.37 million, up from $15.64 million in the same period in 2008.
According to the latest figures from Statistics Canada, the trade deficit sits at $14.9 million for January 2009, down from a surplus of $13.8 million in the same period in 2008. That’s a drop of 207.9% Exports, including those to the U.S. have dipped to their lowest level in at least two years. Exports to the U.S. dropped to $71.93 million in January, down from $83.65 million at the same time last year. Imports from the U.S. were up, coming in at $75.76 million for the month, compared to $63.84 million in January 2008. Imports from China were $16.37 million, up from $15.64 million in the same period in 2008.
EXPORTS | 2009 | 2008 | Change |
January | $87.29 million | $105.97 million | -17.6% |
IMPORTS | 2009 | 2008 | Change |
January | $102.20 million | $92.15 million | 10.9% |
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