5 May 2009
Trade Watch: Printing deficit continues
OTTAWA—Canada recorded another month of print trade deficit for the first two months of 2009. According to the latest figures from Statistics Canada, the trade deficit sits at $34.6 million for 2009, down from a surplus of $14.0 million in the same period in 2008.

That’s a drop of 346.1%. Exports to the U.S. dropped to $68.09 million in February, down from $76.90 million at the same time last year. Imports from the U.S. were up, coming in at $70.10 million for the month, compared to $68.90 million in February 2008. Imports from China were $16.29 million, up from $13.80 million in the same period in 2008.

EXPORTS 2009 2008 Change
February $84.20 million $95.59 million -11.9%
Year-to-date $171.51 million     $201.56 million    -14.9%

IMPORTS 2009 2008 Change
February $100.90 million $95.36 million 5.8%    
Year-to-date $206.07 million       $187.52 million   9.9%
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