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DJ Canada Trade Deficit Narrows in December to C$1.67 Billion

DJ Canada Trade Deficit Narrows in December to C$1.67 Billion

· 02/05/2021 08:44

By Kim Mackrael

OTTAWA--Canada's trade deficit in merchandise goods narrowed in December, led by higher exports of energy products and a decline in imports of consumer goods.

Statistics Canada said Friday that Canada's deficit in the global trade of merchandise goods in December came in at 1.67 billion Canadian dollars, or the equivalent of US$1.3 billion. Market expectations were for a C$3.1 billion deficit, according to economists at Bank of Nova Scotia.

The previous month's trade deficit was slightly revised to C$3.56 billion versus the earlier estimate of C$3.34 billion.

Write to Kim Mackrael at kim.mackrael@wsj.com

(END) Dow Jones Newswires

February 05, 2021 08:44 ET (13:44 GMT)

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