Statistics Canada reports merchandise trade deficit $2.2 billion in November

Statistics Canada says exports fell in November as the country posted a merchandise trade deficit of $2.2 billion for the month.

The agency says the result compared with a revised trade deficit of $395 million in October.

Total exports fell 2.8% in November to $63.9 billion as exports of metal and non-metallic mineral products dropped 24.4%. Exports of motor vehicles and parts also fell 11.6% to reach their lowest level in three years.

Meanwhile, total imports fell 0.1% in November to $66.1 billion.

Imports of motor vehicles and parts dropped 4.5% as imports of passenger cars and light trucks fell 4.8% mainly because of lower imports from the United States.

In volume terms, total exports in November fell 0.9%, while imports rose 0.9%.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.