Statistics Canada says merchandise trade deficit $323M in November
Posted January 7, 2025 9:17 am.
Last Updated January 7, 2025 12:32 pm.
OTTAWA — Statistics Canada says the country’s merchandise trade deficit with the world was $323 million in November.
The result compared with a revised deficit of $544 million in October.
The agency says exports rose 2.2 per cent to $66.1 billion in November, helped in part by higher prices.
Exports of consumer goods rose 4.4 per cent, boosted by an 11.9 per cent increase in exports of pharmaceutical products. Metal and non-metallic mineral product exports increased 3.8 per cent, helped by an increase in unwrought gold.
Higher prices for crude oil helped exports of energy products rise 2.1 per cent.
Meanwhile, total imports rose 1.8 per cent to $66.4 billion in November, helped by a 3.8 per cent increase in consumer goods and a 4.3 per cent rise in industrial chemical, plastic and rubber products.
This report by The Canadian Press was first published Jan. 7, 2025.
The Canadian Press
