Canada posts surprise trade deficit on cars, trucks and crude exports ...Middle East

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Canada posts surprise trade deficit on cars, trucks and crude exports
Canada posted a surprise trade deficit of $312 million in December, as exports were dragged lower by cars, trucks and crude oil, while imports edged up due to a record rise consumer goods, Statistics Canada data show on Wednesday. Analysts in a Reuters poll had forecast a $1.1 billion surplus. November’s surplus was downwardly revised to $1.06 billion from $1.57 billion reported initially. Total exports fell 1.9 per cent in December, the second consecutive decline, while imports were up 0.2 per cent. Canada’s gross domestic product likely grew in December and the economy likely ended the year on a positive note, according to Statscan’s advance estimate released last week. Th

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