5 February 2009
Trade Watch: Printing deficit continues to deepen
OTTAWA—Canada’s print trade deficit continues to worsen, according to the latest figures from Statistics Canada. The trade deficit sits at $169 million for the January-November period, down from a surplus of $60 million in the same period in 2007. That’s a drop of 380.5%. Exports to the U.S. dropped to $87.63 million in November, from $92.92 million at the same time last year. Imports from the U.S. were up, coming in at $93.07 million for the month, compared to $77.36 million in November 2007. Imports from China were $23.60 million, up from $16.53 million in the same period in 2007.
EXPORTS 2008 2007 Change
November $102.19 million $117.42 million -13.0%
Year to date $1.13 billion $1.32 billion -14.4%

IMPORTS 2008 2007 Change
November $133.12 million $108.67 million 22.5%
Year to date $1.30 billion $1.26 billion 3.2%
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