26 February 2009
Trade Watch: Printing deficit deepens
OTTAWA—Canada’s print trade deficit continues to worsen, according to the latest figures from Statistics Canada. The trade deficit sits at $176 million for the January-December period, down from a surplus of $71 million in the same period in 2007. That’s a drop of 348.4%. Exports to the U.S. dropped to $81.81 million in December, from $84.36 million at the same time last year. Imports from the U.S. were way up, coming in at $84.72 million for the month, compared to $65.33 million in December 2007. Imports from China were $18.73 million, up from $13.81 million in the same period in 2007.

EXPORTS 2008 2007 Change
December $106.95 million $103.64 million 3.2%
Year to date $1.25 billion $1.43 billion -12.5%


IMPORTS 2008 2007 Change
December $122.57 million $92.93 million 31.2%
Year to date $1.42 billion $1.36 billion 5.0%

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