19 March 2009
Trade Watch: Printing deficit trends up
OTTAWA—Canada recorded another month of print trade deficit, but it’s trending up since hitting its lowest monthly level in October 2008, when it sank to $53 million.

According to the latest figures from Statistics Canada, the trade deficit sits at $14.9 million for January 2009, down from a surplus of $13.8 million in the same period in 2008. That’s a drop of 207.9% Exports, including those to the U.S. have dipped to their lowest level in at least two years. Exports to the U.S. dropped to $71.93 million in January, down from $83.65 million at the same time last year. Imports from the U.S. were up, coming in at $75.76 million for the month, compared to $63.84 million in January 2008. Imports from China were $16.37 million, up from $15.64 million in the same period in 2008.

EXPORTS 2009 2008 Change
January $87.29 million $105.97 million -17.6%

IMPORTS 2009 2008 Change
January $102.20 million $92.15 million 10.9%

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