Statistics Canada says the country's merchandise trade deficit narrowed to $4.2 billion in January as higher oil prices helped exports rise faster than imports.
of $4.8 billion for December compared with an initial reading of a deficit of $4.6 billion for the final month of 2018.Statistics Canada said total exports rose 2.9 per cent to $47.6 billion in January, the first increase since July 2018. Excluding energy products, exports rose 1.2 per cent in January.
Meanwhile, total imports rose 1.5 per cent to a record $51.8 billion in January, boosted by imports of aircraft and other transportation equipment and parts. Imports of aircraft and other transportation equipment and parts rose 52.6 per cent to a record $2.7 billion due to higher imports of airliners from the United States.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five things to watch for in the Canadian business world in the coming weekStatistics Canada is set to report gross domestic product figures for January on Friday.
Read more »
Sharp uptick in hate crimes in recent years, Statistics Canada saysWhat we can do to help stamp it out?
Read more »
Statistics Canada reports pace of inflation ticked higher in FebruaryThe annual pace of inflation edged higher in February as gains in most sectors offset lower gasoline prices.
Read more »
Canada should expel Chinese athletes in canola trade dispute: Former ambassador“We are going to lose billions in dollars in trade and it’s time to show our displeasure,” says Guy Saint-Jacques
Read more »
Vancouver Weather: Cloudy, with a slight chance of showersEnvironment Canada says there should be a high of 15 C on Friday, with rain overnight.
Read more »
Morning Update: The latest on SNC; what’s next on Brexit; resentment rising in Western CanadaAlso: A Quebecois drama is one of the best films of the year, Barry Hertz writes
Read more »
David making his mark for Canada and in Belgium - TSN.caMaking an instant impact is nothing new to Canadian forward Jonathan David, scoring in his debut for the national team as well as Belgian club side Gent. As Canada prepares to face French Guiana in Nations League qualifying, the 19-year-old is primed to continue his ascent. You can see Canada take on French Guiana on TSN2, Sunday at 6pm et/3pm pt.
Read more »