Canada: Posts surprise International trade deficit in December of C$ 0.14B versus C$ 2.5B expected surplus

Canada posted a surprise trade deficit of C$ 0.14B in December against expectations for a trade surplus of C$ 2.5B, data from Statistics Canada showed on Tuesday. That marked a sharp decline from November's C$ 2.47B trade surplus. The surprise deficit was driven by a small decline in monthly exports to C$ 57.61B from C$ 58.15B the month prior, while monthly imports jumped to C$57.75B from C$55.68B the month prior.