Canadian Government Notices as of Jan. 9
The government of Canada recently issued the following trade-related notices as of Jan. 9 (some may also be given separate headlines):
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- Canadian international merchandise trade for November 2018. Statistics Canada reported Jan. 8 that total Canadian exports fell 2.9 percent in November 2018, to $48.3 billion, mainly on a drop in crude oil exports, while imports decreased 0.5 percent. As a result, Canada's merchandise trade deficit with the world widened from $851 million in October to $2.1 billion in November. The November slide was a fourth consecutive monthly decline. Export volumes were down 1.8 percent, while prices fell 1.1 percent. Crude oil exports were 17.7 percent lower, driven by a 13.9 percent drop in prices, which were down for a third consecutive month.