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 versus forecasts for a healthy C$ 2.5B surplus.
The loonie did not see any reaction to the latest not-as-good-as-expected Canadian trade figures.

Joel Frank Independent Analyst

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.

Market Reaction

The loonie did not see any reaction to the latest not as good as expected Canadian trade figures.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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