Canada's Merchandise Trade Deficit Reach $2.2 Billion in November

Canada's merchandise trade deficit widened to $2.2 billion in November, up from $395 million in October, as exports fell 2.8% and imports edged down 0.1%. The decline in exports was driven by a 24.4% drop in metal and non-metallic mineral products, particularly unwrought gold, and an 11.6% decrease in motor vehicles and parts. Imports from countries other than the US reached an all-time high, rising 7.8%, led by China, Germany, and Belgium. Meanwhile, imports from the US fell 5.4%, and exports to the US decreased 1.8%. Canada's trade surplus with the US was $6.6 billion, up from $5.2 billion in October.