Canada's trade deficit shrank in October as exports rose, despite increased imports from the U.S.

Canada's trade deficit narrowed to $924 million in October, with exports rising 1.1% to $64.2 billion, driven by a surge in metal and non-metallic mineral products. Imports increased by 0.5% to $65.1 billion. The improvement came despite a fall in exports to the U.S. and a rise in imports from the U.S. Statistics Canada noted data quality issues due to a shift to a digital platform for duty payments.

December 05, 2024
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