Canada's trade deficit widens to C$1.96 billion in November

Fri Jan 11, 2013 8:32am EST
 
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(Reuters) - Canada posted a larger than expected trade deficit of C$1.96 billion ($2.00 billion) in November from a revised C$552 million deficit in October as imports rose and exports fell, according to Statistics Canada data on Friday.

Imports rose by 2.7 percent to C$39.47 billion while exports dropped by 0.9 percent to C$37.51 billion. Canada's trade surplus with the United States increased to C$3.34 billion from C$2.69 billion in October as exports outgrew imports. Following are the seasonally adjusted figures in billions of Canadian dollars: Merchandise trade Nov Oct(rev) change pct Oct(prev) Balance -1.961 -0.552 n.a -0.169 Exports 37.512 37.867 -0.9 38.114 Imports 39.473 38.420 +2.7 38.282

(Reporting by Alex Paterson; Editing by David Ljunggren)