Thursday, February 11, 2010

Canada's foreign trade deficit rose to 246 million

The main source of growth in exports and imports in Canada in December, was the production of the automobile. Export volumes increased by 1,7%, and the volume of import - by 1,8%.

As a result, Canada's trade deficit rose in December to 246 million, compared with 201 million in November.

Export volumes rose in the reporting period to 32.2 billion after a 31.7 billion in November. Automotive products amounted to approximately 2 / 3 of export growth, as increased volumes of exports of machinery, equipment and energy.

Volume of imports to Canada rose in December to 32.4 billion, compared with 31.9 billion in the previous month. Approximately half of the growth of import volumes fell on cars. In addition, increased imports of industrial goods and materials, and energy.

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