(Greg Quinn – Globe & Mail)
Canada’s November merchandise trade deficit widened as exports fell the most since January, 2012, on falling crude oil prices.
The deficit of $644-million followed an October reading that was revised to a $327-million deficit from a $99-million surplus, Statistics Canada said Wednesday in Ottawa. Economists surveyed by Bloomberg forecast a $200-million November shortfall, based on the median of 14 forecasts. The widest deficit prediction was $400-million. Read more here.