Thursday, April 24th7.8°C
20923

Deficit spikes to $2 billion in November

The Canadian dollar was higher early Friday after new data showed that the country's trade deficit with the world jumped in November.

The loonie rose 0.12 of a cent to 101.69 cents US before stock markets opened.

In the morning, a report from Statistics Canada said the country's trade deficit with the world ballooned to $2 billion in November from $552 million in October as merchandise imports rose 2.7 per cent and exports fell 0.9 per cent.

"It looks like trade will take another bite out of already weak economic growth," said Sal Guatieri, senior economist at BMO Capital Markets in a note.

"Total exports are now 6.3 per cent below year-ago levels, the worst performance in three years, while imports are flat."

Commodities were weaker, with February crude down 47 cents to $93.35 a barrel on the New York Mercantile Exchange.

Gold prices backtracked with the February contract down $4 to US$1,674 an ounce.

The Canadian Press


Read more Business News

20880


Recent Trending




Today's Market
S&P TSX14554.25+20.86
S&P CDNX1014.453.47
DJIA16501.650.00
Nasdaq4148.338+21.372
S&P 5001878.61+3.22
CDN Dollar0.9072-0.0002
Gold1291.30+7.1001
Oil102.15-2.22
Lumber334.20+2.30
Natural Gas4.707+0.002

 
Okanagan Companies
Pacific Safety0.11-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.35+0.13
Cantex0.05+0.005
Anavex Life Sciences0.36-0.02
Metalex Ventures0.075-0.005
Russel Metals31.48+0.18
Copper Mountain Mining2.49+0.16
Colorado Resources0.265-0.005
ReliaBrand Inc0.11+0.03
Sunrise Resources Ltd0.03+0.005
Mission Ready Services0.250.00

 





FEATURED Property
18170351855 Watson Road
4 bedrooms 3 baths
$4,000,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


On living and dying

Our ability to live beyond our years has nothing to do with medical science; we will all live longer than our physical bodies, each of us will leave behind a personal legacy made up of our deeds, our ...


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...

_





21637


Member of BC Press Council