The widening in the trade deficit to $3.2bn in December, from $2.7bn, illustrates that Canada is still struggling to benefit from the broad acceleration in global economic growth. The stagnation in real export volumes in the final month of last year adds to the evidence that fourth-quarter GDP growth was slightly less than 2% annualised.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services