Canada’s merchandise trade deficit drops again in November
Statistics Canada announced that Canada’s merchandise exports increased 2.2% in November, while imports rose 1.8%.
Canadian railways’ freight volume was up slightly in November
Statistics Canada reports that Canadian railways transported 32.4 million tonnes of freight in November, slightly above (+0.8%) November 2022 levels. Albeit small, this marked the first year-over-year increase in rail volumes in seven months as higher carloadings of potash, coal and wheat more than offset declines in canola and other grains.
Canada’s trade deficit rises to $3.7 billion in June
Statistics Canada announced that the country’s merchandise exports decreased 2.2% in June, while imports were down 0.5%.
Trade by exporter and importer characteristics: Goods, 2022
Both the value of exports and imports of goods rose substantially in 2022. However, the rise in the value of trade was not reflected in the number of traders. The number of exporting enterprises (+0.7%) edged up to reach 48,036 in 2022, while the number of importing enterprises remained stable at 160,238.
