Trade deficit reduced

Statistics Canada says the country’s merchandise trade deficit shrank to $169 million in October, a big improvement over the September figure when the deficit was $1 billion. Exports rose one per cent to $38.1 billion with farm, fishing and intermediate food products leading the gains.

Statistics Canada says the country’s merchandise trade deficit shrank to $169 million in October, a big improvement over the September figure when the deficit was $1 billion. Exports rose one per cent to $38.1 billion with farm, fishing and intermediate food products leading the gains. Declines in exports were led by metal ores and non-metallic minerals.

Meanwhile, Statistics Canada says imports fell 1.2 per cent to $38.3 billion and were down 5.7 per cent from the record high of $40.6 billion reached in June. Imports from the United States rose 1.6 per cent to $24.6 billion and exports edged down 0.2 per cent to $27.4 billion, cutting the trade surplus with the United States to $2.8 billion from $3.2 billion in September. Imports from countries other than the United States fell 5.8 per cent to $13.7 billion and exports rose 4.2 per cent to $10.7 billion, reducing the trade deficit with those countries to $2.9 billion from $4.2 billion in September.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

New federal climate think tank looking for a road map to zero emissions

OTTAWA — A new climate change think tank funded by the federal… Continue reading

Statistics Canada says manufacturing sales down 0.6 per cent in November

OTTAWA — Canadian manufacturing sales fell more than expected in November as… Continue reading

Thunberg scolds Davos elites over climate as Trump arrives

DAVOS, Switzerland — Four young climate activists, including Greta Thunberg, scolded the… Continue reading

Prison service trying to better understand the needs of black offenders

OTTAWA — Canada’s prison service is working to better understand the needs… Continue reading

Fracking caused March 2019 earthquake near Sylvan Lake, say scientists

4.18 earthquake south of Sylvan Lake rattled doors and windows as far as Red Deer

WATCH: Canadian kid shovelling snow video goes viral

Rory might just be Canada’s most popular toddler right now, thanks to… Continue reading

Your community calendar

Jan. 22 Downtown House Senior Center (5414 43 St.) in Red Deer… Continue reading

CFL reaches co-operative partnership agreement with Brazilian federation

TORONTO — Add Brazil to the CFL 2.0 initiative. The league announced… Continue reading

David Marsden: Warm tales about the cold

The recent deep freeze has rocked all of us. Every Red Deer… Continue reading

Richard T. Lee makes British Open, joining fellow Canadians Conners and Hadwin

SINGAPORE — Toronto’s Richard T. Lee is the third Canadian to qualify… Continue reading

Film probes radical black-Latino-poor white 1960s alliance

Civil rights activists were still mourning the 1968 assassinations of Rev. Martin… Continue reading

Nine times lucky? Alberta’s Northern Cree takes another shot at Grammy gold

TORONTO — Even the biggest pop stars might want to clear the… Continue reading

Soldiers trade rifles for snow shovels to help dig out St. John’s

ST. JOHN’S, N.L. — Military personnel armed with shovels spread out across… Continue reading

Most Read