Canada posted a trade deficit of C$1.09 billion ($0.84 billion) in November, tha...
OTTAWA - Canada posted a trade deficit of C$1.09 billion in November, thanks in part to a major railway strike that slowed the shipment of imports and exports, Statistics Canada said on Tuesday.
The figures are the latest in a string of unimpressive recent data that analysts say are likely to point to fourth-quarter annualized economic growth coming in below the 1.3% that the Bank of Canada had forecast in October. Energy exports declined 7.4% on lower shipments of crude oil, the agency said, because of pipeline disruptions following a rupture in late October.
Peter Hall, chief economist at Export Development Canada, said the dip in exports was also tied to global trade worries stemming from a dispute between China and the United States.
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