Canada just racked up a record trade deficit as the value of our oil exports plunged 21%

OTTAWA — Statistics Canada says the country’s merchandise trade deficit grew to a record $4.6 billion in December as lower crude oil prices prompted a drop in exports.Exports were down 3.8 per cent to $46.3 billion in December.

Exports of energy products fell 21.7 per cent to $6.4 billion in December, the lowest level since July 2016. Excluding energy products, exports were essentially unchanged in December.Imports of energy products rose 19.7 per cent to $3.3 billion while imports of motor vehicles and parts were up 4.0 per cent to $9.4 billion in December.

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Canada racks up record trade deficit in December as energy exports slumpCanada racks up record trade deficit in December as energy exports slump GlobeBusiness chicago_canada globebusiness No worries. Despite this record trade deficit and the economy stalled and on the verge of a recession, Canadians can relax because Budgets Balance Themselves and the economy grows from the heart out, especially on Sunny Days. Justin said so and he’s really smart. globebusiness MaximeBernier for PM. Let's make it happen guys. My hope for 2019.
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