Canada’s trade deficit widened by more than expected as volatile gold shipments fell and both exports and imports of motor vehicles and parts decreased.
The country’s trade shortfall was C$2.2 billion ($1.6 billion) in November, Statistics Canada reported Thursday. Economists surveyed by Bloomberg were expecting imports to exceed exports by C$690 million.
Total exports fell 2.8%, and shipments of metal and non-metallic mineral products posted the largest decrease, falling 24.4%, the agency said. That was driven by lower exports of unwrought gold, silver, platinum and their alloys — a category mostly composed of gold — which fell 36%.
On a ...