Canada has now run a trade deficit for the past 21 months.
Add this to the increase of negative economic data facing Canadians:
Imports and exports both fell, and Canada ran a trade deficit for the 21st consecutive month.
In September, exports fell 0.2%, while imports dropped 0.4%.
Canada’s trade deficit in September hit $416 million.
It had been originally thought the streak of trade deficits was broken in August, when the government initially said there had been a surplus of $526 million. However, that was since revised to a deficit of $551 million, keeping the streak of deficits going.
The fact that Canada has had a trade deficit for nearly two years is concerning, and points to the underlying issues in our economy.
Added to the investment collapse, household debt crisis, rising interest rates, rising taxes, and more, the Canadian economy is facing serious problems which are being made far worse by the policies of the Trudeau government.
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