November Trade Deficit Over $1 Billion, October Deficit Far Worse Than Previously Reported

More concerning news for Canadian economy.

Canada’s November trade deficit was $1.1 billion in November.

As noted by BNN Bloomberg, the number is “raising concerns about the strength of the domestic economy.”

Even worse, the trade deficit in October was massively revised upwards, from $1.1 billion to $1.6 billion.

“The report paints a picture of a fragile trade backdrop in Canada and while part of the weakness is attributable to the rail strike, it will be hard for policy makers to shrug this off given the recent disappointing numbers across jobs, manufacturing and retail sales reports.”

Canada’s trade deficit with China has now at $1.9 billion.

At this point, it’s becoming more and more difficult for the government and establishment press to hide the fact that Canada’s economy is dramatically weakening.

Spencer Fernando

Photo – YouTube

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NancyW

Gee now does the lieberal press think that Pierre Poilievre had it right when he talked about a recession coming. Pres. Trump is also worried that a recession is coming.

niclal

but keep giving away dollars and taking holidays Trudeau , the drama teacher ….the world will find out how to run a country ….

Brian Dougan

“Raising concerns about the strength of the of the Canadian economy.” Why does the word “strength” appear in any report on Canada’s economic failings? It’s out of place; even in a negative context. Weakness is the appropriate term. This entire; once mediocre country has become the weak; scrawny kid on the beach–Derided and bullied by the strong men. Sand kicked in our face by the Chinese. No self respect. “Please sir…more sand.” Hopefully this will end–When the feminist school girl gets his pampered rear end kicked. My apologies to school girls.

Jane

Weakening economy, rising debt load – both private and governmental- looks to me like Canada is ripe for a takeover by our debtors, and the globalist elite ! Who DO we own the most money too – my guess is China.
So, ALL going as per Trudeau’s grand plan……@#$%globalist

Del

When he comes out with his numbers, is Morneau even referring to Canada?

Don Taylor

That is what Turdeau and a Liberal Govt does to a country !