Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Thu Feb 6, 2014 04:34 PM CST

Thursday's trade data for December released by Statistics Canada was not the news that the Canadian economy wanted to hear. While the weaker Canadian dollar helps the export sector, it also makes imports more expensive, with December's data taking economists off-guard.

Canada's trade deficit increased to $1.66 billion in December, while analysts are reported to have forecast a fall to $700 million from last month's $940 million, a number which was also revised higher. The farm, fishing and intermediate food products category saw December trade reported at $2.339 billion, down 4.5% from November and down 5.6% from December 2012.

Meanwhile, ...

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