{"id":4221,"date":"2015-01-07T16:06:16","date_gmt":"2015-01-07T21:06:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4221"},"modified":"2015-01-07T16:06:16","modified_gmt":"2015-01-07T21:06:16","slug":"canada-posts-trade-deficit-in-november-and-it-turns-we-had-one-in-october-too","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4221","title":{"rendered":"Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too"},"content":{"rendered":"<h4 class=\"title\"><a href=\"http:\/\/www.huffingtonpost.ca\/2015\/01\/07\/trade-deficit-canada-november_n_6429106.html\" target=\"_blank\">Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too<\/a><\/h4>\n<p>OTTAWA &#8211; Canada had a larger-than-expected trade deficit in November as a drop in crude oil and bitumen led a broad decline in exports.<\/p>\n<p>Statistics Canada said Wednesday that the country posted a merchandise trade deficit of $644 million in November compared with a deficit of $300 million that had been expected by economists, according to Thomson Reuters.<\/p>\n<p>The federal agency also revised its results for October to show a deficit of $327 million, compared with an initial reading of a $99-million surplus.<\/p>\n<p>BMO Capital Markets senior economist Benjamin Reitzes called the November report &#8220;bleak, with negatives almost across the board.&#8221;<\/p>\n<p>&#8220;While trade performed solidly in 2014 as a whole, it&#8217;s not ending the year in particularly good shape,&#8221; Reitzes wrote in a note to clients.<\/p>\n<p>&#8220;And, the trade deficit is likely to worsen materially due to the steep drop in energy prices, suggesting it will be some time before we see another surplus.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too OTTAWA &#8211; Canada had a larger-than-expected trade deficit in November as a drop in crude oil and bitumen led a broad decline in exports. Statistics Canada said Wednesday that the country posted a merchandise trade deficit of $644 million in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,2488,1775,1936,805,806],"class_list":["post-4221","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-energy-prices","tag-oil-price-collapse","tag-statistics-canada","tag-trade","tag-trade-deficit"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4221"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4221\/revisions"}],"predecessor-version":[{"id":4222,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4221\/revisions\/4222"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}