Canadian international merchandise trade, November 2020

In November, Canada's merchandise exports increased 0.5%, with gold exports posting the largest increase. Imports edged down 0.3%, on lower imports of industrial machinery, equipment and parts. As a result, Canada's merchandise trade deficit with the world narrowed from $3.7 billion in October, to $3.3 billion in November.

Following a number of significant increases and decreases earlier in the year, the rate of change in Canada's trade activity slowed in November, with total trade edging up 0.1%. This represented the smallest monthly percentage change in 2020.

This has been excerpted from a 7 January 2020 release by Statistics Canada.