Friday, October 15, 2010

Canada's growing trade deficit with China

China is a very important trading partner with Canada, but we face an increasing trade deficit. Our imports from China are over 3 ½ times those of our exports, giving us a trade deficit of around $30 billion annually. This information is from the Canadian International Merchandise Trade Database at Statistics Canada. Note that the year 2010 is an estimate based on extrapolated data from January-August.

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