Canadas: Trade Deficit

trade deficit: The Canadian dollar was trading at 92.58 cents after falling more than a cent Tuesday to its lowest close since late 2009, according to Huffington Post. Canadas trade deficit numbers also spooked the markets, with Statistics Canada reporting Tuesday that the country's overall trade deficit with the world grew to $940 million in November as imports rose to $40.7 billion, while exports were unchanged at $39.8 billion and The loonie continued its long slide Wednesday, hitting a fresh four-year low against the U.S. dollar. The slide followed a spate of bad news about Canadas economy. The Ivey Purchasing Managers Index, a measure of economic activity, came in much lower than expected for last month , at 46.3, compared to 53.7 the month before. A reading below 50 suggests economic contraction. (www.immigrantscanada.com). As reported in the news.