The Canadian Press

Canada’s merchandise exports increased 1.1% in November on the strength of energy products, while imports rose 3.9% due to widespread gains.

As a result, Canada’s trade balance with the world went from a surplus of $503 million in October to a deficit of $344 million in November.

Exports increased to $31.6 billion in November, marking the fifth increase in six months, as prices rose 1.1% and volumes remained unchanged.

Excluding energy products, exports fell 0.3%.

Imports increased by $1.2 billion to $31.9 billion in November, almost offsetting the declines of the previous three months.

Most import sectors posted gains, with automotive products, machinery and equipment, and energy products accounting for the bulk of November’s increase.

The exception was industrial goods and materials.

Exports to the United States rose 2% while imports, which increased 3.8%, accounted for almost two-thirds of the gain in overall imports.

As a result, Canada’s trade surplus with the United States narrowed to $3.2 billion in November from $3.5 billion in October.

Exports to countries other than the United States fell 1.2% while imports from these countries increased 4%.

Consequently, Canada’s trade deficit with countries other than the United States widened to $3.6 billion in November from $3 billion in October.