Statistics Canada said total exports rose 2.9% to $47.6 billion
Oil prices weighed on exports
The trade deficit narrowed in September
Surplus with U.S. highest since October 2008
U.S. tariffs come as talks regarding the North American Free Trade Agreement continue.
Strengthening domestic demand boosts imports
Economists had expected a deficit of $2.2 billion, down from $2.7 billion in November
Canada’s exports increase following four consecutive monthly declines
Two studies suggest ending trade deal would do minor damage
The central bank is also keeping close tabs on the rise in protectionist sentiment in some parts of the world and what it might mean for the Canadian economy