High earners feeling the effects, but have more capacity to absorb rising costs
Total imports rose 8.4% to a record $72.1B in the month
Geopolitical uncertainty, especially the war in Iran, loom large for Japan's export-reliant economy
Canadians divested a record $20.5B from U.S. Treasury bonds in the quarter
The result compared with a revised deficit of $2.6B for November
Exports rose 6% last year, while imports rose nearly 5%
Economists expect exports will continue to support China’s economy this year
An increase in imports outpaced the growth of exports in the month: Statistics Canada