Total imports dropped 3.8% to $61.8 billion
Canada sees first decline in unemployment in over a year
Total exports fell 1.9% in December to $64.1 billion, led by reduced shipments of motor vehicles and parts
Softer job market conditions came as high interest rates continued to weigh on growth
Imports fell 2.8% for the month to $63 billion
Those in the bottom half of earners saw their average income decline
Disposable income comfortably outpaced the growth in debt, demand for mortgages fell
Consumer spending “continued to sputter” as economic growth weakened
Core measures of inflation eased slightly last month
Chemical products and motor vehicles were winners, while primary metals fell