Canada's trade deficit narrowed in October to $1.5 billion, a big decline after hitting a revised $3.4 billion the previous month, Statistics Canada reported Tuesday. Exports rose across almost all sectors to $44.5 billion after shrinking for the past four months. Higher exports of canola seed and canola oil helped boost exports of farm, fishing and intermediate food products by 7.7 per cent to $2.8 billion. "Since Canada imports the majority of its capital goods, the leading indicator for investment spending comes from the import figures," he wrote in a note to clients. "Imports of industrial machinery fell by 1.9 per cent month over month in value terms and declined for the third time in four months."

Source: CBC News December 05, 2017 15:56 UTC