Canadian, U.S. December trade deficit improves

(Feb. 8, 2013) -- The Canadian Dec. 2012 merchandise trade deficit narrowed to $0.9 billion from a revised $1.7 billion shortfall in November (initially reported as a deficit of $2 billion). The US Dec. 2012 trade deficit improved by more than was expected by dropping to $38.5 billion from $48.6 billion in November, which was revised downward marginally from an originally reported $48.7 billion.