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OTTAWA — Canada’s trade surplus with the U.S. widened in December as overall exports rose thanks in part to higher energy prices, Statistics Canada said recently.
The trade surplus with the U.S. has seen heightened attention as U.S. Donald Trump has repeatedly referenced it as part of his reasoning behind pressuring Canada with possible tariffs. The stronger U.S. economy has created higher demand for imports while Canada’s softening economy has led to the opposite. Imports from the U.S. fell 1.5 per cent in December.
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