Gold and aerospace surge narrows Canadian trade deficit

Investing.com -- Canada’s merchandise trade deficit narrowed significantly in December, falling to $1.3 billion from a revised $2.6 billion in November. This improvement was driven by a 2.6% increase in exports, largely fueled by a rebound in precious metals and record-breaking shipments in the aerospace sector. CIBC Economist Andrew Grantham noted the impact of these specific sectors on the overall monthly performance. "All that glittered was in fact gold in December, with exports in that volat