Trade Surplus Shrinks As Dollar Hits Parity

Meanwhile, Canada's trade balance with the world fell to its lowest level since December 1998 -- narrowing to $2.6 billion. The balance of trade shows the difference between the value of the goods and services that a country exports and the value of the goods and services that it imports. A trade surplus occurs when a country's exports exceed its imports. When the opposite occurs, it is deemed a trade deficit. Canada's trade surplus with the United States shrank to $6.2 billion in September. Canada's trade deficit with all other countries expanded to $3.5 billion in the same month. All principal trading areas contributed to the increase except for Japan, as Canada's trade deficit with that country decreased. http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20071109/trade_surplus_071109/20071109?hub=Canada

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