Canada’s Trade Deficit Widens on Falling Gold, Auto Exports (1)

Canada’s trade deficit widened by more than expected as volatile gold shipments fell and both exports and imports of motor vehicles and parts decreased.

The country’s trade shortfall was C$2.2 billion ($1.6 billion) in November, Statistics Canada reported Thursday. Economists surveyed by Bloomberg were expecting imports to exceed exports by C$690 million.

Total exports fell 2.8%, and shipments of metal and non-metallic mineral products posted the largest decrease, falling 24.4%, the agency said. That was driven by lower exports of unwrought gold, silver, platinum and their alloys — a category mostly composed of gold — which fell 36%.

On a ...