Canada’s Trade Surplus With US Widens Before Trump’s Return (1)

Canada’s trade surplus with the US widened as did its deficit with the rest of the world, underscoring the major role its biggest trading partner and southern neighbor plays in its economy.

The surplus with the US helped narrow the country’s overall deficit. In November, total imports exceeded exports for the ninth straight month, bringing the trade deficit to C$323 million ($226 million), down from C$544 million in October, Statistics Canada reported Tuesday.

Economists in a Bloomberg survey were expecting a C$900 million deficit that month.

Canada’s exports to the US rose 6.8% in November, while imports increased 4.1%. Canada’s ...