Canada's merchandise exports fell 2.0% in January, in part due to lower exports of motor vehicles, while imports were down 0.5% mostly on lower imports of pharmaceutical products. As a result, Canada's merchandise trade deficit with the world widened from $732 million in December 2019 to $1.5 billion in January. Total exports fell 2.0% in January to $48.1 billion, with 9 of 11 product sections posting declines. In real (or volume) terms, exports were down 3.1%. Chart 2 Chart 2: Contributions to the monthly change in exports, by product, January 2020 Contributions to the monthly change in exports, by product, January ... (full story)