Dec. Trade Balance -C$0.37B vs..........>

CANADA DATA: Dec. Trade Balance -C$0.37B vs. Forecast -C$0.68B 

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- Nov. revised trade balance -C$1.195B vs. prior -C$1.089B.

- Dec. exports +1.9% MoM to C$49.3B; +2.8% in volume terms. 

- Imports +0.2% MoM to C$49.7B; +0.2% in volume terms.

- Dec. trade balance with U.S. +C$5.2B vs. -C$5.6B with non-US 

countries.

- Exports of energy products (+9.5%) mainly drove the December increase; 

excluding energy products, exports +0.3%.

- Gains on imports of consumer goods (+4%) and aircraft and other 

transportation equipment (+19.9%) offset by metal/non-metal minerals 

(-20.6%).

- Dec. exports of services +0.6% vs imports -0.7%.

- Total exports +6.4% YoY vs. imports -3.2%.

- 2019 trade deficit C$18.3B; the smallest since 2014.

- Wheat stocks -0.5% YoY to 25M Tonnes.

- Canola stocks -2.4% YoY to 14.3M Tonnes.