January 13, 2009 at 08:59 AM EST
US Trade Deficit Hits 5 Year Low, USD/CAD Soars
The US trade deficit narrowed materially in the month of November to the smallest since June 2003. Although the narrower trade deficit is normally something to cheer about, the details of the report indicate that the only reasons why trade improved was because of the fall in oil prices and slower domestic demand. The big [...]
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