The U.S. trade deficit widened in November, likely as businesses worried about President-elect Donald Trump's threats to raise tariffs on foreign goods front-loaded imports, more than offseting a surge in exports to a record high.

The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated shipments ahead of a possible dockworkers’ strike and in anticipation of potential tariffs by the Trump administration.

Canada recorded a ninth consecutive monthly trade deficit in November, albeit smaller than expected, as exports rose faster than imports, and its trade surplus with the United States widened, data showed on Tuesday.

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.

Canada recorded a ninth consecutive monthly trade deficit in November, albeit smaller than expected as exports rose faster than imports, data showed on Tuesday. Total exports rose 2.2% in November, helped by gains in a broad section of product categories,

"A new government could be good for [the Canadian dollar], and Trudeau is speeding up the process," wrote Kyle Chapman, FX markets analyst at Ballinger Group, in an email on Monday. Chapman argued the election of a conservative prime minister,