2013-41 Our trade deficit

For a year and a half, Canada had a trade deficit
Why? Relatively strong economy. A part of all spending is on imports; if spending increases, so do imports.
Also, the Canadian dollar is overvalued, making Canadian goods expensive relative to foreign goods.
We have a big surplus with the United States ($4 billion) and a big deficit with the rest of the world ($5.3 billion). Note that three quarters of our exports go to the U.S.