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Trucks and cars wait to cross into the United States over the Ambassador Bridge in Windsor.
Trucks and cars wait to cross into the United States over the Ambassador Bridge in Windsor.
(Jason Kryk/The Globe and Mail)

Energy getting shut out of Canada’s export growth story

The swelling of Canada’s trade deficit in December isn’t necessarily the bad news that knee-jerk foreign-exchange traders initially thought. Still, the trade report amplifies a worrisome trend in the energy sector – one that adds fodder to the currency market’s continuing rethinking of the Canadian dollar’s value.