FXstreet.com (Barcelona) - Canadian trade balance surplus has declined in November to the lowest in 11 years, as exports declined to a larger extent than imports, and petrol prices dropped considerably, according to data released by Statistics Canada.

In November, Canadian trade surplus dropped to C$1.28 billion from revised C$2.25 billion trade surplus in October, previously released C$3.78 billion.

November's surplus has been the lowest since October 1997. Exports fell, for the fourth month in a row, 6.8% to C$39.24 billion, while imports declined 4.8% to C$37.96 billion.