US EditionStatistics Canada says country posted $987M merchandise trade deficit in July
- Canada recorded a merchandise trade deficit of $987 million in July, with imports falling due to lower shipments of gold and the B.C. Port strike. Total imports decreased by 5.4%, with a 25.3% drop in imports of metal and non-metallic mineral products. Import of goods from Pacific Rim countries and reliant on B.C. Ports were lower as well.
- Despite the port strike, total exports rose by 0.7% in July. The rise in exports was mainly due to higher exports of canola, aircraft, and transportation equipment and parts. By volume, exports fell by 0.2%.
- The smaller trade deficit in July was unexpected, as analysts had forecasted a larger deficit. The trade report signals a positive start to the third quarter and may help alleviate the impact of slowing trade on the economy.
24 Articles
24 Articles
Canada's trade deficit shrinks in July as West Coast port strike weighs
OTTAWA –Canada recorded a smaller-than-expected trade deficit in July, as a West Coast dock workers’ strike weighed more heavily on imports than on exports, Statistics Canada data showed on Wednesday. Canada‘s trade deficit with the world came in at C$987 million ($722.97 million), lower than the C$3.65 billion shortfall analysts had forecast in a Reuters poll. June’s deficit was revised to C$4.92 billion – the third The post Canada’s trade de…
Canada Trade Deficit Narrows As Imports Plunge In July
Canada's trade deficit narrowed in July to Can$987 million (US$723 million) as imports plunged -- due in part to strikes at its Pacific coast ports -- while exports rose slightly, the government statistical agency said Wednesday.
Statistics Canada says country posted $987M merchandise trade deficit in July
OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $987 million in July as imports fell on lower shipments of gold and the B.C. port strike. The agency says the result compared with a revised deficit of $4.
Statistics Canada says country posted $987M merchandise trade deficit in July
OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $987 million in July as imports fell on lower shipments of gold and the B.C. port strike. The agency says the result compared with a revised deficit of $4.
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