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Canada’s trade deficit widened in July


 

OTTAWA – Statistics Canada says Canada’s trade deficit with the rest of the world grew in July to $2.3 billion, up from $1.9 billion in June.

StatsCan says Canada’s merchandise exports fell 3.4 per cent and imports decreased 2.2 per cent in July.

The agency says exports fell to $37.7 billion, mainly because of lower shipments of energy products.

Imports fell to $40.1 billion, with lower imports of energy products as well as machinery and equipment.

Exports to the United States fell 5.0 per cent to $27.4 billion in July, while imports declined 2.1 per cent to $25.3 billion.

The trade surplus with the United States decreased to $2.1 billion in July from $3 billion in June, the smallest surplus since October 2010.

Imports from countries other than the United States decreased 2.4 per cent to $14.7 billion in July while exports rose 1.2 per cent to $10.3 billion leaving the trade deficit at $4.4 billion, down from $4.9 billion in June.


 
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