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StatsCan says trade deficit narrows to $593M for July

Exports rose 2.3% to nearly $45.5 billion and were concentrated in non-energy products.


September 3, 2015
by The Canadian Press

OTTAWA — Statistics Canada says the country’s trade deficit narrowed to $593 million in July.

Economists had expected a deficit of $1.3 billion, according to Thomson Reuters.

Statistics Canada also revised the trade deficit for June to $811 million from an initial estimate of a deficit of $476 million.

Exports in July rose 2.3% to nearly $45.5 billion and were concentrated in non-energy products.

Excluding energy products, exports rose 4%.

Meanwhile, Canada’s imports were up 1.7% at nearly $46.1 billion.

© 2015 The Canadian Press

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