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.
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.
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