Trade deficit up in August as imports, exports grow: StatsCan
Demand for energy products, motor vehicles and parts, and aircraft lead imports jump.
OTTAWA – Statistics Canada says the country’s merchandise imports grew 2.1% in August, while exports rose 1.8%, pushing the trade deficit with the world to $1.3 billion from $1.2 billion in July.
Imports grew to $41.1 billion, led by energy products, aircraft and other transportation equipment and parts, and motor vehicles and parts.
Exports rose to $39.8 billion, with energy products and metal and non-metallic minerals the main contributors to the increase.
Exports to the US increased 1.9% to $30.1 billion, while imports from the US edged up 0.1% to $26.1 billion, pushing the trade surplus with our neighbours to the south to $4 billion from $3.4 billion in July.
Imports from countries other than the US rose 5.8% to $14.9 billion, while exports to these countries increased 1.6% to $9.7 billion.
The trade deficit with countries other than the US widened to $5.3 billion from $4.6 billion in July.
© 2013 The Canadian Press