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- Canada's merchandise trade deficit totalled $3.4 billion in August, widening from a $3.0 billion deficit in July
Canada's merchandise trade deficit totalled $3.4 billion in August, widening from a $3.0 billion deficit in July
Exports decreased 1.0% on lower volumes, while imports were unchanged.
Following two months of large decreases, exports were down a further 1.0% to $43.6 billion in August-despite increases in 6 of 11 sections. Exports have fallen 10.6% since the record high posted in May. Volumes decreased 1.9% in August, while prices were up 1.0%. Consumer goods, basic and industrial chemical, plastic and rubber products, as well as metal ores and non-metallic minerals were responsible for the decline in export values. Exports excluding energy products were down 1.4%. Year over year, total exports edged down 0.2%.
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