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- Canada’s trade deficit narrows in September
Canada’s trade deficit narrows in September
Statistics
Canada announced on Tuesday that Canada’s merchandise trade deficit stood at
CAD0.98 billion in September, narrowing from a revised CAD1.24 billion gap in
August (originally a CAD0.96-billion gap).
Economists had
expected a deficit of CAD0.70 billion.
According to
the report, the country’s exports fell 1.3 percent m-o-m in September, led by decreases
in exports of metal and non-metallic mineral products (-7.3 percent m-o-m), farm,
fishing and intermediate food products (-7.3 percent m-o-m) and energy products
(-2.6 percent m-o-m). Meanwhile, imports declined 1.7 percent m-o-m in
September, mostly on lower imports of metal and non-metallic mineral products (9.2
percent m-o-m), other transportation equipment and parts (-27.7 percent m-o-m)
and metal ores and non-metallic minerals (-20.5 percent m-o-m).
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