- Analytics
- News and Tools
- Market News
- Canada’s trade deficit widens sharply in June
Canada’s trade deficit widens sharply in June
Statistics
Canada announced on Wednesday that Canada’s merchandise trade deficit stood at
CAD3.19 billion in June, widening sharply from a revised CAD1.33-billion gap in
May (originally a CAD0.68-billion gap).
Economists had
expected a deficit of CAD0.90 billion.
According to
the report, Canada’s exports surged 17.1 percent m-o-m to CAD39.71 billion in June,
with motor vehicles and parts contributing the most to the overall increase (+218.2
percent m-o-m).
Meanwhile,
imports climbed 21.8 percent m-o-m to CAD42.90 billion in June, also driven by
higher imports of motor vehicles and parts (+215.8 percent m-o-m).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
