- Analytics
- News and Tools
- Market News
- Canada: International Merchandise Trade surplus narrows to C$4.05 billion in July
Canada: International Merchandise Trade surplus narrows to C$4.05 billion in July
- Canada's international trade surplus narrowed at a softer pace than expected in July.
- USD/CAD continues to trade in positive territory below 1.3200.
Canada's merchandise trade surplus with the world narrowed to C$4.05 billion in July from C$4.88 billion in June, Statistics Canada reported on Wednesday. This reading came in slightly better than the market expectation for a surplus of C$3.8 billion.
"Following six consecutive monthly increases, total exports decreased 2.8% to $68.3 billion in July," the publication further read. "Total imports fell 1.8% in July to $64.2 billion, the first decrease since January."
Market reaction
Ahead of the Bank of Canada's (BoC) policy announcements, USD/CAD showed no immediate reaction to this report and was last seen rising 0.27% on a daily basis at 1.3188.
© 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
