Canada Trade Deficit Narrows in July

Canada's merchandise trade deficit decreased to 0.59 CAD billion in July from a downwardly revised 0.81 CAD billion gap in June, as exports rose 2.3 percent and imports went up 1.7 percent.
Statistics Canada | yekaterina@tradingeconomics.com 9/3/2015 3:04:21 PM
Exports grew to 45.5 CAD billion in July. Sales of motor vehicles and parts(+9.9 percent), especially passenger cars and light trucks (+14.9 percent); consumer goods (+7.3 percent); and aircraft and other transportation equipment and parts (+19.2 percent) accounted for the gain in July. The increase in these sections was partially offset by a decrease in shipments of energy products (-15.1 percent).

Imports increased to 46.1 CAD billion in July, as 8 of 11 sections advanced. Higher imports of energy products (+12.8 percent), aircraft and other transportation equipment and parts (+22.9 percent), as well as electronic and electrical equipment and parts (+4.4 percent) were partially offset by a decline in metal and non-metallic mineral products (-9.6 percent).

Year-on-year, exports shrank 0.2 percent, while imports grew 5.8 percent.

Canada Trade Deficit Narrows in July