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Canada’s Trade Deficit Shrinks to Around $3 Billion in July

Posted September 07, 2017

Under Economic Issues, International Trade Issues

(CBC News)

The gap between what Canada sells to the rest of the world and what it buys shrank to a gap of about $3 billion in July, as imports fell by more than exports did.

Statistics Canada reported Wednesday that fell 6 per cent and exports decreased 4.9 per cent, “both due mainly to the effect of widespread price decreases.”

Canada imported $47.2 billion worth of goods and services in June, the first decline since last year.

Exports, meanwhile, fell to $44.1 billion, leaving a trade deficit of just over $3 billion. Click here to read more.

Related: Canadian International Merchandise Trade – July 2017 (Statistics Canada)