Skip to main content

S&P 500 E-Mini(ESZ21)

Today's Change
Delayed Last Update

Canada’s Trade Deficit Narrows to Smallest Amount in Three Months - Mon Sep 25, 9:42AM CDT

Canada’s trade deficit narrowed in July, shrinking from $4.9 billion to $987 million, marking the smallest deficit in three months, and a noticeable improvement from June. 

Total merchandise imports in July fell by 5.4 percent, while exports increased by 0.7 percent. The West Coast port strike had a significant impact on trade, disrupting the flow of imports and exports, contributing to the decline in imports and potentially affecting export activity as well.

Farm, fishing, and intermediate food products saw exports of $4.622 billion in July, the largest monthly export figure in three months. Conversely, lower gold transfers caused unwrought gold, silver, and platinum group metals and their alloys to fall 60.5 percent.

Canada's trade balance plays a crucial role in determining the country's economic health. The ability to import and export goods and services affects the overall prosperity of the Canadian economy.

Copyright © 2023 All rights reserved. Republication or redistribution of's content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.