- Better Canadian trade balance pushes CAD higher
Market news
5 October 2016
Better Canadian trade balance pushes CAD higher
Canada's exports increased 0.6% to $43.4 billion in August. Exports volumes rose 0.4% and prices edged up 0.2%. Imports were largely unchanged at $45.3 billion in August, as a 0.8% increase in volumes was offset by a 0.7% decrease in prices. Consequently, Canada's merchandise trade deficit with the world narrowed from $2.2 billion in July to $1.9 billion in August.
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