- Canada’s trade deficit widens sharply in June
Notícias do Mercado
5 agosto 2020
Canada’s trade deficit widens sharply in June
Statistics
Canada announced on Wednesday that Canada’s merchandise trade deficit stood at
CAD3.19 billion in June, widening sharply from a revised CAD1.33-billion gap in
May (originally a CAD0.68-billion gap).
Economists had
expected a deficit of CAD0.90 billion.
According to
the report, Canada’s exports surged 17.1 percent m-o-m to CAD39.71 billion in June,
with motor vehicles and parts contributing the most to the overall increase (+218.2
percent m-o-m).
Meanwhile,
imports climbed 21.8 percent m-o-m to CAD42.90 billion in June, also driven by
higher imports of motor vehicles and parts (+215.8 percent m-o-m).
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