Investing.com – Canada’s trade deficit narrowed more-than-expected in July, official data showed on Thursday.
In a report, Statistics Canada said that Canada’ trade deficit narrowed to CAD0.8 billion in July, after posting a deficit of CAD1.4 billion in June, whose figure was revised down from a CAD1.6 billion deficit.
Analysts had expected Canada’s trade deficit to narrow to USD1.1 billion in July.
Canada's exports increased 2.2% to CAD37.2 billion in July, while imports rose 0.5% to CAD30.0 billion.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.22% to trade at 0.9853.
In a report, Statistics Canada said that Canada’ trade deficit narrowed to CAD0.8 billion in July, after posting a deficit of CAD1.4 billion in June, whose figure was revised down from a CAD1.6 billion deficit.
Analysts had expected Canada’s trade deficit to narrow to USD1.1 billion in July.
Canada's exports increased 2.2% to CAD37.2 billion in July, while imports rose 0.5% to CAD30.0 billion.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.22% to trade at 0.9853.