Investing.com - Canada’s trade deficit narrowed more-than-expected in August, as exports edged down 0.1% and imports decreased 3.1%, official data showed on Thursday.
In a report, Statistics Canada said that Canada’ trade deficit narrowed to CAD1.3 billion in August, compared to expectations for a deficit of CAD2.0 billion.
Canada’s trade deficit for July was revised to CAD2.5 billion, from a previously reported deficit of CAD2.3 billion.
Canada's exports fell to CAD37.5 billion in August, while imports decreased to CAD38.8 billion.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.4% to trade at 0.9779.
In a report, Statistics Canada said that Canada’ trade deficit narrowed to CAD1.3 billion in August, compared to expectations for a deficit of CAD2.0 billion.
Canada’s trade deficit for July was revised to CAD2.5 billion, from a previously reported deficit of CAD2.3 billion.
Canada's exports fell to CAD37.5 billion in August, while imports decreased to CAD38.8 billion.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.4% to trade at 0.9779.