Investing.com - Canada’s trade deficit narrowed unexpectedly in September, as exports rose 1.9% and imports were unchanged, official data showed on Thursday.
In a report, Statistics Canada said that Canada’ trade deficit narrowed to CAD0.8 billion in September from a deficit of CAD1.5 billion in August. Analysts had expected Canada’s trade deficit to widen to CAD2.0 billion.
Canada's exports rose to CAD38.0 billion in September, while imports remained at CAD38.8 billion.
Following the release of the data, the Canadian dollar was modestly higher against its U.S. counterpart, with USD/CAD shedding 0.09% to trade at 0.9960.
In a report, Statistics Canada said that Canada’ trade deficit narrowed to CAD0.8 billion in September from a deficit of CAD1.5 billion in August. Analysts had expected Canada’s trade deficit to widen to CAD2.0 billion.
Canada's exports rose to CAD38.0 billion in September, while imports remained at CAD38.8 billion.
Following the release of the data, the Canadian dollar was modestly higher against its U.S. counterpart, with USD/CAD shedding 0.09% to trade at 0.9960.