Canada posts higher than expected trade deficit of $1.26-billion in September

The September data was Canada’s seventh straight monthly trade deficit, primarily led by lower exports to major trading countries other than its biggest trading partner the U.S.

Canada posted a higher than expected trade deficit of $1.26-billion in September as a larger drop in imports failed to offset a drop in exports, data showed on Tuesday.

Due to an ongoing digital transition at Canada Border Services Agency Assessment and Revenue Management, from where Statscan gets most of its trade data, results for September include greater use of estimation. The biggest hit to exports, which dropped by 0.1 per cent, came from a 5.4 per cent drop in shipments of metal and non-metallic mineral products, led by 15.4 per cent slump in the unwrought gold category.

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Drop Canada United States Statscan Deficit Exports Metal Bank Of Canada Statistics Canada Reuters

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