Canada’s trade deficit narrowed to $987-million in July, as imports were dragged lower by a port strike in B.C. while exports rose slightly
Canada’s trade deficit with the world narrowed to $987-million in July, as imports were dragged lower by a west coast port strike while exports rose slightly, Statistics Canada said on Wednesday.
Both exports and imports in July were impacted by a 13-day dock workers strike in British Columbia that disrupted operations at two of Canada’s three busiest ports. Statscan said that trade may also be affected in the coming months as freight backlogs continue to be cleared.
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Canada posts smaller than expected trade deficit in JulyCanada's trade deficit with the world narrowed to C$987 million ($722.97 million) in July, as imports were dragged lower by a west coast port strike while exports rose slightly, Statistics Canada said on Wednesday. Both exports and imports in July were impacted by a 13-day dock workers strike in British Columbia that disrupted operations at two of Canada's three busiest ports. Statscan said that trade may also be affected in the coming months as freight backlogs continue to be cleared.
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