Canadian Manufacturing

Canada trims September’s trade deficit on energy, metals exports

The result compared with a revised deficit of $2.7 billion in August that was first reported to be $2.5 billion



OTTAWA—Statistics Canada says the country’s trade deficit narrowed to $1.7 billion in September.

Economists had expected a deficit of $1.9 billion, according to Thomson Reuters.

The result compared with a revised deficit of $2.7 billion in August that was first reported to be $2.5 billion.

The drop in the deficit came as imports slipped 1.3 per cent in September to $46.2 billion due to a decrease in metal and non-metallic mineral products.

Meanwhile, exports increased 0.7 per cent to $44.5 billion on higher exports of consumer goods, energy products, and metal and non-metallic mineral products.

Import volumes fell 2.1 per cent while prices increased 0.8 per cent.

Export volumes gained 0.7 per cent, while prices were unchanged.

Related Posts from the network