Canada's trade deficit with world narrowed to $435-million in September from $1.1-billion in August
OTTAWA—Statistics Canada says the country’s merchandise exports grew 1.8 per cent in September, while imports edged up 0.2 per cent.
As a result, Canada’s trade deficit with the world narrowed to $435-million in September from $1.1-billion in August.
The agency says exports grew to $40.6-billion on the strength of energy products as well as aircraft and other transportation equipment and parts.
Imports crept up to $41.1-billion, with gains in energy products and consumer goods partially offset by declines in basic and industrial chemical, plastic and rubber products.
Exports to the United States increased one per cent to $30.5-billion and imports rose 0.9 per cent to $26.2-billion, pushing the trade surplus with that country to $4.3-billion in September from $4.2-billion in August.
Exports to countries other than the U.S. rose 4.2 per cent to $10.1-billion and imports declined 1.1 per cent to $14.8-billion, narrowing the trade deficit with those countries to $4.7-billion in September from $5.3-billion in August.