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
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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.