Statistics Canada announced that Canada’s merchandise exports were down 1.0% in August, while imports edged up 0.3%.<\/p>\n
As a result, Canada’s merchandise trade balance with the world widened from a (revised) deficit of $287 million in July to a deficit of $1.1 billion in August. After accounting for the previous month’s revisions, this is the sixth consecutive monthly deficit.<\/p>\n
The Federal agency notes that the August fall in exports was a second consecutive monthly decrease. Overall, 6 of the 11 product sections posted declines. Exports of energy products (-3.0%) posted the largest decrease in August, mainly on lower exports of crude oil (-4.1%). Exports of motor vehicles and parts increased 5.1% and partly offset the decrease in total exports in August.<\/p>\n
After falling 1.4% in July, total imports edged up 0.3% in August. Overall, six product sections were up and five were down. Imports of motor vehicles and parts rose 2.4% in August and were the largest contributor to the overall growth. Imports of consumer goods (-2.8%) fell in August, partially offsetting these increases.<\/p>\n
Exports to the United States were down 4.3% in August, partly due to lower exports of energy products to this country. Meanwhile, imports from the United States increased 0.9%. As a result, Canada’s merchandise trade surplus with the United States narrowed sharply from $10.5 billion in July to $8.0 billion in August.<\/p>\n
Exports to countries other than the United States rose 10.3% in August while imports from those countries fell 0.7%. Canada’s trade deficit with countries other than the United States narrowed from $10.8 billion in July to $9.1 billion in August.<\/p>\n","protected":false},"excerpt":{"rendered":"
Statistics Canada announced that Canada’s merchandise exports were down 1.0% in August, while imports edged up 0.3%.<\/p>\n","protected":false},"author":15,"featured_media":10718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[147],"types-de-nouvelles":[],"class_list":["post-10720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-custom-brokerage","tag-statistics-canada"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/10720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=10720"}],"version-history":[{"count":2,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/10720\/revisions"}],"predecessor-version":[{"id":10745,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/10720\/revisions\/10745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/10718"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=10720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=10720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=10720"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=10720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}