Canada trade deficit hits record in July; exports slide

September 11, 2012

The following is excerpted from the 11 September 2012 edition of Reuters Canada.

Canada posted its biggest trade deficit on record in July as crude oil exports tumbled and imports from the United States remained near record highs, according to Statistics Canada data on Tuesday.

The overall deficit bulged to C$2.34 billion ($2.36 billion) from a revised C$1.93 deficit in June. Exports fell 3.4 percent and imports decreased by 2.2 percent in the month.

This article is available in its entirety at:
http://ca.reuters.com/article/businessNews/idCABRE88A0NA20120911

Topic(s)

Exports

Information source

Canadian News Channel

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