The following is excerpted from the 6 August 2013 article by CBC News.
Canada's trade deficit narrowed to $469 million in June, down from $781 million in May, as exports rose more than imports, Statistics Canada said Tuesday.
The deficit was lower than economists had been forecasting…
Merchandise exports rose 1.4 per cent to $39.6 billion, led by increased shipments of precious metals, autos, and aircraft. Rising shipments to the U.S. were responsible for $422 million of the export increase. Exports to the European Union rose by $467 million.
Canada's trade surplus with the U.S. rang in at $3.8 billion in June.
Canada imported $40.0 billion worth of goods in June, 0.6 per cent higher than in May. Higher imports of crude oil were responsible for some of that increase.
So far this year, imports from the U.S. have totalled $153.3 billion. Statistics Canada says that's a record.
Imports from countries other than the United States increased 3.3 per cent to $14.5 billion, while exports to countries other than the U.S. were up 1.4 per cent to $10.2 billion.
Canada hasn't recorded a trade surplus since December 2011…
This article is available in its entirety at http://www.cbc.ca/news/business/story/2013/08/06/business-trade-deficit.html.