• Email Us: [email protected]
  • Contact Us: +1 718 618 4351
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Canada trade surplus narrowed in July to C$778 million

September 2, 2021 by David Barret Leave a Comment

September 2, 2021

OTTAWA (Reuters) -Canada posted a narrower trade surplus in July than in the previous month, missing analyst expectations, as imports rose at a faster pace than exports, Statistics Canada data showed on Thursday.

Canada’s surplus with the world was C$778 million ($616.6 million) in July, down from a downwardly revised C$2.6 billion surplus in June, the largest in nearly 13 years.

Analysts surveyed by Reuters had on average forecast a surplus of C$1.40 billion in July.

Imports jumped 4.2% to hit a record high of C$53.0 billion, mostly on inbound motor vehicles and parts, while exports climbed 0.6% to a record high of C$53.8 billion as increases in a number of products offset a sharp decline in lumber.

“The current run of trade surpluses is largely the result of higher export prices, particularly for commodities … Now that some of those prices are off their highs, the peak in the goods trade surplus is likely in the rear view mirror,” said Royce Mendes, senior economist at CIBC Capital Markets, in a note.

The Canadian dollar was trading 0.1% higher at 1.2604 to the greenback, or 79.34 U.S. cents.

($1 = 1.2618 Canadian dollars)

(Reporting by Julie Gordon in OttawaEditing by Raissa Kasolowsky and Steve Orlofsky)

Source Link Canada trade surplus narrowed in July to C$778 million

David Barret
David Barret

Related posts:

  1. Islamic State ‘Beatle’ to plead guilty to U.S. terrorism charges
  2. Duterte daughter says has ‘running mate’ offers for Philippines 2022 election
  3. Futures rise as focus turns to weekly jobless claims
  4. Soccer-Ronaldo beats record as double sees off Ireland

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • New 99-Million-Year-Old Dinosaur Species Discovered In Utah
  • Rebound Relationships: What They Are And Why They Can Work Better Than You Think
  • Aggressive Rabid Moose Becomes The First Ever Detected In Alaska
  • Are Billionaires’ Extreme Youth-Extending Measures Really Worth It?
  • Is A Mysterious Cipher Concealed Within The “Alchemical Hand Bell”?
  • IFLScience The Big Questions: Is Jurassic Park Possible?
  • Greenhouse Gas Emissions At “All-Time High,” Pushing Planet To Its Limits
  • Parents Who Phub Could Push Their Kids Towards Phone “Addiction”
  • “Once A Cheater, Always A Cheater” – Is There Any Truth To The Phrase?
  • LEGO Illusion Wins Illusion Of The Year Competition, Beating Equally Mind-Bending Entries
  • Brightest Explosion Ever Seen In Space Now Has An Explanation
  • “Flat Head” Syndrome: Leaving Babies Supine For Too Long Can Change The Shape Of Their Skulls
  • AI Camera Inspired By Star-Nosed Mole Snaps “Photos” Without Taking Photos
  • Elephant Whiskers Improve Trunk Sensitivity, Making Them The Ultimate Thieves
  • An Advanced Ancient Civilization Burned Itself To The Ground Before Disappearing 2,500 Years Ago
  • What Ancient Egyptian Sounded Like – And How We Know
  • Rare Antibody Could Reverse “Incurable” Heart Disease, Finds Breakthrough Study
  • Hollow Earth: The Weird And Ancient Theory That The Earth Is Filled With Mole People
  • Wolves Go Fishing More Often Than Anyone Realized, Camera Traps Reveal
  • Watch Hawaiʻi’s Kīlauea Volcano Erupt In This Fiery Livestream
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 618 4351
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2023 · Medical Market Report. All Rights Reserved.

Go to mobile version