Canada trade deficit widens on slower US sales

AFP, OTTAWA: Canada posted its 14th consecutive monthly trade deficit in October, as exports to its key trading partner the United States fell, the government statistical agency said Friday.   Missing analysts’ expectations, the trade deficit widened from Can$2.3 billion (US$1.7 billion) in September to Can$2.8 billion (US$2.1 billion) in October, as exports decreased 1.8 percent and imports fell 0.8 percent, said statistics Canada. Exports to Britain increased in the month, while imports from Saudi Arabia and Japan fell.
By value, Canada exported less canola, dyes and pigments, petrochemicals, basic chemicals, and lubricants and other petroleum refinery products, as well as copper ores and concentrates, and unwrought copper and copper alloys in the month. Meanwhile, it imported fewer pharmaceutical and medicinal products and miscellaneous goods and supplies, communications and audio and video equipment, computers and computer peripheral equipment, and crude oil and crude bitumen.

Canada trade deficit widens on slower US sales

AFP, OTTAWA: Canada posted its 14th consecutive monthly trade deficit in October, as exports to its key trading partner the United States fell, the government statistical agency said Friday. Missing analysts expectations, the trade deficit widened from Can$2.3 billion (US$1.7 billion) in September to Can$2.8 billion (US$2.1 billion) in October, as exports decreased 1.8 percent and imports fell 0.8 percent, said statistics Canada. Exports to Britain increased in the month, while imports from Saudi Arabia and Japan fell. By value, Canada exported less canola, dyes and pigments, petrochemicals, basic chemicals, and lubricants and other petroleum refinery products, as well as copper ores and concentrates, and unwrought copper and copper alloys in the month. Meanwhile, it imported fewer pharmaceutical and medicinal products and miscellaneous goods and supplies, communications and audio and video equipment, computers and computer peripheral equipment, and crude oil and crude bitumen.