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Canada posts trade deficit with the world in August: Statistics Canada

Canada's merchandise imports rose 3.9 percent in August while exports fell 2.5 percent.


October 3, 2014
by The Canadian Press

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OTTAWA—Statistics Canada says the country’s merchandise trade balance with the world went from a surplus of $2.2 billion in July to a deficit of $610 million in August.

The federal agency says Canada’s merchandise imports rose 3.9 percent in August while exports fell 2.5 percent.

It says imports—led by metal and non-metallic mineral products as well as energy products—hit a record high $44.8 billion.

Exports, however, fell by $44.2 billion after nine of 11 sections declined.

Imports from the United States rose 1.4 percent to $29.7 billion, while exports fell 2.5 percent to $33.3 billion, shrinking the trade surplus with that country to $3.5 billion in August from $4.8 billion in July.

Exports to other countries fell 2.5 percent to $10.9 billion and imports rose 9.3 percent to $15.1 billion, widening that trade deficit to $4.1 billion in August from $2.6 billion in July.