Canada’s merchandise trade deficit grew to $6.32 billion in August from $3.8 billion in July as exports fell faster than the increase in imports, new data from Statistics Canada says.
International exports declined by 3 percent in August, representing the first drop since April, with exports to the United States and other major trading partners decreasing in August, StatCan said in an Oct. 7 release.
Metal and non-metallic mineral product exports, such as unwrought gold, silver, platinum group metals, and their alloys, decreased the most in August, with a drop of 7.6 percent, which represents the third month in a row these exports have declined….