Canada’s trade deficit shrinks in July as West Coast port strike weighs

OTTAWA -Canadarecorded a smaller-than-expectedtradedeficitin July, as a West Coast dock workers' strike weighed more heavily on imports than on exports, StatisticsCanadadata showed on Wednesday. Canada'stradedeficitwith the world came in at C$987 million ($722.97 million), lower than the C$3.65 billion shortfall analysts had forecast in a Reuters poll. June'sdeficitwas revised to C$4.92 billion - the third largest on record - from a C$3.73 billiondeficitinitially reported. Total exports rose 0.7 percent while imports decreased 5.4 percent in July. Both were impacted by a 13-day dock workers' strike in British Columbia that disrupted operations at two ofCanada's three busiest...

Keep on reading: Canada’s trade deficit shrinks in July as West Coast port strike weighs

from INQUIRER.net https://ift.tt/TjPBqnJ