Exports gained in July, trade deficit narrowed

Exports gained in July, trade deficit narrowed

Exports gained in July, trade deficit narrowed Canada's exports rose 2.3 per cent in July according to the latest data from Statistics Canada. The gains were concentrated in non-energy products where the gain was 4.0 per cent. Overall, export prices grew 1.3 per cent while export volumes advanced 1.0 per cent. Imports were up 1.7 per cent with prices rising 1.3 per cent and volumes 0.5 per cent. As a result, Canada's merchandise trade deficit with the world narrowed from $811 million in June to $593 million in July.