A container ship unloads in 2005 at the P&O Central Terminal in the Port of Vancouver. Canada's trade deficit doubled in July as imports increased and exports declined, the government statistical agency said Wednesday. (AFP/File)
OTTAWA, Province of Ontario (AFP) – Canada's trade deficit doubled in July as imports increased and exports declined, the government statistical agency said Wednesday.
The country registered a deficit of Can$931 million in the month, up from a revised Can$460 million in June. It was the fourth consecutive monthly trade deficit.
Imports grew to Can$40.1 billion, with more chemical, plastic and rubber products, as well as more metal and non-metallic mineral products entering Canada.
Exports, meanwhile, declined to Can$39.2 billion, led by aircraft, unwrought precious metals and precious metal alloys,
Trade with the United States, Canada's biggest trading partner, was up slightly.
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