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.