Statistics Canada announced that the country's merchandise exports decreased 2.2% in June, while imports were down 0.5%.

As a result, Canada's merchandise trade deficit with the world widened from $2.7 billion in May to $3.7 billion in June.

The Federal agency notes that merchandise exports were down for a second consecutive month, with 9 of the 11 product sections posting declines. As for imports 7 of the 11 product sections posted declines in June.

Exports to countries other than the United States decreased 5.5%, while imports from these countries edged down 0.1%. As a result, Canada's merchandise trade deficit with countries other than the United States rose from $10.4 billion in May to a record high of $11.2 billion in June.

Exports to the United States were down 1.2%, while imports decreased 0.7%. As a result, Canada's trade surplus with the United States narrowed from $7.7 billion in May to $7.4 billion in June.

 

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