In July, Canada Recorded a $684M Surplus in Merchandise Trade, According to Statistics Canada

Statistics Canada says the country posted a merchandise trade surplus of $684 million in July.

The result compared with a revised deficit of $179 million in June. The initial reading for June had shown a surplus of $638 million.

In July, Statistics Canada says imports fell 1.7 percent to $65.0 billion.

Imports of motor vehicles and parts fell 10.8 percent as imports of passenger cars and light trucks fell 18.7 percent after hitting a record high in June.

Exports edged down 0.4 percent in July to $65.7 billion as exports of motor vehicles and parts declined 5.4 percent.

In volume terms, imports fell two percent in July, while exports decreased 1.5 percent.

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