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Canada: Merchandise trade deficit totalled $3.4 billion in August

"Canada's merchandise trade deficit totalled $3.4 billion in August, widening from a $3.0 billion deficit in July," the Statistics Canada announced on Thursday.

Key quotes: 

  • Exports decreased 1.0% on lower volumes, while imports were unchanged.
  • Following two months of large decreases, exports were down a further 1.0% to $43.6 billion in August—despite increases in 6 of 11 sections.
  • Exports have fallen 10.6% since the record high posted in May. 
  • Volumes decreased 1.9% in August, while prices were up 1.0%.
  • Exports excluding energy products were down 1.4%.

US: Goods & services deficit was $42.4 bln in Aug, down $1.2 billion from $43.6 billion in July

"The goods and services deficit was $42.4 billion in August, down $1.2 billion from $43.6 billion in July, revised," the U.S. Census Bureau and the U.
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