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Jul Trade Bal -C$2.5B vs Forecast -C$2.3B, Jun Gap Revised Smaller

CANADA DATA
  • Exports +11% in July, imports +13%, led by return of more automobile production
  • Auto imports +50%, still 11% below Feb, auto exports +37%, 12% higher than Feb
  • "Compared with February 2020, the month before the COVID-19 pandemic's economic impact was felt in Canada, imports (-4.1%) and exports (-6.0%) were down."
  • June trade gap revised to -CAD1.6B from initial -CAD3.2B, Statistics Canada reports Thurs
  • Energy exports +19%, 3rd straight gain
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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