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Sept Trade Deficit Bigger Than Forecast CAD3.3B, Aug Revised Up

CANADA DATA
  • Merchandise trade deficit of CAD3.3b was bigger than MNI consensus of CAD2.45b
  • Exports +1.5% to CAD45.5b, imports +1.5% to CAD48.8b
  • August deficit was revised to CAD3.2b from initial CAD2.4b, imports revised to +0.3% from -1.2%
  • Exports remain CAD2.8b below below pre Covid level, imports CAD1.2b lower, Statistics Canada says Wed
  • 23% jump in lumber exports on higher prices during building boom, reaching 14-year high of CAD1.6b
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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