Canada's Trade Deficit Widens in August to C$3.41 Billion

By Paul VieiraFeaturesDow Jones Newswires

Canada's trade deficit widened in August from the previous month to the fifth-largest on record, as exports fell for a third consecutive month. Imports, meanwhile, were largely unchanged.

Canada's merchandise trade deficit in August stood at a seasonally adjusted 3.41 billion Canadian dollars ($2.73 billion), Statistics Canada said Thursday, compared with a revised C$2.98 billion shortfall in the previous month.

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The August trade deficit was wider than what traders anticipated. According to economists at Royal Bank of Canada, market expectations heading into Thursday's Canada trade report was for a C$2.6 billion shortfall.

Canada's monthly trade data covers the export and import of goods, and doesn't include services.

Write to Paul Vieira at


(END) Dow Jones Newswires

October 05, 2017 08:45 ET (12:45 GMT)