Canada's negative trade balance broadens in August as imports reached the record level

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Source: Bloomberg
© Scanpix/RS
The difference between the Canadian imports and exports suddenly expanded in August, as import level reached a new maximum, offsetting the notable increase in the exports to the U.S.A. Imports grew 2.1% to C$41.1 billion, including the gains in the energy products, vehicles and aircraft, while the exports added less, 1.8%, to C$39.8 billion due to the widening trade balance surplus with the U.S. (from C$3.44 billion to C$3.99 billion).
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