Merchandise trade surplus fell to $1.5B in August: Figures Canada

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OTTAWA — Stats Canada claims the country’s products trade surplus was $1.5 billion in August, the smallest month-to-month surplus for the year so far.

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The end result in comparison with a revised surplus of $2.4 billion for July, down from an preliminary reading for the month that showed a surplus of $4.1 billion.

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Figures Canada suggests full exports fell 2.9 per cent to $65.4 billion in August as they moved decrease for a next consecutive month.

Exports of power products fell 6. for each cent to $18.4 billion as exports of crude oil fell 5.7 for each cent, largely due to decrease charges.

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In the meantime, full imports dropped 1.7 for every cent to $63.9 billion, also a 2nd consecutive every month decrease.

Imports of motor vehicles and pieces dropped 7.1 for each cent in August as imports of passenger cars and trucks and light-weight trucks fell 9.5 for each cent and imports of engines and elements moved down 7.4 per cent.

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