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Merchandise trade deficit increases sharply in June

from Inside Logistics

Canada's trade deficit rebounded sharply in June as the movement of motor vehicles and parts revved up with a resumption of production after months of COVID-19 lockdowns. Statistics Canada reported Wednesday that the country's merchandise trade deficit widened to $3.2 billion from a deficit of $1.3 billion in May and $858 million a year ago. The import of goods rose 21.8 percent in the month to $42.9 billion but were down 15 percent from June 2019. more

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