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Canada exports and imports fall in August, flag slowing recovery

from Reuters via MSN

Canada's exports and imports both fell in August, hinting that the momentum of the recovery from the COVID-19 crisis could have slowed more than anticipated, data from Statistics Canada showed. Imports fell 1.2%, while exports were down 1.0%. Canada's trade deficit, meanwhile, narrowed slightly to C$2.45 billion ($1.85 billion), missing analyst expectations of C$2.0 billion. Statscan revised July's trade deficit to C$2.53 billion from an initial C$2.45 billion. more


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