Canada’s Trade Deficit Shrinks in June on Export Rebound
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Canada’s trade deficit narrowed in June as exports rebounded from a two-month slump, led by shipments of cars and aircraft.
The nation’s trade gap was C$469 million ($453 million) during the month, down from a revised C$781 million in May, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg forecast the June deficit would be C$510 million, the median of 20 responses.