Narrowing Trade Gap Backs Poloz’s 2nd-Half Recovery Story

  • Exports rise 3.4% in year’s biggest gain, led by vehicles
  • Report breaks string of record gaps ahead of rate decision

Canada’s July trade deficit narrowed more than forecast on the biggest jump in exports this year, reinforcing the view the Bank of Canada won’t lower interest rates.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.