Canada’s Goods Trade Deficit Widens on Machinery Imports
Shipping containers at the Ray-Mont Logistics facility in the Port of Prince Rupert in Prince Rupert, British Columbia, Canada.
Photographer: James MacDonald/BloombergCanada’s merchandise trade deficit reached a record high in the second quarter, with June’s gap between exports and imports expanding.
The country’s trade shortfall with the world widened to C$5.9 billion ($4.3 billion) in June, from C$5.5 billion in May, according to Statistics Canada data Tuesday. That’s slightly lower than the median projection of a C$6.3 billion deficit in a Bloomberg survey of economists.