Statistics Canada said Thursday that cars and car parts flowing across the Canada and U.S. border was the biggest factor in the trade increase. Notably, Canada is now exporting more cars and car parts than it was in February before the pandemic began. And exports of energy products like oil rose by 18.9 per cent, the third strong monthly gain in a row. The service sector also grew, with exports rising 0.6 per cent in July to $8.7 billion, while imports edged up 0.2 per cent. Trade deficit widens to $2.5BAll in all, the trade flow added up to a trade deficit of $2.5 billion.
Source: CBC News September 03, 2020 15:22 UTC