Canada posted $684M merchandise trade surplus in July: StatCan

Statistics Canada says the country posted a merchandise trade surplus of $684 million in July.

The result compared with a revised deficit of $179 million in June. The initial reading for June had shown a surplus of $638 million.

In July, Statistics Canada says imports fell 1.7% to $65.0 billion.

Imports of motor vehicles and parts fell 10.8% as imports of passenger cars and light trucks fell 18.7% after hitting a record high in June.

Exports edged down 0.4% in July to $65.7 billion as exports of motor vehicles and parts declined 5.4%.

In volume terms, imports fell 2% in July, while exports decreased 1.5%.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.