About: http://data.cimple.eu/news-article/2fcd5e7e7edaa4dfc35a5c88d194d2d2d1ac428b4fbb44a678bdcd5c

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About: http://data.cimple.eu/news-article/2fcd5e7e7edaa4dfc35a5c88d194d2d2d1ac428b4fbb44a678bdcd5c Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canada's trade deficit widened to $3.2 billion (US$2.4 billion) in June as imports and exports rebounded sharply, largely on the strength of auto sales, the government statistical agency said Wednesday. The deficit -- up from Can$1.3 billion in May -- was far greater than the Can$540 million deficit economists had forecast, however. Trade also remained down significantly from pre-pandemic levels, said Statistics Canada. Imports rose 21.8 percent to $42.9 billion in June. An uptick in car and truck imports represented almost half of the growth in total imports in the month. Imports of aircraft and other transportation equipment and parts were also up, nearly doubling. Exports, meanwhile, rose 17.1 percent to Can$39.7 billion in June, marking a second consecutive monthly rises. Cars and trucks led the sales, while exports of gold, silver and platinum were also up. Canada's trade surplus with the United States, meanwhile, narrowed from Can$1.9 billion in May to Can$1.1 billion in June. "For the moment, the readings on the trade balance will take a back seat to expectations regarding continued progress on two-way trade (with the US)," CIBC analyst Royce Mendes said in a research note. "However, with US virus cases surging in parts of the country, the outlook for Canada's exports has become far more precarious." amc/ft
schema:headline	Canada trade deficit widens to Can$3.2 bln
schema:mentions	Balance of trade Volkswagen Canada Virus United States Canadian Imperial Bank of Commerce Platinum Statistics Canada Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	48 (xsd:integer)

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