Money: Canada posts $1.1B trade deficit in July as exports fall - PressFrom - Canada
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MoneyCanada posts $1.1B trade deficit in July as exports fall

08:30  05 september  2019
08:30  05 september  2019 Source:   cbc.ca

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Canada posted a trade deficit of $ 1 . 1 billion in July as exports sank while imports rose. Economists had expected a deficit of 0 million, according to financial markets data firm Refinitiv. The result for June was updated from what was originally reported as a 6-million surplus.

Canada posted a trade deficit of C$ 1 .12 billion in July as imports rose and exports declined, Statistics Canada said. * Canadian dollar rises 0. 1 % against the greenback * Canada posts a C$ 1 .12 billion trade deficit in July * Price of U.S. oil increases 2.2% * Canadian bond prices fall

Canada posts $1.1B trade deficit in July as exports fall Containers are unloaded at the Port of Montreal Thursday, July 20, 2017 in Montreal.

Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in July compared with a revised deficit of $55 million June.

Economists had expected a deficit of $400 million, according to financial markets data firm Refinitiv.

The result for June was updated from what was originally reported as a $136-million surplus.

Statistics Canada says imports rose 1.2 per cent to $50.9 billion in July, with gains in six of 11 sectors.

Imports of consumer goods were up 2.4 per cent, while aircraft and other transportation equipment and parts rose 10.2 per cent.

Total exports fell 0.9 per cent to $49.8 billion in July as energy product exports fell 6.7 per cent in July due to a 7.7 per cent drop in crude oil exports.

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Federal government posts $14B shortfall in 2018-19.
OTTAWA — The federal government ran a $14-billion deficit in 2018-19, according to its latest annual financial report, the third year in a row with a shortfall bigger than $10 billion. The deficit for the fiscal year that ended March 31 was $900 million smaller than the government projected in last spring's federal budget, however. Revenues in 2018-19 expanded by $21 billion — or 6.7 per cent — compared to the previous year, said the report released Tuesday. The government's revenue ratio, which is total revenues as a percentage of the size of the economy, increased last year by 15 per cent to reach its highest level since before the financial crisis in 2007-08.

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