Statistics Canada Says Country Posted $684M Merchandise Trade Surplus in July

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 percent to $65.0 billion. Imports of motor vehicles and parts fell 10.8 percent as imports of passenger cars and light trucks fell 18.7 percent after hitting a record high in June. Exports edged down 0.4 percent in July to $65.7 billion as exports of motor vehicles and parts declined 5.4 percent. In volume terms, imports fell two percent in July, while exports decreased 1.5 percent....