• Prior month C$-5.9 billion revised to -C$5.49 billion prior
• Canada trade balance for June C$5.86B vs -C$6.3B estimate
• Export $61.74 billion versus $61.2 billion last month
• Imports $67.6 billion versus $66.69 billion last

Details:

• In June, Canadian exports to the U.S. rose 3.1% from May but remained 12.5% lower year-over-year. Imports from the U.S. increased 2.6%, ending a three-month decline, largely due to a module purchase for an offshore oil project. As a result, Canada’s merchandise trade surplus with the U.S. widened from $3.6B in May to $3.9B in June

This article was written by Greg Michalowski at investinglive.com.