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4 Aug 2017

Canada: Merchandise trade balance with the world posted a $3.6 billion deficit in June

"Canada's merchandise trade balance with the world posted a $3.6 billion deficit in June, widening from a $1.4 billion deficit in May, the Statistics Canada announced on Friday.

Key highlights:

  • Following three consecutive monthly record highs, total exports fell 4.3% to $46.5 billion in June, as 9 of 11 sections decreased
  • This sharp decrease was mainly due to lower exports of unwrought gold and energy products
  • Sustained growth in total imports slowed in June, edging up 0.3% to $50.1 billion. Volumes rose 0.8% while prices fell 0.5%
  • Imports edged up 0.3% to $50.1 billion, led by an increase in gold bullion
  • Exports to the United States were down 4.5% to $34.5 billion in June, mostly on lower exports of crude oil. Imports from the United States fell 0.7% to $32.4 billion, also on lower imports of crude oil
Aug 4, 2017

US: Goods and services deficit was $43.6 billion in June, down $2.7 billion from May

"The goods and services deficit was $43.6 billion in June, down $2.7 billion from $46.4 billion in May, revised. June exports were $194.4 billion, $2.
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Aug 4, 2017

US: Good jobs report offers clear positives for the Fed - ING

James Knightley, Chief international Economist at ING, explains that strong payrolls growth, falling unemployment and firmer wage growth are good news
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