Canada June international merchandise trade -3.19B vs -0.90B expected
Canada trade balance data
- Prior was -0.68B
- Imports +21.8% m/m
- Exports +17.1% m/m
- Compared to Feb, imports down 14.3%
- Compared to Fed, exports down 17.9%
Imports of motor vehicles and parts represented almost half of the improvement in imports in the month.
This was a pretty big miss but the loonie barely moved.