Official state statistics showed on Tuesday that Canada’s trade deficiency increased in August to $ 6.32 billion. The United States, since export fell faster both in cost and in volume than the increase in imports on a monthly basis on Tuesday.
In August, the trade deficit in August led exports not only to his leading trading partner, but also by the fact that his deliveries to the rest of the world were reduced within a month.
The number of international trade in Canada was defeated at the beginning of this year, as US President Donald Trump introduced industry tariffs to the country, forcing enterprises to revalize supplies of supplies from his largest trading partner. But the shift was unstable and unstable.
Analysts interviewed by Reuters predicted in August a trade deficit of $ 5.55 billion, compared with $ 3.82 billion in the previous month.
According to Canada statistics, the total export fell by three percent, while imports increased by 0.9 percent.
In August, the export of the United States amounted to $ 44.18 billion, which was 3.4 percent compared to July, the data collection agency reported, adding that it was primarily led by un -destroyed gold. But other categories of products contributed to a decrease, including lumber, machines and equipment.
The share of Canada’s export in the United States was unstable, but gradually declined. He fell below 70 percent a few months ago before recovering to 73 percent in August compared with 75 percent over the same period last year.
Prime Minister Mark Carny will meet Trump on Tuesday, because he is under pressure to consider the consequences of the US tariffs on critical sectors, such as steel, cars and lumber. But experts warned from the likelihood of a large transaction.
Import from the United States decreased by 1.4 percent in August monthly, reducing the total surplus of trade with its southern neighbor to 6.43 billion dollars from $ 7.42 billion in July.
According to the statistical management of Canada, exports to countries that are different from the United States in August. The lower exports of raw oil and nuclear fuel most contributed to the monthly decrease.
Nevertheless, his import from the rest of the world, with the exception of the United States, grew by 4.2 percent, reaching an entry in August.
