Close X
Wednesday, November 27, 2024
ADVT 
National

Statistics Canada says country posted $684M merchandise trade surplus in July

Darpan News Desk The Canadian Press, 04 Sep, 2024 10:25 AM
  • 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 per cent to $65.0 billion.

Imports of motor vehicles and parts fell 10.8 per cent as imports of passenger cars and light trucks fell 18.7 per cent after hitting a record high in June.

Exports edged down 0.4 per cent in July to $65.7 billion as exports of motor vehicles and parts declined 5.4 per cent.

In volume terms, imports fell two per cent in July, while exports decreased 1.5 per cent.

 

MORE National ARTICLES

House committee meeting about purchase of New York City condo for consul general

House committee meeting about purchase of New York City condo for consul general
Senior public servants have been called to a House of Commons committee to explain the government's decision to buy a $9-million condo for the consul general in New York. Conservative MP Michael Barrett called the residence "excessive" and "opulent," and questioned why the procurement minister was not made aware of the purchase.

House committee meeting about purchase of New York City condo for consul general

Canada Border Services Agency says systems outage impacting airports

Canada Border Services Agency says systems outage impacting airports
The Canada Border Services Agency says a partial systems outage is impacting airports and that it is working to fix the issue. Toronto's Pearson airport says the outage is impacting customs kiosks in two terminals. The airport says travellers using those terminals may experience longer wait times at customs. 

Canada Border Services Agency says systems outage impacting airports

Canada's inflation rate falls to 2.5%, paving way for another interest rate cut

Canada's inflation rate falls to 2.5%, paving way for another interest rate cut
Canada’s annual inflation rate fell to 2.5 per cent last month, matching economists' forecasts and solidifying expectations for a third consecutive interest rate cut in September. Tuesday’s consumer price index report says prices for travel tours, passenger vehicles and electricity helped drive the headline figure lower.

Canada's inflation rate falls to 2.5%, paving way for another interest rate cut

Tories delete Canadian dream video featuring what Liberals say are Russian jets

Tories delete Canadian dream video featuring what Liberals say are Russian jets
The Conservative Party of Canada has deleted a video that was meant to promote its Canadian values but featured images of what the Defence Minister's office says are Russian fighter jets.  The party acknowledged on Monday that mistakes happen, while also pointing out that the Liberals have dealt with a stock image backlash in the past. 

Tories delete Canadian dream video featuring what Liberals say are Russian jets

Canadian rail strike looking

Canadian rail strike looking
A ban on all new cargo pickups at Canadian Pacific is coming tomorrow if a deal is not reached between two of Canada's major railways and its union. A phased shutdown of the networks is already underway as a potential work stoppage looms on Thursday.

Canadian rail strike looking

Global Affairs says Canadian reported dead after yacht capsized off Sicily

Global Affairs says Canadian reported dead after yacht capsized off Sicily
Global Affairs Canada said Monday it's aware of reports that a Canadian has died after a luxury superyacht sank off Sicily during a violent storm, while Italian authorities said they continued to search for six people who remained unaccounted for.

Global Affairs says Canadian reported dead after yacht capsized off Sicily