Lower imports of aircraft and other transportation equipment and parts drove the import decline
Canada's exports and imports both fell in August, hinting that the momentum of the recovery from the Covid-19 crisis could have slowed more than anticipated, data from Statistics Canada showed on Tuesday.
Imports fell 1.2 per cent, while exports were down 1.0 per cent. Canada's trade deficit, meanwhile, narrowed slightly to C$2.45 billion ($1.85 billion), missing analyst expectations of C$2.0 billion.
Statscan revised July's trade deficit to C$2.53 billion from an initial C$2.45 billion.
First Published: Oct 06 2020 | 8:15 PM IST