Published: Fri, October 06, 2017
Research | By Derrick Holloway

Commerce: Trade deficit down slightly in August

Commerce: Trade deficit down slightly in August

Canada's trade deficit unexpectedly widened in August as exports fell for the third month in a row and imports remained flat, data from Statistics Canada showed on Thursday.

Following two consecutive steep monthly decreases, exports fell a further 1.0 percent in August to Can$43.6 billion, led by falling foreign demand for Canadian consumer goods, chemical, plastic and rubber products, and ores and minerals, according to Statistics Canada.

Giant python almost severs man's arm
Locals later killed the snake and displayed its body in the village before dicing it up, frying it and feasting on it. Sutarja said Mr Rababan noticed the snake "minding its own business" and called some friends in to try to catch it.

The narrower than expected deficit was partly due to an increase in the value of exports, which rose by 0.4 percent to $195.3 billion in August from $194.5 billion in July. As a result, the trade surplus with the United States shrank to C$2.31 billion from C$3.18 billion in July. Imports slid to $237.7 billion from July's $238.1 billion. Minimizing that gap boosts US economic growth. Next week, the United States begins a fourth round of talks to renegotiate the North American Free Trade Agreement with Canada and Mexico.

At the same time, the merchandise-trade deficit with China, not adjusted for seasonal fluctuations, was the widest since September 2015 at $34.9 billion.

Iraq Claims Victory Over Islamic State in Hawija
Shi'ite Popular Mobilization Forces and Iraqi army members gather on the outskirts of Hawija . It said on Tuesday there could have been as many as 78,000 people left in the town.

Overall, U.S. exporters are benefiting recently from an improving global economy and a weaker dollar, which makes American products less expensive overseas.

The drop in consumer goods exports was attributable to a decrease in foreign sales of pharmaceutical and medicinal products, mainly to Italy.

Trump administration turns NASA back toward the Moon
Orbital ATK's Thompson said the USA should be able to put astronauts on the moon within five years through such vehicles. And many members of the National Space Council and Trump's NASA transition team have been advocates of lunar missions.

Like this: