Statistics Canada reports $ 136 million trade surplus in June
Canada’s trade surplus fell to $ 136 million in June, in part due to sharp declines in crude oil and aircraft and other transportation equipment and parts, Statistics Canada reported on Friday.
S ccording to the federal agency, exports declined by 5.1 percent to reach $ 50.3 billion, which more than offset the strong increase in May, while prices decreased 3.6 %.
Crude oil exports declined 8.6%, the first monthly decline in 2019. Crude oil export prices declined 13.5%, while volumes increased 5.6%.
Aircraft exports decreased by 40.8 percent, mainly due to lower commercial aircraft deliveries to the United States.
Total imports decreased 4.3% to $ 50.2 billion, the lowest level since November 2018.
Analysts expected a $ 300 million trade deficit, according to financial services firm Refinitiv.
June’s surplus narrowed compared to the $ 556 million recorded in May.