Prior was -1.1 billionExports $63.88 billion vs $64.31 billion prior
Imports $65.15 billion vs $65.41 billion priorTrade deficit narrows to -$1.3B from -$1.5B priorTrade surplus with US widens to $8.3B from $7.8BExports to US rose 1.6%, imports up 0.8%Energy exports -2.6% on lower crude oil pricesAircraft exports jumped 10.3% on higher US private jet shipmentsMetal/mineral exports -5.4% on lower gold transfersReal exports +1.4%, showing volume gains despite nominal decline
The details show a mixed picture with lower commodity prices weighing on nominal values while real volumes improved. The widening surplus with the US is a bright spot, though a vulnerability in the election.
USD/CAD is down 25 pips to 1.3876 today.
This article was written by Adam Button at www.forexlive.com.
