Nathan Janzen, senior economist at Royal Bank of Canada, notes that the Canada’s net trade balance held at a $0.1 billion surplus as exports fell 5.1% (and 2.2% excluding price effects), while import volumes dropped a larger 3.6%. Key Quotes “The small $0.1 billion surplus was a second consecutive positive balance – but details were soft with exports and imports both declining sharply. More than half of the 5% plunge in exports was accounted for by lower prices – so export volumes were down less in the month and still up a large 14.9% (annualized) in Q2 as a whole. But a 3.6% drop in June import volumes, including big declines in equipment imports, left imports down 3.4% for the quarter.” “The monthly trade data is notoriously volatile and revision prone. And net trade looks on track to potentially add more than four percentage points to Q2 GDP growth. But softer imports don’t bode so well for underlying domestic demand growth, particularly business investment.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: NFP data on expected lines – TD Securities FX Street 4 years Nathan Janzen, senior economist at Royal Bank of Canada, notes that the Canada's net trade balance held at a $0.1 billion surplus as exports fell 5.1% (and 2.2% excluding price effects), while import volumes dropped a larger 3.6%. Key Quotes "The small $0.1 billion surplus was a second consecutive positive balance - but details were soft with exports and imports both declining sharply. More than half of the 5% plunge in exports was accounted for by lower prices - so export volumes were down less in the month and still up a large 14.9% (annualized) in Q2 as a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
