Today’s trade report from Canada showed the trade deficit narrowed more-than-expected to CAD960 million in August. Kyle Dahms, analyst at National Bank of Canada explains that most of the rise in export reflected higher prices. Key Quotes: “Nominal exports rose 1.8% outpacing nominal imports which expanded at 1.0%.” “The trade surplus with the U.S. expanded from C$4.4 billion to C$4.9 billion.” “In real terms, exports edged down 0.2%, while imports advanced 1.2%.” “The Canadian trade numbers came in slightly better than expected in August but the particulars of the report were rather varied. The improvement in the trade balance stemmed from the exports side of the advance in two-way trade. Indeed, exports rose 1.8% in August following back to back declines in June and July (-5.3% and -0.8% respectively).” “Most of the rise in August reflected higher prices, as real exports posted a marginal decrease in the month. In the past 12 months, international shipment volumes have progressed a tepid 2.2% compared to +6.0% at the same time last year.” “After two months of data, trade looks set to have no impact on growth in the third quarter after having contributed no less than 1.2 percentage points to Q2’s GDP print, the most in 8 years.” 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 Bitcoin Cash technical analysis: BCH/USD remains at risk of bear attack FX Street 3 years Today's trade report from Canada showed the trade deficit narrowed more-than-expected to CAD960 million in August. Kyle Dahms, analyst at National Bank of Canada explains that most of the rise in export reflected higher prices. Key Quotes: "Nominal exports rose 1.8% outpacing nominal imports which expanded at 1.0%." "The trade surplus with the U.S. expanded from C$4.4 billion to C$4.9 billion." "In real terms, exports edged down 0.2%, while imports advanced 1.2%." "The Canadian trade numbers came in slightly better than expected in August but the particulars of the report were rather varied. The improvement in the trade balance… 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.
