FXStreet (Mumbai) – The official data in Canada released on Wednesday showed exports surged in June, rising at the fastest pace since 2006 as shipments to the US rebounded.
The trade deficit narrowed to $476-million, from $3.37-billion. The markets were calling for a $2.9-billion trade gap in June. Exports rose 6.6%, ending the five straight months of decline. Exports to the US jumped 7.1%, Imports fell 0.6%, due to a decline in shipments by the aircraft and energy sectors.
(Market News Provided by FXstreet)