Statistics Canada says country posted $987M merchandise trade deficit in July

Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, on Wednesday, July 19, 2023. Statistics Canada says the country posted a merchandise trade deficit of $987 million in July as imports fell on lower shipments of gold and the B.C. port strike. THE CANADIAN PRESS/Darryl Dyck

OTTAWA - Lower shipments of gold and the B.C. port strike weighed on imports as Canada's merchandise trade deficit for July narrowed compared with June, Statistics Canada said Wednesday.

The agency said the country posted a trade deficit of $987 million for the month compared with a revised deficit of $4.9 billion in June.

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