In July, Canada's trade deficit with the rest of the world saw a significant reduction due to a recovery in exports and the impact of a strike at marine ports on the country's west coast causing a heavy decline in imports. According to Statistics Canada, the merchandise-trade deficit stood at 987 million Canadian dollars, equivalent to about $723.6 million. This figure defied … [Read more...] about Canada’s Trade Deficit Narrows as Exports Recover
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US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
Source: Bureau of Economic Analysis The US goods and services deficit was posted at a record $89.7 billion in January, up by $7.7 billion from December. SPY is down -0.037%, DXY is down -0.28%. The rise in trade deficit reflected a 1.2% gain in imports, which reached $314.1 billion against a 1.7% decline in exports which hit $224.4 billion.The January trade balance … [Read more...] about US Trade Deficit Jumps to a Record $89.7 Billion in January 2022