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
Trade Deficit
US International Trade Deficit Widens to $109.8 Billion
Source: Bureau of Economic Analysis The United States posted a wider trade deficit in March, as imports grew at a faster rate than exports during the month. QQQ is down 0.95%, while SPY is down 0.28%. The international trade in goods and services deficit stood at $109.8 billion, reflecting a 22.3% increase.The latest level reflects an increase in the goods deficit of … [Read more...] about US International Trade Deficit Widens to $109.8 Billion
US Trade Deficit Widens by $19.0B in March
Source: Census Bureau The US recorded an international trade deficit of $125.3 billion in March, wider than a deficit of $106.3 billion in February. SPY is up +0.41% on premarket, DXY is up +0.65%. The rise in trade deficit reflected a higher jump in imports from $30.3 billion to $294.6 billion. Exports increased by $11.4 billion to $169.3 billion. The wholesale … [Read more...] about US Trade Deficit Widens by $19.0B in March
Eurozone, EU Post Trade Deficit in February
Source: Eurostat The eurozone and the European Union both posted a deficit in terms of international trade in February, as imports outpaced exports during the month. EZU is up 1.62%, while VGK is up 0.99%. The eurozone international trade in goods deficit stood at €7.6 billion in February, reversing the €23.6-billion surplus recorded the same month in 2021.Exports to the … [Read more...] about Eurozone, EU Post Trade Deficit in February
UK Trade Deficit Hits £18.3 Billion as Exports Climb While Imports Slip
Source: Office for National Statistics The United Kingdom posted a narrowed trade deficit in February, as imports contracted while exports expanded during the period. EWU is down 0.35%, while EZU is up 0.40% premarket. The total trade in goods balance grew by £3.1 billion to mark an £18.3-billion deficit versus the previous month.Total exports for the month stood at £28.6 … [Read more...] about UK Trade Deficit Hits £18.3 Billion as Exports Climb While Imports Slip
