Canada’s Trade Gap Shrinks by 50%

Statistics Canada reported that exports increased 3.5 percent in September, while imports remained more or less constant with the previous month. The net effect was a drop in Canada’s trade deficit to $927 million CAD from $2 billion CAD in August. Canadian exports have increased in three of the past four months, reversing a declining trend since July 2008 and reaching a low point in May 2009.

The Canadian Press

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