Exports drop yet again in June

Avatar photo

OTTAWA, Ont. — For the third straight month, Canada’s merchandise exports declined in June in the wake of the largest drop in the machinery and equipment sector in 15 months, the latest Statistics Canada records revealed.

Exports declined 1.0% to $39.3 billion from a revised $39.7 billion in May. While the machinery and equipment sector was responsible for most of the overall decrease, exports of automotive products also sustained significant declines.

Imports increased 0.6% to $34.1 billion in June from a revised $33.9 billion in May. The increase was largely attributable to robust growth in imports of industrial goods and materials.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*