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.
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