INDUSTRY PULSE: Exports tumble in September
OTTAWA, Ont. — Canada experienced an across-the-board decline in exports in September, according to Statistics Canada.
Canadian companies exported $36.1 billion in merchandise, a 3.4% decline from August. Exports fell to the United States and in every major commodity group, predominantly machinery and equipment and agriculture.
On the other hand, imports edged up 0.4% to $31.0 billion, with gains occurring in energy products, forestry, industrial goods and consumer goods.
Demand for goods continued to fall south of the border, as exports to the United States fell 2.7% to $29.4 billion. At the same time, Canadian purchases from American firms rose only 0.9%.
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