OTTAWA, Ont. — Imports slipped 0.4% in August, with small declines occurring in every sector except energy, where imports rose 7.7% to a record high of $3.0 billion, Statistics Canada reports.
An increase in imports of gasoline pushed petroleum and coal imports up 44.5%. Higher volumes accounted for two-thirds of the gain although rising prices played a role in the increased value.
In addition, imports of coal and other related products rose 12.6% to $358.0 million. Coal-fired power plants stepped up production to keep pace with increased demand for electricity.
Imports of automotive products fell 1.2%. Declines in imports of trucks and other motor vehicles, and passenger autos and chassis contributed equally.
Imports of industrial goods and materials fell 2.6%. Declines were widespread throughout the sector.
Imports of machinery and equipment were stable for the second consecutive month. This pause follows substantial growth during the first two quarters of 2005. Additional imports of machinery were demanded by industries such as oil and gas, mining, and transportation to fuel expansion activities.
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