Canada: Trade deficit with the world narrowed from $2.7 billion in May to $626 million in June

"Canada's merchandise trade deficit with the world narrowed from $2.7 billion in May to $626 million in June, the smallest deficit since January 2017," Statistics Canada reported today.

Key takeaways from the official publication

• Exports rose 4.1% to $50.7 billion in June, the first time they have surpassed the $50 billion mark. 
• Excluding energy products, exports were up 3.4%. Year over year, total exports rose 9.2%.
• In real (or in volume) terms, exports rose 2.1% and imports were down 1.3%.
• Imports edged down 0.2% to $51.3 billion in June, despite increases in 7 of 11 product sections.
• Year over year, total imports were up 4.2%.