Canada June trade balance -$3.73B vs -$2.9B expected

  • Canada June 2023 trade balance data
  • Prior was -3.44B (revised to $2.68B)
  • Exports $60.7B vs $62.05B prior
  • Imports vs $64.43B vs $64.73B prior

The aggregate level of trade is slowing and that's a poor sign for economic activity. Today's weak China trade data was particularly alarming and goes some way to explain the weakness in markets today.

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