Figures released Thursday morning show exports increased by more than imports did in July, which pushed Canada's trade deficit with the rest of the world down to $593 million in July.
Statistics Canada reported that Canada exported 2.3% more goods in July than the economy did in June. The increase was mainly due to an uptick in non-energy products.
That was larger than the 1.3% increase in the amount of imports, which narrowed the trade deficit from $811 million in June to $593 million in July.
Exports to China jumped by 11.7%, the data agency said. Exports to the United States increased 2.1% to $34.7 billion.
