Posted AT 3:14 PM EST on 13/11/08
Canada's trade surplus narrows by $1.1-billion
Canada's trade surplus declined by more than $1-billion in September, to $4.5-billion – a nine-month low – as exports declined and imports rose, Statistics Canada said Thursday.
The surplus was $5.6-billion in August.
Flat volumes and falling prices caused Canadian exports to drop for the second consecutive month, falling 1 per cent to $42.5-billion, Statscan said, with industrial goods and materials, automotive products and energy products leading the retreat.
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