Canada trade deficit shrinks more than forecast

NEW YORK (Forex News Now) – Canada’s trade deficit shrank far more than expected in August, official data showed on Tuesday in one of the day’s major realtime forex news events.

In a crucial report for indicator analysis, Canada’s statistics agency said the country’s trade deficit dropped to CAD -1.4 billion, down from a revised -2.6 billion in July.

Analysts had expected a more modest decline to CAD -2.2 billion in August, two major currency market trading news outlets reported.

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