Down from C$1.99 billion in August, the trade gap this month was C$927 million, according to Statistics Canada. While imports fell 0.1 percent to C$31.2 billion, exports rose 3.5 percent to C$30.3 billion.
This news indicates that international demand for Canadian goods is recovering since May 2009, when exports fell to their lowest level in eleven years. Over the past six months, Canada’s dollar has advanced 12 percent against the U.S. dollar.
In a separate report, Statistics Canada announced that new motor vehicle sales in Canada increased 1.2 percent to 128,415 units in September.
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