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Canada’s trade deficit shrank to $583 million in October, driven by rising exports and lower imports.
Canada’s trade deficit narrowed to $583 million in October, below expectations, as exports rose 1.2% due to stronger shipments of vehicles, crude oil, and agricultural products, while imports edged up 0.5%.
The improvement followed a revised $1.4 billion deficit in September and was aided by reduced imports of industrial supplies.
Economists had forecast a larger shortfall, and the two-month trend of improvement suggests resilience in Canada’s export sector amid global uncertainties.
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El déficit comercial de Canadá se redujo a 583 millones de dólares en octubre, impulsado por un aumento de las exportaciones y una disminución de las importaciones.