Canada's trade deficit widens to $3.4 billion in August

Canada's trade deficit widens to $3.4 billion in August

The U.S. goods and services deficit was $42.4 billion in August, the Commerce Department said Thursday, slightly less than in July following a small spike in exports. July's trade deficit was downwardly revised slightly from $43.7 billion to $43.6 billion.

Overall, U.S. exporters are benefiting recently from an improving global economy and a weaker dollar, which makes American products less expensive overseas. The overall trade deficit was up 8.8% compared with the first eight months of 2016. The strength helped prompt the Bank of Canada to raise its key interest rate target twice; however, the pace of growth is expected to slow in the second half of the year.

The agency says a decline in exports drove the increased trade deficit, while imports were unchanged.

Saudi king arrives in Moscow on first historic visit to Russian Federation
Chris Weafer, senior partner at Macro Advisory Partners, told CNBC on Tuesday that King Salman's attendance at the meeting was "very significant".

Exports of goods increased a slight $600 million, while imports of goods decreased $300 million, underpinned by volatility in the energy category.

The drop came as exports of consumer goods and basic and industrial chemical, plastic and rubber products, as well as metal ores and non-metallic minerals moved lower. Minimizing that gap boosts US economic growth.

"The outcome of the NAFTA renegotiations also poses some risk, but with negotiations moving slowly, it is unlikely to impact trade this year". Next week, the United States begins a fourth round of talks to renegotiate the North American Free Trade Agreement with Canada and Mexico. The gap in goods with Mexico climbed 26 percent to $6.2 billion in August, and the goods deficit with China rose 4 percent to $34.9 billion.

Related News:

  • A Bit Overly Ripe For Owning: Microsoft Corporation (MSFT), Criteo SA (CRTO)

    The California-based One Management Limited Liability Corporation has invested 1.15% in Microsoft Corporation (NASDAQ: MSFT ). Following the transaction, the insider now owns 537,519 shares of the company's stock, valued at approximately $39,776,406.
    FBI to interview alleged shooter's girlfriend

    FBI to interview alleged shooter's girlfriend

    An unidentified acquaintance of Danley who was reached by the Reno Gazette-Journal said, "She had nothing to do with this psycho". Prior to Danley's arrival in the U.S., Las Vegas Sheriff Joseph Lombardo said "we anticipate some information from her shortly".
    Woman who lived with Las Vegas shooter described as 'person of interest'

    Woman who lived with Las Vegas shooter described as 'person of interest'

    Public records contained no indication of any financial problems, and his brother described him as a wealthy real estate investor. After his conviction, Patrick was sentenced to 20 years in federal prison, but escaped and went on the run again.
  • Holloway draws Edgar for first UFC title defense

    Holloway draws Edgar for first UFC title defense

    Max Holloway , left, fights Jose Aldo during their UFC featherweight mixed martial arts bout in Rio de Janeiro, Brazil on June 4. Prior to that, he stopped former 155-pound champion Anthony Pettis at UFC 206 to win the interim featherweight strap.
    Amazon Reportedly Testing Local Delivery from Merchant DCs

    Amazon Reportedly Testing Local Delivery from Merchant DCs

    Amazon would pick up packages from third-party merchants selling on its platform and deliver the products to consumers. Amazon will now have full control of its eCommerce business if the company does launch its own delivery service.
    WWE Smackdown: Kevin Owens beats down Shane McMahon

    WWE Smackdown: Kevin Owens beats down Shane McMahon

    Nakamura quickly got the upper hand on Mahal, but the Singhs jumped on him and allowed Mahal the opportunity to hit The Khallas. After the match, Dolph Ziggler taunts Bobby Roode by making an entrance with a lot of theatrics, but it is purposely obnoxious.
  • Watchdog's safety clearance for Tepco reactors irks Fukushima victims

    Watchdog's safety clearance for Tepco reactors irks Fukushima victims

    Anti-nuclear activists rallied outside the regulation authority's building Wednesday. Greenpeace said 23 seismic faultlines ran through the Kashiwazaki-Kariwa site.
    Not giving in to critics, Pique commits to Spain

    Not giving in to critics, Pique commits to Spain

    Pique has won 91 caps for Spain, while Ramos has 153 global appearances to his name. "I have been here since I was 15", he said . Adriana Garcia is a Valencia-based football writer who covers La Liga for ESPN FC.
    Las Vegas gunman's girlfriend located in Philippines

    Las Vegas gunman's girlfriend located in Philippines

    Danley, who it is believed was born in the Philippines, is reported to have lived on the Gold Coast in Queensland 20 years ago. Shortly afterwards she moved to the U.S. - this is where her history appears more complicated.
  • All Android Wear Smartwatches Removed From The Google Store

    All Android Wear Smartwatches Removed From The Google Store

    You can still access your Assistant by pressing and holding down your home button or by simply saying, " Ok Google ". And in case you want to go a bit deeper into the app, you must know that the app does another important task.

    Google Home Mini speaker official

    The Google Home Max is official and here's everything you need to know about the specs, price and United Kingdom release date. Taking on Apple's Home Pod and Sonos, the Google Home Max is a stereo smart speaker focusing on audio fidelity.
    Fourth Woman Accuses Roman Polanski Of Sexually Assaulting Her As A Teenager

    Fourth Woman Accuses Roman Polanski Of Sexually Assaulting Her As A Teenager

    Mr Polanski has become involved in legal problems during brief visits to Switzerland and Poland in the past. Detectives in the Swiss town of Gallen met Ms Langer last week, and she made a formal criminal complaint.


Most liked

Tropical Depression 16 could hit Florida as hurricane on Sunday
The governments of Honduras and Nicaragua have issued tropical storm warnings ahead of the storm as it makes its way northward. A north-northwestward motion at a faster forward speed is forecast to begin on Thursday and continue through late Friday .

Las Vegas Shooting: What We Know About Marilou Danley
A BI spokesperson said Danley left Manila on Philippine Airlines flight PR 102 bound for Los Angeles on Tuesday night , October 3. In fact, they said the only reason she was in the Philippines was because Paddock told her he had found a cheap ticket.

The price of your Netflix subscription could be about to increase
Netflix has begun raising prices for new US subscribers and will begin increasing prices for current subscribers on October 19. In the coming quarters, analysts will be focused on subscription numbers to see how much churn the price hike causes.

TransCanada pulls plug on Energy East pipeline
Because regulators failed to reach a decision on the project, TransCanada expects "no recoveries of costs from third parties". Companies are not eager to invest in expensive tar sands projects unless the price of oil comes back up.

Keys to a Giants' victory against the Chargers
We had a tough loss. "You can fight through all the pain in the world, but losing games is not fun". However, the Chargers have their own 0-4 record and are equally anxious to get into the win column.

Humhama gunfight over, 3 militants, BSF officer killed
Police said one of the attackers was shot dead first and the other two were killed later in an operation that lasted several hours.

Solar Energy Is Growing Faster Than Any Other Energy Source
In IEA's accelerated case that considers fewer policy barriers, clean energy capacity could increase by an additional 27 percent. While coal is expected to remain the largest source of electricity generation in 2022, its lead over renewables will be halved.

Al-Nusra leader gravely injured by airstrike, 12 commanders killed - Russian MoD
The spokesman said that the attackers had the precise coordinates of the Syrian government forces, which could only have been obtained through aerial reconnaissance.

2.5 million more consumers affected, ex-CEO faces Congress
Smith also said the sales occurred after quarterly earnings were reported, which is a common practice within the company. On top of that, Smith failed to ask basic questions when he was notified of suspicious activity on July 31.

Vince Tyra Named UofL Interim AD
The Cards news vice president of athletics met with the school's head coaches on Tuesday night. Tyra has been a long-time supporter of Louisville athletics.

Pauley Perrette to leave NCIS after 15 seasons
Pauley Perrette's departure from NCIS at the conclusion of season 15 is one of the big stories breaking today and for good reason.

Who is Rajnish Kumar, next chairman of State Bank of India?
Kumar will take over the charge after Arundhati Bhattacharya tenure gets over on 6th October. The Banks Board Bureau had interviewed all four SBI managing directors for the top position.

Calls for gun control following mass shooting in Las Vegas
In light of the tragedy in Las Vegas, and the ongoing tragedy of gun violence in America , this could not be more inappropriate. John Lewis of Georgia said prayers were not enough, asking "how many more dead bodies will it take to wake up this Congress? ".

Obama Crashes Wife's Conference Talk With Loving 25th Anniversary Video
Obama sat down at the Convention Center in Center City for a wide-ranging conversation with television producer, Shonda Rhimes . The former First Lady did not fail to share this special day on the social networks. "You wonder if you're not doing enough".

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.