Face of Nation : Statistics Canada reported Wednesday that the trade deficit ballooned from $55 million in June to $1.1 billion in July because imports rose 1.2 per cent to $50.9 billion, while exports fell 0.9 per cent to $49.8 billion.
Economists had expected a deficit of $400 million, according to financial markets data firm Refinitiv. The result for June was updated from what was originally reported as a $136-million surplus.
