Canada's merchandise imports fell 3.1% and exports edged down 0.1% in August. As a result, Canada's trade deficit fell to 1.3 billion dollars in August from 2.5 billion in July .
Imports fell to 38.8 billion dollars as declines occurred in every sector, except energy products. Volumes, which fell in every sector, were down 2.2% in August.
Exports amounted to 37.5 billion dollars as the decrease in prices offset the increase in volumes.
The largest decline occurred in exports of industrial goods and materials, while exports of energy products increased after six consecutive monthly declines.