Purchase of three icebreakers turns Canada’s August trade surplus into a deficit

OTTAWA — The summertime purchase of three ships from Sweden has wiped out Canada’s healthy trade surplus for August and replaced it with a deficit, Statistics Canada said Friday. The agency made the revision to the August trade figures as it accounted for a $600-million acquisition of three icebreakers late in the month. The $526-million trade surplus initially reported for August now shows a $551-million […]