Canada’s international trade activity fell 1.8% year over year in July, driven by a 2.7% slide in exports to the U.S. Oil accounted for half the drop in exports dollar terms though Canada’s poor performance may reflect a global trade economy malaise – exports to China dropped by 21.1%. Canada joins the U.S. and most other countries in the Americas region with falling exports. The region including North, South and Central America saw exports drop 1.5% year over year in July.