UPDATE 2-Canada August trade deficit widens, hitting Q3 growth
* Imports up 2.1 pct to record high, exports climb 1.8 pct
* Canada posts 20th consecutive trade deficit
* Trade surplus with United States grows to C$3.99 billion
By David Ljunggren and Louise Egan
OTTAWA, Oct 8 (Reuters) - Canada's trade deficit widened more than expected in August as imports soared to a record high, suggesting that exports were still not providing the much-desired boost to economic growth in the third quarter.
The trade deficit climbed to C$1.31 billion ($1.27 billion) as imports grew by 2.1 percent to set a new record and exports rose by 1.8 percent, Statistics Canada said on Tuesday.
The deficit - the 20th in a row - exceeded analysts' forecast of a C$700 million shortfall. Statscan revised July's deficit to C$1.19 billion from an initial C$931 million.
"The Canadian economy is still waiting for that growth rotation into exports," said Doug Porter, chief economist at BMO Capital Markets. Continued...