Statistics Canada reports $506M merchandise trade deficit for March

Statistics Canada Reports $506M Merchandise Trade Deficit for March

Canada posted a merchandise trade deficit of $506 million in March as exports to the U.S. fell with the implementation of new tariffs, but shipments to other countries climbed. Statistics Canada says the result compared with a deficit of $1.4 billion in February. Overall exports edged down 0.2 percent to $69.9 billion in March as exports to the U.S. fell 6.6 percent, but exports to countries other than the U.S. rose 24.8 percent. Imports fell 1.…

Canada's trade deficit narrows to $506M in March, driven by slump in U.S. imports

Canada's trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday.

Canada’s trade deficit narrows more than expected in March as imports fall

Imports of goods dropped 1.5% in March driven by a 2.9% slump in imports from the U.S. after Canada imposed retaliatory tariffs

Statistics Canada reports $506M merchandise trade deficit for March

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Canadian Trade Deficit Narrows in March - Action Forex

Canada’s trade deficit narrowed from a revised $1.4 billion in February to $506 million in March. Merchandise exports edged lower (-0.2% m/m) continuing the slide from February’s larger contraction (5.4% m/m). Exports of consumer goods (-4.2% m/m) and energy products (-2.2% m/m) contributed most to the monthly decline. Motor vehicle and parts exports (+7.7% m/m) […] The post Canadian Trade Deficit Narrows in March appeared first on Action Forex.

Canada International Merchandise Trade above expectations ($-1.7B) in March: Actual ($-0.51B)

Canada International Merchandise Trade above expectations ($-1.7B) in March: Actual ($-0.51B)