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- Canada posts a weaker than expected trade deficit
Canada posts a weaker than expected trade deficit
The
Canadian trade deficit was released on Wednesday. The trade deficit was $0.64
billion in April, after a surplus of C$0.77 billion in March. March’s figure
was revised down from a surplus of C$0.80 billion.
Analysts
had expected the trade surplus to fall to C$0.10 billion.
That
development of trade balance was caused by energy exports drop. Energy exports
dropped 11% in April.
Later in
the trading session, the Bank of Canada (BoC) will release its interest rate
decision. Analysts expect the BoC will keep interest rate unchanged at 1.00%.
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