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- Canada's merchandise trade balance narrowed to a $370 million deficit in April
Canada's merchandise trade balance narrowed to a $370 million deficit in April
Canada's merchandise trade balance with the world narrowed to a $370 million deficit in April, from a revised $936 million deficit in March. Exports rose 1.8% to $47.7 billion, led by higher exports of passenger cars and light trucks. Imports were up 0.6% to $48.1 billion, on the strength of import prices.
Canada's trade activity has been strong in recent months, with Canada's total merchandise trade (exports plus imports) reaching a record high $95.7 billion in April. Year over year, Canada's total trade rose 10.9%.
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