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- Canada's merchandise trade deficit totalled $2.8 billion in May, widening from a $1.9 billion deficit in April
Canada's merchandise trade deficit totalled $2.8 billion in May, widening from a $1.9 billion deficit in April
Canada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April. Imports rose 1.7%, mainly on higher imports of aircraft, while exports edged down 0.1%.
Imports rose 1.7% in May to $51.1 billion, with 8 of 11 product sections increasing. Imports of aircraft and other transportation equipment as well as energy products contributed the most to the increase in May. Year over year, total imports were up 3.5%.
Total exports edged down 0.1% to $48.3 billion in May, mainly due to lower exports of motor vehicles and parts as well as metal ores and non-metallic minerals. These declines were largely offset by higher exports of aircraft and other transportation equipment and parts, as well as forestry products and building and packaging materials. Year over year, total exports were essentially unchanged.
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