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Trade Deficit Narrows to $135M in March as Exports Surge to Record

Posted May 04, 2017

Under Economic Issues, International Trade Issues

(CBC News)

Canadian exports surged to a record $47 billion in March, but the country still posted a $135 million trade deficit for the month as imports also rose.

Statistics Canada reported Thursday that exports rose 3.8 per cent in March, more than twice as much as the 1.7 per cent growth in imports.

Energy products and consumer goods were responsible for much of the increase in exports, the data agency said.

Only two export sectors shrank, BMO economist Benjamin Reitzes noted: raw metals and minerals (down 1.9 per cent) and autos (down 1.8 per cent). Click here to read more.