June 06, 2024 12:52 GMT
Canada April Trade Balance Narrows To -CAD1B
CANADA DATA
- April Trade balance met the consensus after falling -CAD2B in March as increases in oil and gas exports were not enough to offset higher priced imports.
- Exports +2.6% MOM and falling in March; exports +1.7% in volume terms.
- Imports +1.1% MOM, but -0.2% in volume.
- Exports +0.2% YOY; imports +4.5%.
- US surplus widened to +CAD7.3B from +CAD6.9B as exports grew more than imports. Excluding US, deficit narrowed to -CAD8.4B from -CAD8.9B.
- March trade deficit revised up from -CAD2.3B to -CAD2B.
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