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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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  • 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.