Canada: trade deficit widens to $2.7 billion in February
|“Canada's merchandise trade deficit totalled $2.7 billion in February, widening from a $1.9 billion deficit in January,” Statistics Canada reported this Thursday.
Key highlights:
• Imports rose 1.9%, mainly due to higher imports of energy products.
• Exports increased 0.4%, primarily on higher exports of passenger cars and light trucks.
• In real (or in volume) terms, imports rose 1.9% and exports were up 0.6%.
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